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Strategic Audit, Complete Strategy, Stategic Map

Strategy Formulation

The benefits of our approach to strategy formulation include:

Common Strategic Language

Promotes of a common strategic language and understanding within the management team

Focused

Focuses on the high leverage strategic decisions

Accurate

Is based on thorough analysis

Maintains Momentum

Helps a senior team avoid getting mired in managing the strategy formulation process

Professional Presentation

Provides a professional presentation of the facts and the strategy

 

We offer three packages:

Strategic Audit

Complete Strategy

Strategic Map

Strategic Audit Top

A strategic audit is ideal for established companies that want to evaluate and update their current strategies. In a strategic audit we help businesses address five fundamental questions:

  1. Is our current strategy viable?
  2. Are our strategic assumptions valid?
  3. Are we successfully implementing our strategy?
  4. Do our decisions support the strategy?
  5. How will we update our strategy to reflect today’s reality?

A strategic audit includes:

Written Summary

Based on interviews, research, and analysis, we summarize a business’s intended and actual strategy

Worksession

During a two-day worksession with your senior team, we evaluate the implications of our findings and develop an action plan

A detailed assessment of the viability of your current strategy. Requires two to six weeks. $15-40K

Complete Strategy Top

In a complete strategy the following questions are addressed:

    1. What business are we in? (Business Concept)
    2. In what markets do we compete?(Market Scope)
    3. What sets us apart and makes customers choose us? (Differentiation Logic)
    4. How do we grow? (Growth Logic)
    5. How do we make profits? (Profit Logic)
    6. What processes, resources and functions are essential for us to excel at/ control/protect? (Capability Logic)
    7. What key assumptions must we test?(Strategic Hypotheses)
    8. What will we do to implement this strategy? (Strategic Initiative Portfolio)
    9. How will we structure our key capabilities to implement this strategy?(Functional Strategies)
    10. How will we communicate this strategy? (Communications Plan)
    11. How will we monitor and update this strategy? (Monitor and Update)

A complete strategy includes all of the elements shown in the diagram, The Art and Science of Business Strategy: Developing and Implementing Business Strategy. A typical engagement requires five to eight months. $80 - $325K

Strategic Map Top

Some businesses choose to limit an engagement to the first half of the strategy formulation process–to develop a strategic map that does not include a detailed implementation plan. This includes questions (1) to (8) above. Requires two to three months. $60-125K

 

 

 

 

 

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