Chapter 3 Strategic Advantages – Strategic Level
strategic advantage lies in the leverage of knowledge.
the strategic level the corporate objectives are converted from carefully structured
objectives and goals into rigorous strategies to ensure that these objectives
are met within the timeframes required. Strategy definition represents step 2
and step 3 of the defining performance graphic first introduced within Chapter
1 of this book. (See Figure 3.1)
area is a detailed section of work that requires a lot of understanding of the
organization’s business and operating environment as well as asset management in
key objectives of the work done at this level are-
Ensuring that corporate objectives or goals remain confidential where necessary.
Defining the strategies required for achieving the desired levels of
performance that were defined as corporate objectives and goals.
Defining the indicators used to measure the achievement of the goals of these
MSC is focused on the creation of competitive advantages, that is, identifying differentiating
capacities or capabilities that will increase the organization’s ability to
compete. Whether this information could compromise the
ability of the organization, it needs to remain confidential, which in itself
poses a challenge. Some employees can often divulge confidential information accidentally
if they are not accustomed to having such information. Furthermore they may deliberately
divulge confidential information if they suddenly become disgruntled for some
reason or other.
example, in many minerals-producing and processing industries, one of the key
client requirements is the continuity of supply. In others, such as utilities industries,
client costs may be affected greatly by initiatives within the asset management
sphere. In many sectors these industries are extremely competitive. As such, a
leak of information from a market leader to another company can significantly
change the business landscape within that industry, particularly given the
importance of asset management in these industry types.
of information can be damaging enough if it occurs within private enterprise.
However within government controlled institutions, its effect can be truly
devastating. While government sponsored or controlled institutions have less of
an economic driver, they are generally answerable, in no small amount, to the
confidentiality is paramount, there is also a need to provide enough
information for the subsequent strategies to be created. Strategic level indicators
directly represent the strategic advantages that the corporation needs to
achieve in order to reach corporate objectives.