strategic management
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Infor Welcomes its New CEO Charles Philips: What’s In Store for Infor?
In the last months of 2010, business software company Infor named their new Chief Executive Officer with no other than former oracle Co-President Charles Phillips. Phillips left his position in Oracle in September of 2010 and was replaced by the ousted CEO of Hewlett-Packard, Mark Hurd. Apparently, Phillips informed oracle CEO Lawrence Ellison on his exit from Oracle and he totally respects his decision and Phillips is just enthralled to work at a new environment with new challenges to conquer. The CEO of Infor, Jim Schaper will step down as Chairman and will still continue to play a vital role for Infor’s success.
In spite of the many doubts whether or not it is the best decision to get Phillips for the job, Schaper sets all of the controversies aside and looked at the diverse set of skills, direct industry experience and performance track record that can beat out any doubts a person would have over Phillips. Hiring Phillips would probably be the boldest move for Infor and Schaper do not regret making it as he is confident that true results that matter will be delivered now that an innovator is on their side. For Schaper, Charles Phillips is nothing short of a visionary with his tactless sales and promotion moves that are guaranteed to reduce costs and up sales in no time. He has a unique paradigm which is drawn from hi9s experience working with Oracle and previously on Wall Street.
If one will do a background check on Phillips, he will probably be more than impressed with his stellar record and employment history which will reflect his efficiency. His jump from being a database leader to being company president for Oracle would probably open a lot of jaws. Can one think of any other person that would be promoted as president with just a year of service? Clearly, Oracle saw something in him which made them promote him unhesitatingly. This is the same quality that Schaper expects from Phillips to exceed.
Presently, Infor has been the third largest enterprise resource software solutions all over the world, and who knows, with Phillips on their turf, they might have a shot for the elusive top spot. Charles Phillips is known as the master of acquisitions as he had acquired quite a handful of them during his time with Oracle. He might just be the catalyst that Infor needs to lay out a plan that shall surge for its global success. To date, Infor has seventy companies and seventy thousand customers. Now with Phillips as CEO, they hope he will be an instrument to see this number go up by hundreds and even by thousands.
Strategic Management
In strategic management, managers must know how the different parts of the organization and its environment fit together. It is crucial in understanding how they affects and influence each other.
To understand what is strategic management, we need to ask the following questions:-
How did our organization reach the situation it is today?
Why is it producing these particular products or services?
Why you are located here?
Why are you serving a particular part of the market place?
Why are you organized this way?
It boils down to decisions of course!
How these major (or strategic) decisions about products, location, structure and senior management appointments are made and how they are implemented can be defined as the process of strategic management.
Corporate planning process can be adhoc or opportunistic (less structured) approach for small firms; fashion clothing retailer. It is more logical and structured approach to making strategy for big MNCs like Glaxo, Philips, SIA etc.,
Who undertakes the strategic decisions or the corporate planning process?
CEO
Senior management team, Staff analysts (technical work)
Implementations by middle and junior managers.
Strategic Reviews and Scenario Planning on a quarterly or half yearly basis well facilitated by a professional facilitator and consultant brings about the best result in Organizational Change Development.
Organizations that do not plan strategically will ultimately lead to failure!
Don’t take it lightly if we are serious about our organizations survival and success.
PLAN, PLAN…PLAN!
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And we will be very glad to advise and serve you.