Our Approach to Business Strategy
We take a team approach, assembling the client's senior executives for each phase of the company
strategy development process.
Assessment :
By reinforcing the organization's mission, vision, and values as a group, we create a
strategic context. Additionally, our strategy consultants assess the existing state of affairs in terms
of
internal (financial, operational, product, customer, and supply chain) and external (market, industry,
and
competition) variables as well as opportunities and risks.
Formulation :
Our management consultants work with the team to build the strategy vision, value
proposition, competitive differentiation, and strategic alternatives using a number of facilitation
techniques (e.g. develop a capability vs. make an acquisition). The creation of the high level
"strategic
tale," a strategic narrative that is potent, alluring, and simple to recall, is a part of this phase.
Specification :
The plan is now developed in greater depth by our strategy experts, including
objectives, a three-to-five-year road map, and key metrics.
Planning :
The strategy now needs to be developed in terms of tactical initiatives for strategic
growth and in-depth plans for each functional area. Along with budgetary requirements, we also develop
the
business case during this phase (operational and capital).
Execution :
Implementing the strategic plan entails designating accountability for each initiative,
managing programmes and projects, and managing organisational change.
Many business strategy efforts spend too much time preparing and not enough time taking action. In the
evaluation phase, our management consulting process corrects this by identifying the three to five most
important issues (the "critical few") and moving them swiftly into implementation. This enables the
growth initiatives to be developed quickly in parallel with the rest of the business planning process
using actionable action plans. This strategy produces quicker outcomes and highlights any executional
concerns the company may have.
