Who is a Business Strategist – Roles and Responsibilities

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business strategy professional

A company’s strength is defined by business strategists. Having a company that runs by good strategy is more important than ever. It has become important for companies to have executives who will be able to guide their business strategies and take them to the right destination.

The weakness of poor strategic planning still runs in several organizations, thus the downfall of businesses. However, the age of agility is transforming businesses drastically. Having said business strategist holds a huge impact towards providing major deliveries for organizations. Not following the right strategy may incur huge losses for the business.

Simply put, business strategist is someone who has the capability of planning things and achieving them. They are also called as professional opportunists. Getting themselves involved in planning the best strategy and making attempts in fulfilling these goals are some of the best traits of a business strategy professional.  Though it may sound easy, the role of a business strategist is challenging. There are leaders who come up with great ideas and visions.

As a business strategist, these ideas are being taken up by them to which plan are being made around and eventually execute these ideas and turn these ideas into reality — the reason these visions and ideas become successful. If you look at it in a simple way, the core responsibility of a strategist is to bring out the best implementation of these ideas in order to achieve the desired goal.

Roles and responsibilities of a business strategist:

  • These experts help companies determine their set targets, prepare strategic plans accordingly and ensure that is executed properly.
  • Strategists have the capability of using fact-based analysis that further help identify their own industry shift.
  • They must have the skillset that helps in articulating the factors affecting and inputting the problem.
  • Develop clear set of plans and actions and being able to execute it.

According to McKinsey, they have come up with an analysis of different facets of strategists based on their signature guide.

The architect (40%) – they are competitive advantage officer, a performance challenger and a business developer.

The mobilizer (20%) – experts with strategic capability building, performance challenger and projects deliverer.

The visionary (14%) – they are the trend forecasters, innovators and business developers.

The surveyor (14%) – this category carries the trend forecaster, business developer and government or regulatory strategist.

The fund manager (12%) – they’re the portfolio optimizer, resource relocator and decision -process facilitator.

Being a strategy professional it is quite tough to craft these skills. Having said, strategists have ample of options on how they can add value to their organization. Even so, as a strategist these are the range of responsibilities that every strategy professional must possess. The job of a strategist is challenging but productive.

Business strategist future prospects is ever expanding and will remain in-demand as the economy keeps changing. At its best, job opportunities can be great to lead a successful strategic planning career. Are you all set to grab a business strategic job today?