Strategic Planning
- Defining your organization's mission, vision and fundamental values
- Targeting potential business arenas and explore each market for emerging threats and opportunities
- Understanding the current and future priorities of targeted customer segments
- Analyzing the company’s strengths and weaknesses relative to competitors and determine which elements of the value chain the company should make vs. buy
- Defining stakeholder expectations and establish clear and compelling objectives for the business
- Identifying and evaluating alternative strategies
- Developing an advantageous business model that will profitably differentiate the company from its competitors
- Preparing programs, policies and plans to implement the strategy
- Establishing supportive organizational structures, decision processes, information and control systems, and hiring and training systems
- Allocating resources to develop critical capabilities
- Planning for and respond to contingencies or environmental changes
- Developing process to monitor performance