Question

What are the three core roles and responsibilities of strategic managers? Elaborate in 400 words or more

Answer 1

There are three core responsibilities that a strategic manager is taken with that we can attribute to being:

CREATING THE STRUCTURE AND THE FUNCTIONS OF THE COMPANY LIKE AN ARCHITECT
A strategic manager is tasked with being the architect of the company's structure and function. The structure provides the outlook, and the functions give the “life force” of the company and therefore, they help the organization realize its potential in a way where anything it does adds value to the entire implementation.

DESIGNING THE STRATEGIC PLAN AND MANAGEMENT PROCESSES
They take into account the needs of the organization, study its characteristics, its key capabilities, functions as well as its relative position in the market it operates based on the current processes it has ongoing and its current portfolio value to bring a better offering to the marketplace. The ability to respond to competition comes from having a short term plan, a long term goal and the ability to satisfy the stakeholders of the company, which is why they have a central role in all the processes the company conducts as part of its daily functions.

ALIGNING THE STRATEGY WITH THE MISSION AND THE VISION AS WELL AS THE HRM STRATEGY
Formulating a strategy is one thing and being able to implement it successfully is another. A strategic manager is therefore tasked with aligning the approach to the company’s value, culture, its mission, its vision as well as the scope they want to achieve with their processes. Being able to bring all their services and processes together requires that the strategic manager takes into account the human currency of the company and therefore work closely with the HR department of the company to bring about a positive influence over the entire organization as a single unit where the different segments add value to the system as a whole.

The strategic manager is therefore tasked with bringing the entire organization under a single function of creation of value by bringing the structure and service closer to the actualized values. They set the baseline values for evaluation of the company’s performance, benchmark the current implementation and the future return from the changes as well as perform the strategic function of formulation, adaptation, implementation, monitoring, evaluating and bringing a change to the plan, to always fit the needs better.