week 4 Journal

Bipin Lamichhane

Strategy impact and choices

Week 4

Assignment question

a)      Who is strategist? Describe the main types of jobs that have strong strategy element?

b)      What`s  the difference between strategic planners and a strategy consultant?(use your own words or referenced quotes)

c)      What were your answer to question 1 and 2 on the group exercise this week?

d)     You need to start preparing for week 5. See if you can find your own first strategy job advert right now and post it as a picture or attachment to this week’s learning journal entry.

Answers

a)      Strategist are the one who plans, innovates, judges, and finally execute the strategy for company, industry or any business sectors are strategist. The strategists are of mainly two kinds. One is internal and other is external. Internal strategist are the managers, CEO or any position holding body to the organization and external strategist are experts and hire by the company.

The main types of job that has strong strategy element are financial managers and CEO of Business Company, security head in military, ministers and political leader of country.

b)      Strategic planner is that personnel who plans strategy for their own company. They can be managers, top level supervisors or CEO of company. But strategy consultant is personnel external to the company. They do not hold any position in the company but are hiring to develop strategy for the company.

c)      For question 1,

Field                                     Name of Strategist

Business leader                  Suraj Baidyya(Owner of Baidyya organization and Chief of        Nepal chamber ocommerce )   

                                   

Sport manager                       Megraj K.C (Manager of Three Star Club)

Civil rights campaigner       Annuradha Koirala(Fight against sex slavery, CNN Hero 2010)          

Muscians/ Writer /flim maker    Danny Boyle (Director of” Slum dog millionaire”)     

For question 2,

I think I would I like work as financial strategist in bank or financial institutions. I think I have good knowledge about financial system and exchange rate policy which is very useful for making strategy. I have also knowledge about stock and capital market.

I think I need to work on gaining real life experience and studying more case studies about the financial strategy build in world top companies. I should acquire more information and knowledge about macro economics and their factors.

d)     I found a job in Alcoa`s Corporation and the details are mentioned below.

       *Manager, Corporate Financial Analysis and Strategy~

We are looking for a Manager, in the Financial Planning and Analysis group to provide Strategic Outlook and Business Analysis at Alcoa's Corporate Center in Pittsburgh, PA.

The position within the Strategic Business Analysis and Planning area provides an opportunity to be part of a key organization which specializes in dynamic and proactive analysis, working with senior management to drive sustainable improvements in business results.

Key responsibilities include:
* Develop, maintain and update financial and business models that forecast business performance under various economic conditions and market scenarios
* Synthesize business insights derived from analysis into high impact and targeted recommendations and presentations for senior management review and decision making
* Gain in-depth understanding of Alcoa's segments and business drivers and recommend improvements 
* Drive financial performance target setting through business and competitor analysis as well as external benchmarks
* Analyze markets, products, and customer profitability and recommend actions to improve business results
* Lead process improvement projects to achieve world-class performance 
* Critically evaluate capital requests for strategic alignment and bottom line potential
* Collaborate with Executive, Group and BU management on ad hoc analysis
* Work with BUs, corporate leaders and consultants to identify and solve emerging strategic and operational issues

INTERNAL EMPLOYEE NOTE: The job grade for the opening may be 20 or 21 depending on experience. 

* Strong Excel, systems & presentation skills 
* Excellent written and oral communication skills
* Strong interpersonal skills and team orientation
* Ability to thrive in a fast-paced, deadline-oriented environment
* Attention to detail
* Desire to build a strong understanding of the business
* Passion for leading positive change throughout the organization
* Proactive in identifying problems and recommending solutions 

                                                                          

Job Summary

Company

Alcoa

Location

Pittsburgh, PA

Industries

Manufacturing - Other

Job Type

Full Time

Employee

Years of Experience

2+​ to 5 Years

Education Level

Bachelor's Degree

Career Level

Manager (Manager/​Supervisor of Staff)

Job Reference Code

10605BR

References

·         Robert Kaplan and David Norton (3^rd Edition, 2000). The Strategy- Focused Organization. Harvard Business School Press.

·         Gerry Johnson and Kevan Scholes (9^th Edition, 2011). Exploring Strategy: Text and Cases.  Publisher, Financial Times/ Prentice Hall

·         LinkedIn