Why the Thread of Success is compatible with common management methods such as the St. Gallen Management Model
Management methods and models are an essential tool for companies to manage and shape their organizations. They are used to plan, implement and monitor structures, processes and strategies in order to achieve organizational goals. There are countless management models that are based on different theories and principles and can vary depending on the specific needs and context of the company. In addition, many management consultancies have their own approaches and philosophies.
A well-known and widely used management model is the St. Gallen Management Model (SGMM). It was developed by the University of St. Gallen in Switzerland. The St. Gallen Management Model views the organization as a system of interconnected parts and emphasizes the importance of understanding and considering these connections when designing management strategies.
In the SGMM, the desired success is defined by the company’s mission and vision, which determine the fundamental goals and the general course.
In the SGMM, this includes taking all relevant stakeholders into account, both internally (such as employees and managers) and externally (such as customers, partners and society as a whole). It is important to understand and manage their expectations in order to build and maintain positive relationships.
In the SGMM, this means creating strategies and plans based on the vision and mission and taking into account the company’s various resources and competencies as well as the expectations of stakeholders.
In the SGMM, this includes the implementation of strategies and plans, the management of processes and the design of structures and systems that support implementation.
In the SGMM, this includes the constant review and evaluation of the company’s performance, the measurement of stakeholder satisfaction and continuous improvement and innovation.
Overall, the Thread of Success supports the SGMM by providing a structured approach to goal achievement and performance improvement that emphasizes consideration of stakeholder expectations and the need for planning, implementation and review. Both concepts place great emphasis on interaction and relationship management with stakeholders, which is a key element for long-term success.
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