What are Strategic Responsibilities – Definition and Importance

The effective strategy is responsible for several tasks that you must implement properly. These tasks are called strategic responsibilities.

Strategic responsibilities are the tasks that the strategy development team must perform. These tasks include: building the organization’s vision, setting goals, planning development, and setting regulations and policies. If the company master these responsibilities will obtain an effective strategy.

One of the primary responsibilities of the strategy is to build integrated coordination within the company to work as one unit to achieve the goals.

The strategic responsibilities, and all the topics related to it, this article explains it insufficient and straightforward detail. Let’s start

💡 Helpful Statistics About Strategy:

● 67% of well-formulated strategies failed due to poor execution. (HBR)

● 48% of leaders spend less than a day on strategy each month. (HBS)

● 61% of executives feel they are not prepared for the strategic challenges. (HBR)

● 77% of successful companies translate their strategy into operational terms and evaluate it on a day-to- day basis. (Palladium)

● 98% of leaders think strategy implementation takes more time than strategy formulation.

● 42% of managers and 27% of employees get access to the strategic plan

● 95% of employees do not understand their organization's strategy

● 84% of all staff members are clear on their organization’s top priorities

List of strategic responsibilities

Due to a large number of studies on strategy, the primary strategic responsibilities are known and defined, and we list them for you in order here:

1. Building a strategic vision
2. Define the company’s message
3. Setting strategic goals
4. Prepare plans
5. Define performance measurement methods
6. Monitor and measure performance

in the following sections, we will give a brief explanation for these responsibilities

Strategic responsibilities explanation

The strategic responsibilities are arranged in descending order, the first then the second because each step depends on the stage that preceded it, and so on. The following is the explanation of the strategic responsibilities in order of priority:

Building a strategic vision

Vision can be defined as the ambition that the organization wants to achieve in the future—between three to five years or more, representing the company’s general direction. 

The vision is the basis of the strategic plan; Therefore, the organization must know where it is heading. 

The vision must be clear to all employees or work teams within the organization or company because it describes the future goal that the company or organization wants to achieve.

Define the company’s message

The company’s mission refers to the task performed by the company in the short term. The company’s mission specifies the reason for its existence, the things it does, the company’s goals, and the way to achieve them. Also, it identifies the company’s customers.

Strategic objectives / Goals

You can divide the strategic objectives into two types:

1. Long-term objectives: these goals are set to realize the company vision.
2. Annual goals: annual goals are set; to achieve long-term objectives. 

You need to know that these goals must be specific, achievable, measurable, realistic, and straightforward.

Prepare plans

This stage includes developing a plan for how to achieve the company’s vision and goals. These plans serve all existing goals of both types, long-term or annual goals.

Define performance KPI

We mentioned at the beginning of the article that responsibilities and goals should be realistic and measurable. 

So, you can analyze these goals to KPI to measure the performance. You need to inform and educate members of the work team with these KPIs.

Monitor and evaluate the performance

The team’s strategic plan is clarified, ensuring that team members are fully aware of the organization’s future, priorities and strategies.

The principle of evaluation is crucial for the success of any system and any work team or company. 

You must base the monitoring and evaluation process on KPI, defined previously and well known by all employees. 

Correcting deviations and adjusting plans

The usefulness of the evaluation process is to monitor and measure performance and reveal any deviation in the plan or the method of implementation.

When you detect any deviation from the goals, the company must identify deficiencies and made suitable corrections. 

After that, the company must develop treatment plans that address these shortcomings or modify the entire strategic plan.

For more details, you can refer to the purpose of the strategy article.

Why are strategic responsibilities important?

The importance of strategic responsibilities lies in several points, including:

1. Strategic responsibilities allow the organization’s employees to go hand in hand so that their efforts align with the organization’s vision, goals, and mission.
   
2. Strategic responsibilities save money and time by planning the organization’s resources and avoiding unimportant activities and projects unrelated to the organization’s goals and vision.
   
3. Strategic responsibilities enable the organization to study the external factors and the future of the industry or organization that affect the organization in the coming years.
   
4. Strategic responsibilities describe the organization’s future course, how to achieve it, and reach it, thus guiding the organization’s employees, officials, and participants.
   
5. Strategic responsibilities increase the efficiency and effectiveness of the organization or company; This is because they provide a focus for the organization or company.
   
6. Strategic responsibilities are a link between employees and the board of directors.
   
7. Establishing strategic responsibilities ensures the most effective use of the company’s resources by focusing resources on key priorities.

For more details, you can refer to the strategy and operation roles article.

Conclusion

Strategic responsibilities are the tasks that the strategy development team must perform. The strategy team must carry out with precision and mastery to obtain an effective strategy. Examples of these tasks include: building the organization’s vision, setting goals, building plans, and setting regulations and policies. 

List of strategic responsibilities

1. Building a strategic vision
2. Define the company’s message
3. Setting strategic goals
4. Prepare plans
5. Define performance measurement methods
6. Monitor and measure performance

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