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If a chess player is asked the difference between tactics and strategy in the game, he responds by saying that tactics involve a short progression of moves that are used to attack or make captive a chess piece whereas strategy is having authority over the centre of the board or optimization of piece mobility that means long term plans for success and victory.
In the business world too, some people concentrate on a short sequence of actions to make a profit or achieve a goal. But the kingmakers of the business sector are strategy managers who can envision several moves ahead and create short-term, mid-term and long-term plans for success. Without strategy managers, any business would move forward without any plan or action around the board.
The tasks of a strategy manager are to set the goals of a company, its maximum productivity with minimal risks. These professionals are top leadership executives whose job is an assessment of organizational goals determining the realistic goals, working with the company’s executives and formulate action plans to achieve the goals.
All the business pieces like human resources, finances, supply chain and partnerships have to be put together by the strategy manager and optimize these elements and get them moving in a unified direction.
According to the Bureau of Labor Statistics, the need for business operation specialists is going to remain steady with a growth of 5%, resulting in around 17,000 jobs that will be available annually through 2024.
According to the candidate’s skills and interests, they can choose any of the job roles available:
Organizations from different departments employ a strategy manager to develop action plans for handling their tasks and services in effective ways. Some of the top areas where interested individuals can apply are:
The pay scale of strategy managers depends on the qualifications and experience of the individuals.
• The starting salary for a freshly graduated strategy manager is Rs 6, 00,000 yearly.
• The starting salary for a corporate strategy manager is Rs 4, 00,000 every year.
• The salary for a strategic planning manager is Rs 4, 02,000 annually.
• A senior strategy manager has an earning of Rs10, 00,000 yearly.
– Samiya Firdous