Business strategy and planning
Business strategy, business planning and leadership decision making require the capacity to balance what may be possible with what is achievable. In our experience the major pitfall in business strategy, business planning and business leadership is failure to implement the plan or to put in place the essential conditions for organisational or leadership success.
Make the right business decisions
Simulthink brings expertise, processes and models to help identify the possibilities as well as to make the right decisions. Along the way we work to ensure that our clients put in place the skills, systems and resources to implement their business plans and operate in the new strategic or business environment. Our success comes from transferring the skills and processes so that successful implementation of the business plan does not depend upon our ongoing involvement.
Strategic planning, business planning and business decision making need to consider many factors. Some of the typical components of our strategic planning and business planning process are outlined below.
Inspiration
comes from imagination and passion
Strategic Planning and Business Planning Components and Process
There are a range of factors to be considered in the business strategy, business planning and business leadership processes. Three key components include an analysis of the AS-IS or current state, identification of the Case for Change and development of the TO-BE or Future state. Business strategy, business planning and implementation require a disciplined approach to ensure success.
- AS-IS
- The current state or way things are.
- Services
Products
Processes
Customers
Resources
People
Systems
Operations
Finances
Competitors
Markets - A powerful force that attracts people and must be overcome.
- Case for Change
- The driving reasons and catalyst for change.
- Losing market share
Inefficiencies
Products outdated
Services no longer needed
Competitor tactics
New technologies
Declining profitability
Competitive disadvantage
Future threats
Economic factors
Political factors - Must get people motivated to act differently!
- TO-BE
- The compelling vision of the future.
- Services
Products
Processes
Customers
Resources
People
Systems
Operations
Finances
Competitors
Markets - Provides a clear and powerful description of the future.
Industry analysis
Best practice, structural forces, technology trends, regulatory factors, supplier power, threat of substitute products or services, barriers to market entry, etc.
Customer analysis
Existing customers, competitor customers, service requirements, customer profitability, customer source, buyer decision process, switching costs, etc.
Market analysis
Market trends, demographic changes, social changes, unfulfilled needs, barriers to entry, threat of new entrants, competition intensity, unknown needs, etc.
Competitor analysis
Competitive advantage, competitive disadvantage, pricing, products, services, target markets, marketing, sales, technology, capacities, etc.
Internal analysis
Financial, operations, technology, products, services, competitive advantage, staff, skills and competencies, assets, management capacity, sales, etc.
Do you need business strategy, business planning or implementation help?
Contact us to find out how we can help your business.