In most of the successful organizations across globe, top
CEOs are re-evaluating their business strategy. This is driven by drying up of traditional
sources of growth. New regulations, slow consumer demand, and stale operating
models are posing new challenges every day. There are major shifts in global demographics
and economics; and dynamic breakthroughs in technology impacted every sector in
the economy.
An organization’s future success is dependent on its
ability to develop and execute strategies that effectively take into account a
number of factors including its customers, suppliers and the policy and
regulatory landscape.
Big decisions faced by both public and private-sector
organizations need to be informed by a strong evidence base, leading-edge
insight and robust analysis that demonstrate how different choices are aligned
to strategy.
Effectiveness of the strategy depends on the kind of
choices one makes. It must help stretch and sharpen organization’s ambition –
grounded firmly in the realities of the marketplace, the capabilities of the
organization and the goals of their stakeholders.
Strategic services
There are many challenges an organization faces due to
diversity and dynamisms. Some of the strategic services include the following:
- Corporate Strategy - Define and evaluate corporate and business unit strategies and investment portfolios, reflecting market, competitive and other external drivers.
- Strategic Planning - Develop and deploy actionable strategic planning capabilities linking your vision and strategies to priority initiatives, investments and KPIs
- Merger and acquisition strategy - identifying potential new M&A opportunities
- Organic Growth strategies – helping clients to select and grow into new adjacent markets that align with their organization’s goal
- New Business opportunities – determining new capabilities and new market opportunities for clients to capture, often requiring disruptive innovations in existing or new markets
- Defining international and emerging market strategy – highlighting new international markets to grow into and the optimal entry strategy
- Enterprise profitability - Evaluate enterprise cost performance levers across front and back office functions and processes, and define an actionable plan on how they can be improved to achieve significantly better financial performance (EBITDA, ROI, ROA)
- Performance Alignment - Align leadership model to strategic priorities, performance drivers, risks, and behaviors to close the gap between business strategy and execution and achieve transformational change.
Strategy forms backbone of any organization. Every
decision or choice made determines the future success and failures. Thus it is
always in the interest of the top management to invest systematically in this
direction. Always remember, a good strategic start is half battle won.
About Author:
Harsh Saraogi is consultant and part of Systems Plus Pvt. Ltd. He is a part of consulting team that delivers Sourcing and Vendor Management Office projects. He can be contacted at: harshvardhan.s@spluspl.com
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