We develop and implement your strategic plan.
Strategic planning is an organisational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organisation’s direction in response to a changing environment.
It becomes a disciplined effort that produces fundamental decisions and actions that shape and guide what an organisation is, who it serves, what it does, and why it does it, with a focus on the future. Effective strategic planning articulates not only where an organisation is going and the actions needed to make progress, but also how you will know if it is successful.
Communication is crucial to the success of the strategic planning process. It is initiated through participation and dialogue among the managers and employees, which shows their commitment to achieving organisational goals
Why Strategic Planning?
Developing strategy takes time and resources. It requires the time and commitment of some of the most highly paid and highly experienced people in the organisation. So, if people in the organisation are not willing to invest into what is needed, then it is not worth doing it. Poor planning is often worse than no planning at all. Strategic planning is a process to determine or re-assess the vision, mission and goals of an organisation and then map out objective (measurable) ways to accomplish the identified goals. Strategic planning is a thorough self-examination regarding the goals and means of their accomplishment so that the enterprise is given both direction and cohesion.
The Value Propositions
To set direction and priorities.
First and foremost, you need a strategy, because it sets the direction and establishes priorities for your organisation. It defines your organisation’s view of success and prioritises the activities that will make this view your reality. The strategy will help your people know what they should be working on, and what they should be working on first. Without a clearly defined and articulated strategy, you may very well find that your priority initiatives - the ones that will drive the highest success - are being given secondary treatment.
To get everyone on the same page.
If you find that you have departments working to achieve different aims, or going in different directions, you need a strategy. Once you define your strategic direction, you can get operations, sales, marketing, administration, manufacturing, and all other departments moving together in sync to achieve the organisation’s goals.
To simplify decision-making.
If your leadership team has trouble saying no to new ideas or potential initiatives, you need a strategy. Why? Your strategy will have already prioritised the activities necessary for success. Priorities make it easier to say no to distracting initiatives.
To drive alignment.
Many organisations have hard-working people putting their best efforts into areas that have little to no effect on strategic success. They’re essentially majoring in the minors - because their activities aren’t aligned with the priorities. Your strategy serves as the vehicle for answering the question, “How can we better align all our resources to maximize our strategic success?”
To communicate the message.
Many leaders walk around with a “virtual” strategy locked in their heads - they know where their organisation needs to be and the key activities that will get it there. Unfortunately, the strategy isn’t down on paper and hasn’t been communicated thoroughly. As a result, few people are able to act on it.
Promotes Motivation and Innovation.
Strategic planning involves managers at top levels. They are not only committed to objectives and strategies, but also think of new ideas for implementation of strategies. This promotes motivation and innovation.
Helps formulate better strategies using a logical, systematic approach.
This is often the most important benefit. Some studies show that the strategic planning process itself makes a significant contribution to improving a company’s overall performance, regardless of the success of a specific strategy.
Strategic planning is a process to determine or re-assess the vision, mission and goals of an organisation and then map out objective (measurable) ways to accomplish the identified goals.
How We Do It
We understand that within an organisation there is a series of goals of different kinds and on different levels. To create a strategic plan, we define what is important to achieve and then set the goals around them. The goals that concern organisations the most are typically company relations with stakeholders, the strategic goals we usually develop over several years. However, as strategies only work if they are implemented and executed appropriately, we ensure practicable programs are therefore formulated. Our programs can be related to several elements, but they all are centralised into unified strategic plan.
We are a specialised risk management consultancy implementing the latest technologies and best practices for businesses to manage their risks, build their business resilience and accelerate their growth.
The strategic planning process requires considerable thought and planning on the part of a company’s upper-level management. Before settling on a plan of action and determining how to strategically implement it, executives may consider many possible options. In the end, a company’s management will, hopefully, settle on a strategy that is most likely to produce positive results, and that can be executed in a cost-efficient manner with a high likelihood of success, while avoiding undue financial risk. Below are the steps we perform in the development and execution of our strategic planning services:
The Vision of Eagle Edge is to be the catalyst for risk transformation, resilience creation and growth acceleration of our client's enterprise value. We turn risks into opportunities.
Firms that make strategic plans have better sales, lower costs, higher EPS (earnings per share) and higher profits. Firms achieve financial benefits if they make solid strategic plans.
In the world of globalisation, firms which have competitive advantage (capacity to deal with competitive forces) capture the market and excel in financial performance. This is possible if they foresee the future, Future can be predicted through strategic planning. It enables managers to anticipate problems before they arise and solve them before they become worse.
Strategic planning provides information to assess risk and frame strategies, to minimise risk and invest in safe business opportunities. Thus, chances of making mistakes and choosing wrong objectives and strategies are reduced.
Beneficial for Companies with Long Gestation Gap.
The time gap between investment decisions and income generation from those investments is called gestation period. During this period, changes in technological or political forces can disrupt implementation of decisions and plans may, therefore, fail. Strategic planning discounts future and enables managers to face threats and opportunities.
Optimum Utilisation of Resources.
Strategic planning makes best use of resources to achieve maximum output. Effective allocation of resources, scientific thinking, effective organisation structure, co-ordination and integration of functional activities and effective system of control, all contribute to successful strategic planning.