Strategy
Strategic Thinking
Strategic thinking is essential for good business outcomes. Strategic thinking skills enable us to use critical thinking to solve complex problems and plan the future. To be an effective organization, strategic thinking must permeate all levels of your enterprise.
Strategic Leadership
Strategic leaders should be visionaries, with the ability to inspire and influence others to have a strategic outlook, think out of the box and make decisions which are beneficial to the organization for the long haul. They should be bold and futuristic, with an analytic mindset and the ability to seize opportunities as they unfold. It is often difficult to find the right people with all the strategic leadership skills or qualities you may desire, but with training and mentoring you can develop your leadership team.
Strategic Planning & Execution
In strategic planning, the relevant stakeholders will come together to do systematic planning and discussion to arrive at a consensus on the vision and mission as well as the goals and strategies to build a better future for your organisation. This process is a road map for charting your pathway for your business goals. It is also imperative to have an execution plan to complement your road map.
Value Creation
Today’s business leaders like to focus on value creation and a value-creating business model to differentiate themselves from the competition. With the Covid-19 pandemic, a value creation plan is even more important for ensuring a good Post-Covid growth trajectory.
Cost Containment
The judicious use of cost containment strategies is quite often lacking in many businesses. Business leaders must make sense out of cost containment or cost cutting strategies as it can be a double-edged sword. Cost reduction can have deleterious effects if not administered well. Sometimes, it may be better to couple cost containment with business growth strategies.
Profit Maximisation
It is often difficult to plan for profit maximisation in a profitable business. However, there must be a strategic plan on how to improve or sustain the profits of a business, especially when costs are rising at a rapid pace. Moreover, there are also challenges to profit maximisation in a competitive business environments.
Reputation Management
All businesses ought to look at their reputation or perceptions of your stakeholders and translate these understandings into reputation strategies to grow your business. Studies have shown that businesses with a strong reputation enjoy significant growth compared to those with lower ratings. You can employ a variety of strategies to manage your reputation scores.
Organisational Transformation
Organisational transformation is not merely a change process. It is a strategic method of getting your organization from where it is now, to where it needs to be, in order to evolve and grow or make quantum leaps in its performance. Organisational transformation involves three main areas: people, processes, and technology. Transforming your business will position your organization for growth and greater profits. Organisational transformation is not a unidirectional change process; it often involves top-down, bottom-up and cross-functional strategies.
All businesses ought to look at their reputation or perceptions of your stakeholders and translate these understandings into reputation strategies to grow your business. Studies have shown that businesses with a strong reputation enjoy significant growth compared to those with lower ratings. You can employ a variety of strategies to manage your reputation scores.
Organisational transformation is not merely a change process. It is a strategic method of getting your organization from where it is now, to where it needs to be, in order to evolve and grow or make quantum leaps in its performance. Organisational transformation involves three main areas: people, processes, and technology. Transforming your business will position your organization for growth and greater profits. Organisational transformation is not a unidirectional change process; it often involves top-down, bottom-up and cross-functional strategies.