Competency Details ( Strategy Formulation )

Refine Your Search

...

Loading...

Home Page

Competencies

Jadarat Dictionary

Strategy Formulation

Efficiency Technical Competency

Uses the knowledge of the financial sector and market, and own ability to utilise strategic analysis, to assess the internal and external business factors, opportunities and constraints, in order to formulate overall organizational strategy, identify future strategic and operational goals, and develop tactical plans; defines the best course of action that guarantees the achievement of short and long-term organizational goals.

Jadarat Code: T53

Level 1

Demonstrates basic understanding of the financial sector and the current economic trends and drivers, and how they impact the business. Shows basic knowledge and awareness of the different business factors, and is able to research and initiate some basic documents to assist the team and the department in the strategy formulation.

Level 2

Possesses specialised knowledge and understanding of the financial sector, the current economic trends and drivers, and the key factors affecting the business. Assists the team in the initiation and development of business plans and strategy documents, and is able to recognize the future strategic and operational goals of the organization.

Level 3

In-depth understanding of the financial market and uses own strategic analysis skills and knowledge to assess the internal and external business factors. Applies deep understanding of the business vision and mission to develop parts of the business plan and strategy documents. Cascades the strategy down to the teams level.

Level 4

Utilizes full knowledge of the financial sector, the leading market trends, drivers, and business factors to define the best course of action to meet the challenges that may impact the business. Provides expertise across the departments and leads the formulation of the organization's short- to long-term strategy, in coordination with the internal and external stakeholders.

Level 5

Applies subject matter expertise to guide and oversee the development and implementation of business strategy and plans, and to enhance and develop the future strategic and operational goals of the organization, to guarantee the achievement of long-term organizational goals. Provides expert knowledge to influence the direction of the strategic business planning.