Business Strategy

Business strategy for sustainable success

Are you board and senior management team working together for business strategy planning? Identifying the right strategic plan, having an implementation plan and monitoring successful implementation is vital to forming the best organisational structure and functions. One size really doesn’t fit all when it comes to successful business strategy execution.

The more complex the business and products lines the more vital it is to have a bespoke structure. Your organisation may even be a mix of different models based on the optimal design required. When it comes to setting business strategy, corporate culture and directing employees down a new road. It’s imperative you get engagement and choose the right team to implement transformational change across the group and at each business unit.

Change management is a business strategy that can be used to assist your business transition to any type of change. Moreover, with proper planning you can rapidly and effectively implement changes. Entire organisations can benefit from an organised change management training process where the changes are introduced, worked through and understood completely by every party involved in the change.

Employee engagement and buy-in is pivotal to maintain momentum towards business strategy implementation. You will also need to identify key change agents to support the transformation plans step by step. When it comes to planning, business strategy execution and communicating; sometimes an independent team can bring fresh ideas and challenge to the plans being formulated. Organisations can generally classified under four main headings:

Defenders – seek stability and usually have a very narrow range of products in a narrow segment of the potential market. Tries to block new entrants and has a centralised training function for ‘building’ human resources.

Prospectors – establish and develop new markets and try to enter before other competitors ‘acquire’ human resources. Training is limited to acquiring skills and acquire from the market.

Analysers – They wait until market conditions are viable and adopt a matrix with training functions on ‘allocating’ human resources and provide gap analysis of the skills needed and training programmes are internally delivered for employees and management.

Reactors – exhibit inconsistency in their strategies. Training and development is impacted based on the strategy employed. Miles, R. E. and Snow, C. C. (1984) ‘Designing Strategic Human Resources Systems’, Organizational Dynamics 13(1): 36-52

Business strategy planning as part of your business vision and purpose of the company

Planning for change and setting the right strategy and business objectives

Why is business strategy planning vital? Getting additional support when complex and extreme changes are in the works for your business. Furthermore, a change manager and executive coach would be the perfect complement to support your transformation team. Governance Gurus can provide your company with the change management training that you need to accomplish a seamless transition. This training will help to implement and embed strategic change. The Governance Gurus team are experienced practitioners who have successfully worked with large multi-national organisations to implement large scale change projects. These projects spanned across different jurisdictions simultaneously.

Tackling complex projects drives business strategy excellence

We thrive on working on complex and challenging change management and strategic planning projects. The best thing about working on different projects is that no organisation is the same, and even similar or equally sized businesses in the same market sector will intrinsically differ. This is the beauty of working in this space, the diversity and nuances can be subtle or clearly apparent.

Having a plan for your business strategy and corporate objectives

The corporate culture and business strategy direction will impact the route the business needs to travel. Also, momentum is required to consistency apply the mission and vision of the organisation and institutionalise the business strategy. Moreover, business strategy planning is key when it comes to formulating a business and strategic plan. It is also worth spending some time considering enterprise risk management. How to mitigate risks to secure the success of the implementation of your strategy and business plan objectives? Doing more with less but still remaining effective and meeting your objectives.

Risk management as part of business strategy

If you are not sure how to set your risk appetite and tolerances across each business unit or need advice on how to measure your risks according to set measurement then contact the experts.

We help management teams with business strategy planning to make organisational changes. Furthermore, planning is required to change your strategic direction. In the midst of a change initiative, you need a safe pair of hands to rely on. Our consulting team are just a call or email away, get in touch for assistance on your business strategy project.

Risk management and corporate governance are part of your business strategy planning

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