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Strategy should be simple but it's rarely easy. All too often the challenges of strategy development and implementation result in a business as usual approach, incrementing the previous plan by 10%.
Strategy is the pattern of ideas connecting the present with the future. More specifically, strategy describes how an organisation creates value for shareholders, customers and employees. The reason why strategy is so important is that it determines how resources such as time, effort and money are allocated. Simple strategies generally work best, but identifying these and achieving the most effective resource allocation is rarely easy.
The allocation of resources needs to be aligned to make the most profitable use of them. This may sound obvious but it can be very challenging in practice. For example, departmental activities such as production, human resources and marketing need to be aligned not only with each other, but also with the business plan as a whole.
A misaligned organisation is like a misfiring engine; it probably still runs but it’s not particularly efficient and it's likely to break down.
Most organisations have a strategy of sorts but it is often implicit, weak or disconnected. From a corporate governance perspective, a good strategy results in an appropriate balance of risk and return.
Strategy development requires discipline and objectivity. The leadership team normally develop the organisational strategy and individual departments prepare functional strategies. An integrated, cross-functional approach ensures that plans are aligned and promotes understanding throughout the organisation.
A variety of techniques can be used to develop and describe strategy ranging from traditional business plans to graphical representations such as strategy maps.
The ability to measure progress is key. After all, if you can't measure it, you can't manage it.
We can work with you at a variety of levels, as appropriate to your business:
We are flexible and will tailor our service to your needs. We will avoid academic jargon but will make use of world class models and techniques. As a small organisation, your business really matters to us; we promise value for money and a high quality, professional service.
Describe what your organisation is attempting to achieve and what matters to you.
Review customers, competitors, market trends and all aspects of your business.
Identify and evaluate opportunities; decide the best balance of risk and reward.
Develop distinctive customer value propositions to take the focus off price by explaining the superior value of your offering.
Ensure that departments and individuals have sufficient resources and are all working towards the same goals.
Make strategy everyone's job. Ensure that the links between departmental plans and organisational plans are accepted and understood.
Identify and measure the key areas of business performance which enable the strategy to be realised - including difficult to measure soft areas such as culture.
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