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Strategic Planning Consultants To Develop Tailored Strategies For The Desired Future State Of An Org
Posted: Feb 04, 2024
Strategic planning is typically done keeping mid- and long-term goals, their implementation, and evaluating the impact on organizational objectives. This is an ongoing process wherein an organization creates a vision, and sets goals that are forward-focused. This comprehensive collection of activities requires the alignment of resources, gives a clear sense of where the organization is going, and ensures that teams are able to deliver the desired impact.
As the business environment is becoming more complex, the role of strategic planning consultants has become more important as they are skilled at working with a company’s leadership team, and helping it with additional resources with implementation across all functional areas. Reputed strategic planning company, such as Group50, have subject matter experts that utilize their vast knowledge and best practices on how other companies in your or adjacent industries are working on their strategic planning.
As per Group50’s strategic planning consultants, any strategic planning has below three levels:
Level 1
Strategy and Analysis: This is the primary domain of the board of directors and senior leadership team. The language at this level consists of a lot of complex analysis and dialogue. Strategic planning consultants make use of tools like 5 Force analysis, market research, value proposition, PEST (Political, Economic, Social, and Technological) analysis, and many more. These tools provide leadership with a powerful base of information about the needs of the stakeholders, markets, customers, and the current state of the business.
Once strategies have been created, it is necessary to understand operating gaps, and strategic gaps, and create strategies and tactics to address those gaps. The strategic planning consulting company will also need to set objectives at this stage, which should be driven by the company’s Most Important Goals (MIGs). These will require a series of metrics that will typically include financial and project-related timelines for that purpose.
Level 2
Knowledge and Change Management: This level of strategic planning is important for creating a bridge between strategy and results. It involves fulfilling the engagement of all stakeholders, alignment, and team optimization. This level is primarily the domain of mid-level leaders, and requires proper consideration of people and teams, and a full understanding of the skills and capabilities required to operate the future state of the business.
Most organizations fail to implement this level of their strategy as they spend too little time through this stage. They may not be professionally trained in the use of strategic thinking or tactics, and do not engage all stakeholders properly.
Level 3
Implementation: This level is primarily the domain of project teams, individual contributors, vendors, and process owners. This is where new products, service systems, business processes, and supply chains are transformed into the future state of the business. Its language consists of the application of technology, business process re-engineering, and the use of Six Sigma toolkit by the strategic planning consulting company. Alignment and buy-in are critical to the successful implementation of strategy. However, without a strong and well-developed Stage 1, organizations run the risk of Anti-Strategy, and if Stage 2 is not fully developed, it can result in under realization of results. This level is primarily the responsibility of C-suite, Mid-Level executives in the company.
External perspective with specialized subject knowledge
So, it’s clear that strategic planning consultants play a pivotal role in guiding organizations towards success by offering expertise in developing, executing, and monitoring strategic plans. Their external perspective and specialized knowledge provide fresh insights that the internal team may overlook. The consultants at the strategic planning consulting company bring objectivity, experience from diverse industries, and an understanding of best practices to the table. Group50’s strategic planning consultants can help companies develop a planning model and strategic planning playbook to create a complete strategic plan. This holistic view by strategic planning consulting company enhances decision-making, and fosters a comprehensive approach to addressing challenges.
Assessing market trends and competitive landscape
The consultants work with the company’s leadership team to ensure that the strategic plan clearly articulates the direction of the company, and its Most Important Goals. The process is started by assessing the organization’s current state, market trends, and competitive landscape. Strategic planning consultants assist in translating strategies into actionable steps, outlining responsibilities, and performance indicators. This ensures a smooth transition from planning to execution.
Group50 strategic planning consulting company possesses a diverse skill set that enables them to tackle complex challenges, and drive meaningful change within the company. They are adept at analyzing data, market trends, and organizational dynamics to identify patterns and make informed recommendations. The consultants have a deep understanding of the industry in which the organization operates, which allows them to provide relevant insights and tailored strategies for each client. Group50 has a series of assessments and workshops available to be able to teach the skills necessary to carry on without them.
Group50.com is a top US based Global management consulting firm that helps businesses develop performance. Our Strategy Execution Consulting Services and Business Process Management Services quickly automate business growths & profitability.