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What is the corporate strategic development ? Definition for corporate strategic development
The best corporate strategies, in our experience, force a multibusiness company to make clear choices about its portfolio and the allocation of its resources. corporate development may include initiatives such as recruitment of a new management team, plans for phasing in or out of certain markets or products, considering a partner for a strategic alliance, establishing relationships with strategic business partners, identifying and acquiring companies, securing financing, divesting of assets or divisions, increasing intellectual property assets and so on.
The detail content for corporate strategic development :
establish a clear, achievable and compelling vision which sets out where the organisation should be going
identify and prioritise strategic objectives that are consistent with the vision of the organisation
balance risk with desired outcomes
balance innovation with tried and tested solutions
ensure that your plan is flexible and open to change
develop policies and values that will guide the work of others towards your vision
delegate responsibility for achieving goals and allocate resources effectively
identify measures and methods for monitoring and evaluating the plan
balance the needs and expectations of key stakeholders and win their support
Through ATAHK unbiased guidance, practical tools and peer perspectives, we helps members develop and implement effective growth strategies, efficient strategic planning process, and build high-performing strategy and corporate development teams.
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