Strategic Management
Strategic Management is one of the new fields in management that mainly focuses on planning and execution of business strategies. Strategic management can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organisation to achieve its objectives. Strategic Management is a continuous process of strategic analysis, strategy creation, implementation and monitoring used by organisations with the purpose to achieve and maintain a competitive advantage.
There are certain important roles for M.Sc Strategic Management students. The present article mainly focuses on few important roles available after M.Sc Strategic Management, they are:
1. Business Advisor
A business advisor is one who has genuine interest in supporting business and the ability to use the experiences that are gained in the profession across a range of specialisations.
Role
As a business advisor one will provide information, support, coaching, advice and guidance to business clients like individuals or huge organisations. As a business advisor one is responsible to provide support for a business to grow, scale up, change or diversify their business model.
Duties
As a business advisor one is needed to:
- Possess an in-depth understanding of the business support landscape and the ability to advice businesses on the range of options available
- Undertake diagnostic needs assessments with businesses including analysing the needs of the business and working with the client to put a business action plan in place
- Develop a professional network of associates who can provide a broad range of business and enterprise
- Build positive relationships with clients, partners, associates networks
- Have excellent mentoring and coaching skills
- Attend meetings with networks and associates to ensure you keep up to date with global, national, regional and local business support initiatives to ensure your client benefit
- Undertake research on behalf of a business
- Communicate with clients, networks and associates
- Provide start-up business with advice and guidance for assist
- Organise and deliver business networking events and business education seminar and workshops
2. Business Analyst
As a business analyst one will be responsible to evaluate and analyse business data and create solutions for the problems. They work with a variety of people and are expected to have a good grasp of management and information technology.
