INTRODUCTION
Why do companies need to be effective in company strategy development and implementation?
Markets, technologies, stakeholder expectations, and other dimensions are changing faster than ever, and strategies that worked in the past won’t necessarily work in the future. Companies that cannot craft and execute a strategy will not only lose their current advantages over time but will miss out on the many new opportunities to create value in today’s dynamic, global market.
What are the characteristics of ScottMadden’s company strategy development and implementation?
Action-oriented
Strategy should be action-oriented, and it should reflect a clear understanding of the current market context, the opportunities, and the company’s plans. It should also be constantly considered, often adjusted in small ways, and occasionally adjusted in large ways, even without a crisis.
Tailored Approaches
Effective development and implementation of strategy will look different for different organizations, which can use varied frameworks, data, analytical tools, and organizational concepts. The approach must fit the company and the market situation, but an effective approach will always:
- Enhance the collective understanding of the company, describing the current environment and where the business really adds value
- Develop a shared perspective on the future, identifying the most important and likely scenarios that matter to the business and what to do about them
- Engage the board of directors, both to take advantage of their experience and expertise and to ensure their support
- Align senior management and the board on the strategic direction, capturing and sharing the leadership priorities
- Commit to the strategic initiatives that will bring the strategy to life, including resourcing, sequencing, and progress monitoring
How Does ScottMadden Help with Company Strategy?
ScottMadden combines expertise in strategic planning and execution, corporate development, operational and functional excellence, enterprise-wide performance, and board governance to help companies create and sustain value. We listen carefully to our clients; and deploy proven methodologies and proprietary tools at the right time and in the right way to help them succeed. We support clients with strategy development and implementation through a suite of capabilities in Strategic Assessment, Strategic Planning, and Strategy Implementation.
Strategic Assessment
Developing a shared understanding of the company, the environment in which it operates, and the priorities of the leadership team.
Strategic Planning
Aligning senior management and the board on the company strategy and strategic direction for the company, capturing it, and sharing it.
Strategy Implementation
Strategic Assessment Capabilities
Market Research
Performance Benchmarking
Leading Practice Assessments
Financial Analysis
Executive and Board Interviews
Strategic Planning Capabilities
Strategy Implementation Capabilities
ScottMadden’s expertise in the implementation of strategy is supported by a unique ability to improve and integrate with company processes for planning, resource allocation, and execution.
Enterprise-Wide Integration
Linking the strategy with the business plan and budgets with an over-arching process that ensures integrated efforts and prioritized resource deployment for consistent, successful execution with performance monitoring and oversight.
