Characteristics of effective strategic management include:
- A clear business strategy and vision for the future.
- A strategic direction endorsed by senior managers, taking account of partners and other stakeholders.
- A mechanism for accountability (to the citizen in meeting their expectations, as well as to the centre in meeting policy targets).
- A framework for governance at several levels (government-wide down to internal reporting arrangements) that ensures you can coordinate everything (multiple goals) even when there are competing priorities and different goals.
- The ability to exploit opportunities and respond to external change (turbulence) by taking ongoing strategic decisions.
- A coherent framework for managing risk – whether it is balancing the risks and rewards of a business direction, coping with the uncertainties of project risk or ensuring business continuity.
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