To be successful, companies must make bold moves to unlock new sources of growth while optimizing resources. Making the right moves involves using analysis to choose the right opportunities, and challenging traditional planning by reallocating resources—people, money, and management—to new areas.
Strategic planning is a management activity that is intended to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization's direction in response to a changing environment.
It is a disciplined effort that produces fundamental decisions and actions that shape and guide what an organization is, who it serves, what it does, and why it does it, with a focus on the future.
Effective strategic planning articulates not only where an organization is going and the actions needed to make progress, but also how it will know if it is successful.
It is all too common for strategic planning to become a revenue forecasting and budgeting activity that produces sub-optimal results or strategic inaction.
Common challenges include:
We facilitate Transformational Strategy by applying years of cross-industry experience, leading practices, and proven tools and techniques to develop a truly effective business strategy. Common areas of assistance include:
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