Blockbuster, Atari, Converse and Encyclopedia Britannica are four companies atop of business school case study list that did not effectively evolve to meet the needs of their customers. Customer wants and needs change over time, and companies must constantly evolve and adapt to survive.
The threat of new entrants and the threat of substitution are two areas these four companies should have paid closer attention.
How about your company?
Companies that build a strategic planning "system" are better able to weather the economic ups and downs, and potentially evolve throughout the years. What about when a company's poor decisions or lack of ability to evolve ultimately lead to its own decline?
At Butler Street, we're operating executives that have built industry-leading strategic plans across four distinct industries. Leveraging a Balanced Scorecard approach, we help you develop management activities to transform the static plan into a system that provides feedback to decision making and enables the plan to evolve as requirements and other circumstances change.
Strategic Planning
Process
Our operational executives will leverage a proven process that will include:
Assessment: gaining an understanding of the current internal and external environment
Strategy Formulation: where high level strategy is developed and a strategic plan is documented
Strategy Execution: where the high level plan is translated into an operational plan and strategic initiatives are established and agreed upon
Evaluation/Sustainment: a management phase, where ongoing refinement and evaluation of performance, culture, communications, data reporting, and other strategic management issues occur
Excellence in Execution
We have utilized the balanced scorecard approach across four industries with tremendous success. The balanced scorecard, originated by Drs. Robert Kaplan (Harvard Business School) and David Norton as a performance measurement framework. The balanced scorecard has evolved from simple performance measurement framework to a full strategic planning and management system.
Leveraging the balanced scorecard you will be able to:
Transform your strategic plan from a passive document into your company's "battle" plan complete with "marching orders” for organizational effectiveness on a daily basis
Utilize a framework that not only provides key performance indicators, but helps identify what your strategic initiatives should be and how they should be measured
Build a staffing plan to ensure alignment with strategy and financial objectives
Execute on strategy through a regular system of follow-up, market review and make the necessary adjustments to the plan
We're happy to help. Please click on the CONTACT to learn more.I'm a paragraph.
Are Your Prepared for the Road Ahead?
