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COMPONENTS OF IMPLEMENTING STRATEGY

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COMPONENTS OF IMPLEMENTING STRATEGY
? Differentiate corporate strategy from project management.
? Identify the implications of organizational culture on project structure.
? Define the elements of a project.
? Define end-state goals for project implementation.

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COMPONENTS OF IMPLEMENTING STRATEGY

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? Differentiate corporate strategy from project management.

Corporate strategy is the broad guideline, framework within which an organization operates. Corporate strategy defines the long term goals, objectives, vision and mission as well as the overall policies and guidelines for the attainment of such goals.

Project management is a component of the overall strategy that helps the attainment of various goals and objectives via set of tasks, processes or systems. In other words, project management ensures that smaller tasks or goals within the broader strategy is being achieved via set of acts or activities.

Project management should be fairly alligned with the broader corporate strategy to ensure positive outcome. major reason for project failure is that most organizations do not ensure that all projects they implement align with their organization's core ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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