Strategy Development and Deployment
A strategy outlines the long-term direction of an organization and determines how resources should be allocated to satisfy shareholders, customers, employees, and communities in order to realize sustainable competitive advantage.
Whether it is a macro corporate strategy or one that is specific to a function, operation, or business unit it is wise to start by analyzing the current state, outlining SWOT analysis, examining the market and competitive environment, anticipating changes in the market or industry, and drawing a path to a future state.
In today's environment, change is happening so frequently that a long-term strategy set in stone may not be feasible. Future is very difficult to predict so strategies should be reviewed, updated, and communicated frequently.
Many strategies fail because they may not be clearly defined, open to interpretation, have incorrect assumptions, not inclusive of different functions or operations, rely on unproven technology, and lack a customer-centric approach. They may also set up unrealistic expectations and under estimate the efforts and resources required.
A strategic architecture outlines a number of initiatives and changes needed to move the organization from a current state to better future state. Components required to form a successful strategy should include elements related to people, process, technology, and data.
If you are seeking a winning strategy, redefine your current strategy, or even recast your strategic plans then you can relay on sayAplus which has a track record in setting up and reshaping successful business strategies.