An organization with a well-thought-out strategic plan is an organization with clear objectives, and a commitment to achieving those objectives. The nature of your company’s objectives and your track record for achieving them is important to your investors, customers and employees. Setting and achieving the right objectives can distinguish your company from its competitors.
We have a four-step approach to strategic planning that will help your organization envision and achieve powerful breakthrough results:
Review the Current Situation
Confirm or develop the mission, and vision; review past results, marketplace, competition
Envision the Future
Choose one or two breakthrough objectives to push beyond what are likely results based on current strategy and business momentum
Identify Breakthrough Strategies
Brainstorm multiple strategies and select the appropriate ones needed to achieve the breakthrough objectives. For each of the breakthrough strategies selected, identify action plans, resources needed, and metrics for measuring success
Execute the Strategies, Evaluate Results and Plan Next Steps
We stick around for the implementation phase on many engagements
Corporate strategy is all about setting the right future vision, mission, and organization to continually re-invent and sustain corporate performance even in fast-changing and global markets. This requires strategic foresight to identify new opportunities and trends in existing businesses, and the ability to align the business portfolio accordingly, while also initiating activities that encourage innovation. And a good corporate strategy not only provides a framework for governance, but also empowers those who must design and implement the strategy.
Because a typical corporate portfolio comprises more than one business, the corporate strategy must also establish the right business portfolio. This often requires evaluating every business unit within the context of its DNA—Desire, Need, and Ability—either to shape its industry or adapt to its industry, doing so while considering industry predictability.
As a multi-faceted consulting firm, Alpraxis brings a wide range of functional experience and project success to its clients. We have helped business units develop scenarios to frame their strategic planning processes, as well as to perform market and technology assessments, redesign planning and budgeting processes, develop appropriate metrics and governance processes, and redesign their organizational structures. Our work includes creating strategies for organic growth (internally generated growth).
For many firms, supply chain optimization becomes increasingly important as markets mature or become more competitive. We have particular expertise in redesigning and optimizing the supply chain. Lean supply chains and demand-driven strategies can have significant impact on the economics of a business model.
On the marketing side, we have extensive experience in developing go-to-market strategies internationally, improving logistics with retailers, optimizing store-shelf strategies, and transforming the customer experience. We work with service companies and product companies to improve segmentation strategies, delivery methods, and gain a better understanding of cost-to-serve or the cost of growing a market position.
An uncertain world presents challenges for all companies. Changing socio-economic, technological, and regional trends, globalization of emerging countries, localization of regional markets, and Big Data that connects everyone. While the opportunities are abundant, so are the challenges for companies not agile enough to capture the opportunities or escape the threats.
Research suggests that managers underestimate the range of possible future events and their impact. For most, forecasting the future consists of “straight-lining the past” or transposing past experiences into the future, but never longer than three to five years. The result, of course, is not surprising. When a sudden discontinuous trend occurs, contingency plans are not in place and triggers have not been defined—so the response is slow.
Strategic foresight is more art than science and a capability that our specialized consulting teams do much more frequently than individuals within a company. Over the years, Alpraxis has developed a unique approach to strategy that combines methodology with creativity and action. We help our clients consider the future in unconventional ways, and to assess and prioritize new trends that shape the future.
We align the perspectives of all participants to turn scenarios into executable actions, thus allowing a company to move faster and to combine external knowledge and resources. The process can be made to match any industry time horizon or product life cycle. In an uncertain world, the value of strategic foresight to drive change and competitive advantage cannot be underestimated.