Business Strategy Consulting
Strategic planning is a management process for evaluating your current business, determining your strategic direction, and laying out a roadmap of strategic initiatives. A strategic plan explains why an organization exists, what it intends to accomplish, and the tactics it will take to achieve its goals and objectives.
Our Approach to Strategy Consulting
Our approach is collaborative, forming a team with key leaders within the client’s organization, and developing the business strategy in five main phases.
Together, we reaffirm the organization’s mission, vision, and values, establishing a strategic context. Our knowledgeable consultants also evaluate the current situation in terms of internal factors (financial, operational, products, customers, and supply chain), external factors (market, industry, competition), opportunities, and threats.
Using a variety of facilitation tools, our management consultants collaborate with the team to formulate the strategic vision, value proposition, competitive differentiation, and consider alternatives (e.g. develop a capability vs. make an acquisition). This phase includes development of the high level “strategic story,” a tactical narrative that is powerful, compelling, and easy to remember.
Our consultants now develop the roadmap in more detail in terms of objectives, a three to five-year plan and key metrics.
Now the strategy must be fleshed out in terms of calculated growth initiatives along with detailed plans for each functional area. In this phase, we also build the business case and along with budgetary requests (operational and capital).
Carrying out the strategic plan includes assigning responsibility for each initiative, program/project management, and organizational change management.