Combine Strategy Development with Capital Allocation
When Halliburton Energy Services Group, a leading oil field services company, revamped its strategic planning process, senior managers decided that these two processes were in fact one and they designed their strategic planning accordingly. Halliburton now has one owner of strategy and capital allocation, with clear accountability for ensuring alignment between the two. This senior manager owns the corporate-wide strategic managing process and chairs a … [ Read more ]
Author: Phyllis Rothschild | Source: “Strategic Planning Redux” | Original Publication: Mercer Management Journal | Subjects: Finance, Strategy