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Email us at info@bizwareplc.com
A good strategy is the antidote to competition. Strategic thinking is the process of developing a strategy that defines your value proposition and your unique value chain. The process includes market and competitive research as well as an assessment of the company's capabilities and the industry forces impacting it.
A strategic plan serves as a roadmap for a company's growth and sustainability. It routes the management action to the achievement of the predefined goals. Without one, organizations can lack direction, efficiency, and profitability.
Having a strategy is not sufficient, the critical part is to be able to execute the plan. According to HBR, in 2016, it was estimated that 67% of well-formulated strategies failed due to poor execution. This clearly indicates that the real challenge is not the formulation of a business strategy but the execution.
How we can help
At Bizware, we will facilitate and create an actionable strategic plan to be used for daily decision making. It can be used to implement your strategy, align the efforts of your work force, reinforce the culture of the organization, share management's view of where the company is and their vision of where the company is going, define long term and short term goals, set clear, measurable milestones that mark progress towards important goals, and define metrics that can be used daily/weekly to measure short term progress. The plan creates accountability for goal achievement.
We don't stop here; we assist you in the Strategic Plan Execution Management. This is where the rubber meets the road and where many organizations struggle. We will help you implement a system to track execution and create accountability for you and your team to execute and realize the change envisioned in the strategic plan.
Our Services
Business Plan / Business Strategy Design
Strategy Implementation Guide
Business Diversification / Expansion Plan
Strategic Plan Execution Management
FAQs
The effectiveness of a business strategy can be measured against the underlying objectives. There are strategy performance management tools such as Balanced Scorecard that can be used.
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