Successful organizations develop short- and long-term success through the constant evaluation of future-focused goals. Great organizations become great through a disciplined – and courageous – assessment of their capabilities, developing business environment, and commitment to sustained effort supported by their corporate values.
BreakPoint Solutions helps clients integrate all key components in a strategic planning process to support establishment of an effectively developed and executed strategic plan:
• Strategy Research and Incubation
• Strategy Formulation
• Strategy Execution
• Strategy Evaluation and Modification
By reviewing current operational realities and working with you to analyze current and future business realities, we provide action-oriented, strategic-focused strategy solutions to address your goals.
We tailor all of our strategy consulting engagements and recommendations to the needs, timelines, and objectives of your business. More importantly, we believe it is critically important to understand your organizational culture and values and how those impact your strategic options. Each business is different meaning each strategic plan is unique.
Strategy Research and Incubation
This represents a critical and often undervalued component of successful strategic planning. Yet a failure to truly appreciate internal strengths and challenges along with external threats and opportunities can effectively neuter a strategic plan before the ink is dry on the paper. We believe that effort spent up front in appreciating internal and external factors, including influence of organizational culture and values is not to be underestimated. Pay now or pay later is our perspective.
This effort includes consideration of political, environmental, competitive and financial forces at play over a defined time horizon. These factors are factored into strategy formulation through scenario analysis and contingency analysis. Aside from helping your business define a strategy going forward it also helps you establish a way of thinking that will promote flexibility in response as key planning parameters change during the life of the strategic plan.
Based on understanding gained in the Research and Incubation phase, options are narrowed during the Strategy Formulation phase. Whereas work had previously focused on considering a wide variety of options and opportunities, this phase is now characterized by hard choices based on defined parameters (e.g., financial resources, human resource capacity, legislative requirements, etc.).
Strategies are filtered down to a few key and critical elements that will drive organizational effort going forward. Key planning directions will then be driven down and be supported by sub-plans in key areas like finances, human resources, information technology, capital planning, and organizational design. Similarly, individual leadership accountability and timelines are established to support operational planning and reporting all in support of achieving the strategic initiatives.
Once the strategic plan is formulated it is time for execution. Preparations for executing the plan would have been contemplated in the formulation stage and in particular management of stakeholder expectations and communications planning would have already commenced prior to rolling out the strategic plan. At this stage, however, that work intensifies and is also tied to individual, unit and departmental performance expectations. Reporting frequency and formats are also established and allow for management of implementation.
Strategy Evaluation and Modification
It is said that no battle plan survives first contact with enemy forces. In a similar vein, no strategic plan can anticipate all contingencies or changes in expected behavior of competitors and other forces. However, the mindset created throughout the process noted above allows our clients to respond confidently and assertively in support of their long-term strategic goals despite short-term detours that may be required. Strategy evaluation and modification takes into account a need to evaluate the process of formulating the plan in the first place, making adjustments in subsequent efforts, and similarly ensuring that despite short-term deviations that long-term goals are still achieved.
Utilizing this approach, taking advantage of our experience in similar endeavors, and supported by your intimate knowledge of your business and competitive environment, BreakPoint Solutions can support you to achieve your long-term objectives quicker, faster and more consistently.