OUR TOOLS
OUR APPROACH TO STRATEGY IS BASED ON THE WORK OF KAPLAN AND NORTON.
How do we start developing a strategy?
Strategy
Our approach to strategy is based on the work of Kaplan&Norton.
Strategy is an informed planning and execution process through which a company delivers against its vision and shareholder mandate. Whilst the vision of the company comprises of what needs to be achieved, strategy is the how it will be achieved. Strategy is implemented through tactical action plans, operational plans and strategic projects. In assisting companies in the development of their strategies, we make use of the Balanced Score Card or similar proven approaches. We also assist companies to cascade their strategies to functional, departmental and/or team level. We also ensure that the strategy is integrated into the company's performance management process.
Development starts with a clear
understanding
of where the business
wants to go i.e. the vision). Whilst the vision provides direction, the strategy sets out
what needs to be achieved.
As part
of our strategy work we often engage in
activities such as environment scanning, PESTEL or
SWOT analyses and scenario
planning. A critical
aspect
of strategy development is
to ensure that the Balanced
Score Card and strategic
initiatives
are defined
with accountabilities,
action plans and timelines.
A balanced score card in developing
a company's strategy.
Strategy implementation
Strategy
is only as good as its implementation. We can develop and document the world's
best strategy, but if
it does not guide
the organization towards achieving
its vision, it is worthless. We strive to cascade the strategy from a company or enterprise
level to functional and operational
strategies.
Each function or department is then able to understand its
role in achieving the vision through our strategy development method. Once the strategy has
been cascaded to operational level it can be
further
CORPORATE STRATEGY - continued broken
down
to a team or individual level,
forming measurable individual goals and objectives.
Our strategy work can be followed by a review of the organizations
structure and processes. We are
also able to develop strategy dashboards which enable the organization and/or
its functions to measure progress against strategic objectives.
Often we are asked to refine or develop the company performance management system to ensure that the strategy is actioned.
Call
one of our consultants to find out more on how we can assist your organisation to:
- Develop mission and visionstatements
- Create a strategy that can be easilyimplemented
- Conduct are source analysis
- Craft a functional integration plan
- Develop performance management systems
- Develop reward and recognition plans aligned
to strategy
- Develop strategy dashboards
