The role of Director Strategy goes by different names - Director of Strategy, Strategy Director or even Director Corporate Strategy. Either way, it is a critical and exciting role. It's about developing outstanding business opportunities, but also about identifying threats to the company at an early stage.
This involves assessing competitors and market trends and developing marketing and production strategies. It is also important to keep an eye on the legal regulations. So it's all about the big picture - working out both profitable and realistic long-term corporate or even departmental goals.
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For the most part, the Director Strategy role is found in larger business organisations. There, these people work with senior executives to determine the direction the company or department should take. And also how to get there. Strategy meetings are about the purpose, values and direction of the company. Their focus is on determining the medium- and long-term goals. The director reports directly to the executive board and may also be a member of the management team.
He/she often works with or supervises a team of analysts and support staff while working on the implementation of the strategy. The company or department may also have a different or completely different strategy. The Director Strategy always analyses all decisions regarding the strategy, and evaluates and advises the department or management accordingly.
However, if strategy officers do not work for the whole company, they usually focus on a specific department. Some work with the human resources department, others focus on marketing, and still others focus on the brand. Even though the goals differ, the core tasks are similar. Strategy directors first review all relevant information related to goals, objectives or challenges.
Based on this data, they draw conclusions and develop a strategy to achieve goals, objectives and solve problems. This strategy is then presented and proposed. If the strategy is accepted by the stakeholders, the measures are implemented.
Depending on the area of application, different focal points are employed. Should it be digital, content or human resources strategy? In such cases, expertise in marketing, business administration and human resources is required. CareerTeam is specialised in finding exactly these differences in suitable candidates for you.
Furthermore, strategy officers are responsible for the staff in their department and distribute tasks and work capacities. Therefore, solid project management skills are required, as well as the ability to lead and motivate a team.
Teamwork is also required to work successfully with other departments. With different departments and stakeholders, conflicts of interest are inevitable. That is where problem-solving skills and analytical thinking come into play, coupled with a consistent focus on results. And last but not least, a good portion of creativity, which is reflected in many CVs of Directors of Strategy.
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