Office of Strategy Management

Office of Strategy Management In the article Office of Strategy Management, Kaplan and Ditto reveal that thither is a disconnection amongst companies between system formulation and dodging execution. On average, 95% of a companys employees are unaware of, or do not understand, its strategy. They say that there is a gap in many oversize organizations between strategy formulation and execution, between ambitious goals and actual performance. The authors exhibit that if employees are unaware of the strategy, they contributenot help the organization implement it effectively.Kaplan and Norton say it doesnt have to be like that. They have studied companies that achieved performance breakthroughs by adopting the Balanced Scorecard and its associated tools to help them better communicate strategy to their employees, and to occur and monitor the execution of that strategy. While some companies have achieved better, longer-lasting improvements than others, the organizations that have man aged to keep back their strategic focus have typically established a late corporate-level unit to oversee all activities related to an office of strategy focusing (OSM).The OSM coordinates an array of tasks. The function of the OSM is to create and manage the scorecard, align the organization, review the strategy, initiate strategy, communicate strategy, manage strategic initiatives, and integrate strategic priorities with other body forth functions. They assert that the OSM does not do all the work, but it facilitates the physical processes so that strategy is executed in a more integrated way crosswise the organization. They say that an OSM is applicable with every organization whether it is used or not.I agree with the authors the OSM sets the framework to ensure good communication throughout the company. An OSM can improve a strategy execution, and the communication of that strategy, and to ignore any of the process that an OSM seeks to achieve for an organization could le ad to its failure. If the company is working fine it capability be necessary, but some form of an OSM might be in place. However an OSM is a must for companies where the communication and the execution of a strategy are poor.