A director of strategy plans their company's overarching goals and vision. They work with other managers in the organization to achieve these goals using research, planning, and evaluation. A typical work day for a director of strategy involves a good deal of research. The director identifies trends in the market, forecasts patterns, researches the actions of competitors, and eventually formulates cohesive strategies based on this research. The final result of this research and observation is a cohesive strategy and plans that the director of strategy presents to the leaders of the company for approval. The director of strategy may also be responsible for planning training for lower-level employees in their organization as well. A director of strategy generally works full time for a single business, although they may also operate as a consultant for multiple companies on a contract basis. The director of strategy frequently works independently, although the director of strategy eventually meets with various business managers and leaders to present information and strategy.
A bachelor's degree in a relevant field is typically required for this position; a master's of business administration or equivalent higher education may also be preferred. Substantial prior experience in the organization's field is required as well. These individuals must have excellent communication, report-writing, and presentation skills; they must also work well with minimal supervision, and they need to be able to consistently meet deadlines as well.
Director of Strategy Tasks
- Identify and clarify business development needs and objectives.
- Monitor progress of the firm and competition to ensure that strategic goals and benchmarks are met.
- Advise department heads and senior management on strategic initiatives.