Territory Stories

9.1 The Board’s Strategic Directions 2016-2020 May 2016

Details:

Title

9.1 The Board’s Strategic Directions 2016-2020 May 2016

Other title

Tabled paper 1883

Collection

Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT

Date

2016-06-23

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

PowerWater

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C01846

Parent handle

https://hdl.handle.net/10070/269368

Citation address

https://hdl.handle.net/10070/436012

Page content

5. Business transformation program This section outlines the Board's response to the strategic weaknesses and threats facing Power and Water, and the under-utilised strategic strengths and opportunities. 5.1 What is corporate strategy? Identifying the strategic direction to be taken by the Corporation is the Board's responsibility. By 'strategy', the Board's focus is on Power and Water's corporate strategy. Corporate strategy is the way a corporation creates value through the configuration and coordination of its multi-market activities. The focus of corporate strategy is on what businesses a corporation is in, and how the corporate centre manages those businesses. Done properly, establishing linkages between business units that lead to economies of scope and reducing costs through the elimination of duplication in functions or services will add value to these business units. Box 5.1 expands on the difference between corporate strategy on the one hand and business and functional strategies on the other. THE BOARD'S STRATEGIC DIRECTIONS 2016-2020 23


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