Description

Strategy managers look at company goals and figure out concrete, realistic methods for achieving the goals. Often, strategy managers are also involved in the formulation of the goals themselves, which means they can assist executives in deciding which goals are realistic and most beneficial for the company.Once companies decide upon their goals, strategy managers begin developing plans that include staffing and funding allocations, as well as smaller objectives and milestones; then, managers assign tasks to various departments. Strategy managers are responsible for the ongoing coordination of all objectives and projects, ensuring that they work in concert toward the common goals. This means that strategy managers create a system of communication among various groups; they often spend time traveling among various offices and groups to assess their progress.The two most important attributes that strategy managers must possess are analytical and organizational skills; they use these abilities to analyze company goals, break them into sequential, achievable objectives, assign them to various groups, and track progress. Time management is also critical, as is flexibility and the ability to adapt. Communication abilities are also key, as strategy managers are in constant communication with various groups as they coordinate activities.Companies often require strategy managers to hold at least a bachelor’s degree in finance, mathematics, statistics, or business, and prefer a related master’s degree. Strategy managers usually have five or more years’ experience in a related role as well.

Roles & Responsibilities

As a Strategy Manager with 3-6 years of experience in the AE, your main responsibilities include:

  • Collaborating with cross-functional teams to develop and implement strategic initiatives. Work closely with teams from different departments to create and execute strategic plans.
  • Conducting market research and analysis to identify growth opportunities and competitive trends. Analyze the market to identify potential areas of growth and track competitors' activities.
  • Developing and presenting strategic recommendations to senior management. Create and deliver presentations to senior executives, providing strategic insights and recommendations.
  • Monitoring and evaluating the effectiveness of implemented strategies, making adjustments as needed.

Qualifications & Work Experience

The Strategy Manager will be accountable in implementing and developing efficient strategies to meet the goals of the organization. They study the trends in the market, competitor behavior and the preferences of customers to find opportunities for growth and create new ones. Strategists work with teams from across the functional spectrum to create plans for business, improve resources, and improve efficiency in operations. They offer guidance and direction in the formulation and execution of effective strategies that increase the competitive edge of an organization and ensure it's long-term success. Successful Strategy Managers have an analytical and problem-solving skill as well as great communication and strategic thinking capabilities.

Essential Skills For Strategy Manager

1

Strategic Foresight

2

Global Strategic Thinking

3

Strategic Management

4

Strategic Planning

Career Prospects

The role of Strategy Manager is crucial for driving organizational growth and success. With 3-6 years of experience in the AE, professionals in this field have various alternative roles to explore. Here are four options to consider:

  • Business Development Manager: A role focused on identifying new opportunities, building strategic partnerships, and driving revenue growth through sales and marketing efforts.
  • Project Manager: A position that involves overseeing and coordinating projects from initiation to completion, ensuring they are delivered on time, within budget, and meet stakeholders' expectations.
  • Operations Manager: A role responsible for optimizing operational processes, managing resources, and ensuring efficient and effective delivery of products or services.
  • Market Research Analyst: A position focused on gathering and analyzing market data, conducting competitor analysis, and providing insights to support strategic decision-making and market expansion efforts.

How to Learn

The role of Strategy Manager in the United Arab Emirates is projected to experience significant growth in the market. Over the past 10 years, the job role has witnessed a steady rise in demand and relevance. According to Google, this trend is expected to continue, with an increasing number of organizations recognizing the importance of strategic planning and execution. As a result, there will be a surge in employment opportunities for Strategy Managers in the future. This implies a promising outlook for individuals looking to pursue a career in this field in the United Arab Emirates.