Strategists look at the company's goals and devise practical, achievable ways to achieve the objectives. In many cases, they are involved in the creation of goals, that is, they are able to assist executives in determining which goals are feasible and profitable for the business.
When companies have decided on their objectives, strategy managers start drafting plans for staffing and allocations of funds and smaller goals and milestones. Then, they assign tasks to different departments. Strategists are accountable for the continuous coordination of all projects and objectives and ensuring that they are working towards the same objectives. Strategy managers establish a communication system between various groups. They frequently travel between different offices and groups to evaluate their performance.
The two main qualities that managers of strategy should possess are analytical and organizational skills. They use their skills to evaluate the company's goals, break them down into achievable, sequential objectives and assign them to different groups, and monitor the progress. Management of time is also crucial as is flexibility and the capacity to change. Communication skills are essential because strategists are constantly in contact with different groups to coordinate their actions.
Strategy managers are often required by companies to have at least a bachelor's degree in mathematics, finance or statistics or a related master's degree. Strategists typically possess five or more years of experience in a similar position in addition to.