Study on the Management System Integrating Strategy Formulation and Execution Processes

Abstract

Strategy formulation and strategy execution represent upper and lower streams of the same strategy that complement each other. The two processes, however, often would not function seamlessly unless some forms of purposeful intervention exist, since each has its proper body of knowledge and key processes and procedures that lack commonality. This paper presents a case from Mitsubishi UFJ Financial Group and a solution to the issue by introducing a technique to device scenario planning as an effective medium between the two processes.