Introduction: We can help you get around the “track” by implementing a strategic management process in your organization. Where are you in your process development? Select an area in the process to see how we can help.

 

Why Work With Us?

“Q” RENAISSANCE Management Consultants has become a leader in strategic management services for organizations. We deliver integrated, holistically-balanced planning services for organizations of all sizes. Our services focus as much on the strategy as on the implementation. Organizations rely on us to guide them in successfully developing and implementing strategies for growth and solutions to business needs through consulting and utilization of our web-based planning system. With our services, you will save time, get focused, and achieve the long-term results you are looking for from your strategic management process.
 

Strategic Planning Process

The application of the strategic planning in business is as a result of difficult managerial decisions that comprise good and less desirable courses of action. The development and execution of strategic plans is a well-thought-out plan performed in three critical steps:

1. Strategy Formulation

In the formulation of strategies, the business assesses its current situation by performing an internal and external audit. Strategy formulation also involves identifying the organization’s strengths and weaknesses, as well as opportunities and threats (SWOT Analysis). As a result, managers, get to decide which new markets they can venture or abandon, how to allocate the required resources, and whether to expand its operations through a joint venture or mergers.

Business strategies result in long-term effects on organizational success; only top business executives understand their impact and are authorized to assign the resources necessary for their implementation.

2. Strategy Implementation

After the strategy formulation, the company needs to establish short-term goals (usually one-year goals), devise policies, and allocate resources for their execution. It is also referred to as the action stage and is the most important phase of strategic planning. The success of the implementation stage is determined by the firm’s ability to nurture an environment and a culture that motivates employees to work. A manager’s interpersonal skills are critical during this stage.

Effective strategy implementation also involves developing a functional organizational structure, maximum utilization of information systems, and redirecting marketing efforts.

3. Strategy Evaluation

Any savvy business person knows that success today does not guarantee success tomorrow. As such, it is important for managers to evaluate the performance of various strategies after the implementation phase. Strategy evaluation involves three crucial activities: reviewing the internal and external factors affecting the implementation of the strategies, measuring performance, and taking corrective steps.

All the three steps in strategic planning occur in three hierarchical levels: the corporate, middle, and operational levels. Thus, it is imperative to foster communication and interaction among the employees and managers in all the levels so as to help the firm to operate as a functional team.

Benefits of Strategic Planning

The volatility of the business environment causes most firms to adopt reactive strategies and not proactive ones. However, reactive strategies are short-term, causing firms to spend a significant amount of resources and time. Strategic planning helps firms prepare beforehand; it lets the company initiate influence instead of just responding to situations.

1. Helps formulate better strategies using a logical, systematic approach

It is still the most important benefit. Some studies show the strategic planning process makes a significant contribution more than the decision itself.

2. Enhanced communication between employers and employees

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 organizational goals.

Strategic planning also helps managers and employees to show commitment to the organization’s goals. It is because they know what the company is doing and the reason behind it. Strategic planning makes organizational goals and objectives real as the employees can understand the relationship between their performance and compensation. As a result, both the employees and managers become innovate and creative, which fosters the growth of the company further.

3. Empowers the individuals working in the organization

The increased dialogue and communication across all the stages of the process strengthens the employee’s sense of effectiveness, initiative-taking, and imagination. It explains the need for companies to decentralize the strategic planning process by involving lower-level managers. 

Our Approach to Strategic Management

Our pragmatic approach to strategic planning work includes:

• Training and full utilization of our strategic management system;
• Examining the organization’s strategic position to affirm or modify its strategic direction;
• Determining strategic priorities and specific next actions through assessments and an open, collaborative process;
• Bringing critical internal and external information into process to facilitate sound strategic decision making;
• Providing an uncomplicated, painless facilitated process based on proven strategic planning best practices;
• A process that is market-focused and incorporates the Balanced Scorecard framework;
• Ensuring continuity and alignment throughout the organization through an all-inclusive, collaborative process;
• Developing a holistic, understandable strategy that incorporates and integrates all aspects of the organization in a big picture view instead of individual silos;
• Establishing performance measures and targets for reporting, monitoring and benchmarking;
• Helping make strategic planning a habit – not just relegated to a black binder on the boss’s shelf through using our online system;
• Helping the organization rise above “business as usual” to embrace strategic and proactive activities.
 

Our Approach to Facilitating Your Next Strategic Planning Retreat

There are hundreds of strategic planning facilitators and strategic planning consultants out there. Why work with us? Here is what makes us different:

• We only focus on strategy – that is all we do.
• We have developed a repertoire of practical strategy concepts to help you develop a plan to meet your needs.
• We use only the best of strategy management process best practices.
• We do not tell you the solution to your problems or the prescribed strategy for your organization. Rather, we help you discover your own unique vision and how to take the steps necessary to turn that vision into reality.
• We build consensus so the outcomes are owned by everyone involved.
• We know your time is precious and your long-term success is paramount.
 

Strategic Planning Facilitation Services

We offer the following types of strategic planning facilitation. All are customized to fit your individual organization’s desired outcomes:

• The Complete Strategic Plan: Don’t have a strategic plan? Need to start from scratch? This facilitation package is focused on helping organizations get their plans done from A-to-Z, quickly and efficiently.

• The Strategic Plan Tune-Up: Have a strategic plan, but it needs to be dusted off or updated? This package is to get your plan on track and updated based on your current operating environment.
 

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