Job Overview:
As a Strategy Manager, you will serve as a strategic advisor to Division Leaders by offering data-driven insights and solutions to complex challenges. You will play a pivotal role in defining long-term strategic objectives and translating them into actionable initiatives. The position requires a strong analytical mindset, leadership in strategic planning, and the ability to guide senior leadership through decision-making processes.
Key Responsibilities:
1. Problem Analysis & Data Interpretation:
- Leverage traditional strategy frameworks and an open, inquisitive mindset to tackle problems and identify business opportunities.
- Analyze complex datasets, summarize key findings, and provide actionable insights to decision-makers.
2. Strategy Development & Implementation:
- Investigate strategic paths forward using internal data, external benchmarks, and interviews with stakeholders.
- Partner with cross-functional teams to present recommendations, align on strategic directions, and secure buy-in from senior leaders.
- Use critical thinking to weigh trade-offs, resource needs, and competencies, and guide leaders to make informed decisions.
3. Strategic Planning:
- Lead the annual strategic planning process, designing the approach, ensuring deadlines and deliverables are met, and overseeing the development of action plans.
- Coordinate timelines and logistics for strategic planning across multiple departments and teams.
- Implement a Strategy Scorecard to track goals, progress, and accountability for both short-term and long-term initiatives.
4. People & Consultant Management:
- Manage and mentor a team of professionals, providing guidance on strategic analysis, planning, and execution.
- Make key decisions that have a company-wide impact, balancing operational efficiency with broader business goals.
- Foster a high-performance culture, ensuring that your team is aligned, motivated, and held accountable for achieving organizational objectives.
Qualifications:
Required:
- Bachelor's degree in a relevant field.
- 8+ years of professional experience in management consulting, corporate strategy, or private equity.
- 5+ years of experience in corporate strategy or management consulting, with a track record of guiding high-level decision-making.
- 2+ years of experience in financial analysis, including proficiency with P&L management and financial modeling.
Preferred:
MBA or equivalent advanced business education is preferred.
Travel Requirements:
20% travel, as required.
Stryker Corporation is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, disability, or protected veteran status.
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Frequently Asked Questions
Highland Park's proximity to Chicago intensifies competition for Strategy Manager positions, especially at top firms like Stryker. Candidates with strong consulting backgrounds and analytical skills tend to stand out, given the area's concentration of healthcare and tech companies seeking strategic leadership.
Strategy Managers in Highland Park must navigate a dynamic blend of healthcare innovation and established industrial sectors. Balancing data-driven insights with diverse stakeholder expectations amid rapid market shifts requires adaptability and cross-functional collaboration.
A Strategy Manager excels by combining deep analytical prowess with leadership in strategic execution. Unlike general strategists, they often lead cross-departmental planning, own financial modeling responsibilities, and directly influence senior leadership decision-making.
Many Strategy professionals advance from analyst roles to managerial positions, eventually moving into director or VP strategy roles. Building expertise in financial analysis, stakeholder management, and strategic frameworks is crucial for long-term growth.
Strategy Managers in Highland Park can expect annual salaries between $110,000 to $140,000, reflecting local market demand and the healthcare sector's premium. Compensation often includes bonuses tied to strategic goal achievement and company performance.
At Stryker, Strategy Managers operate within a culture emphasizing innovation and cross-functional teamwork. This environment fosters collaborative strategy development and requires adaptability to fast-changing healthcare markets and technologies.
Stryker’s Strategy Managers uniquely blend healthcare sector expertise with rigorous data analysis, often impacting large-scale medical technology decisions. The role demands close interaction with senior leaders and a focus on long-term strategic planning in a highly regulated industry.
Proficiency in financial modeling and P&L oversight is vital for Strategy Managers, enabling them to evaluate trade-offs effectively and guide resource allocation. This skill set underpins informed decision-making and supports the development of actionable strategic initiatives.
While an MBA is highly valued in Illinois, especially near corporate hubs like Highland Park, certifications in data analytics or project management can boost candidacy. These credentials complement traditional consulting experience and enhance strategic problem-solving capabilities.
Expect moderate travel, typically around 20%, to engage with cross-functional teams, attend strategic planning sessions, or liaise with stakeholders across different locations. This travel supports collaboration and ensures alignment on key strategic objectives.