Strategy Review
What is it?
A strategy review helps companies better position itself among peers and better leverage on its competitive advantage.
Key Features
- Evolving process to revise and adopt strategies to meet a companies’ goals
- Review key drivers of strategic advantage and differentiation
- Typical participants: Board of Directors, management, stakeholders, employees, external advisors
Key Considerations
- Easily comprehended data sets are required
- Data reviewed is based on credible sources
- Clear knowledge of what are the crucial metrics to look at
- Detailed analysis of the right quantitative and qualitative information
- Focus on pertinent core assumptions that will drive company’s growth
- Realistic and executable strategies as priority of the review
- Communication throughout the company to inform all personnel of changes from the review
What Participants Want
- Improve or maintain current performance of the business
- Tangible recommended course of action to take
- Alignment to the direction of the company
- Effective decision-making
- Clear future initiatives outlined
- Ensures that long-term business objectives can be fulfilled