7S Framework

How do you know that your company is heading in the right direction? and that you will meet your objectives? These are questions that are asked time and time agian and there are many routes that can  fine tune your strtaegy and the over all business policy. Mckinsey's 7 S framework is one of the approaches that can be followed and thus steering the company towards achieng its mission, vision and  objectives. I have summarised the 7 S framework below but you can find a detailed explanation over  here.

• 'Hard' variables:
• Strategy: plan leading to allocation of resources.
• Structure: organization reporting lines, geography, etc.
• Systems: formal and informal processes used.

• 'Soft' variables:
• Staff: demographics of personnel.
• Style: behavior of managers when interacting with others.
• Skills: core competencies of the firm.
• Shared value: culture, which is actually the core element to it all.