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Strategy Formulation

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The strategy formulation process is much different than the strategy execution phase. Strategy formulation is heavy on analysis and the soliciting the input of various experts in the market, financial, process, resource, and logistical areas. Once the strategic plan in place, we can set up and activate the strategy execution systems to ensure success of implementation of the strategy.

If there is not an adequate strategic plan in place, we can work with you to formulate and implement a long term strategic plan.

In order to create your strategy we offer value analysis consulting that, when used in combination with our value engineering tool, determines the type of strategy that is necessary to focus on.

We then work with you in implementing that strategy. Our consultants work with you to map your strategy. We do this by determining the following:

  • What is your long term and short term strategy?
  • What performance measurements do you need to track?
  • What are the questions you need to ask (what do you need to know and from whom do you need to know it?) in order to properly manage your strategy?
  • What are your goals and objectives?

We can also identify and analyze possible scenarios with ScenarioMap in order to do some pre-planning and to safeguard against problems in the future.

The following list indicates how the products apply to the strategy formulation process:

Refocus

Refocus is a software package specifically designed for performing value improvement projects on products, services, and processes. Our consultants use Refocus to guide teams through the process of executing a value analysis for process and product improvement. An implementation plan can be put in place where a consultant can help facilitate your project.

StrategyMap

Our StrategyMap product is used in the process of mapping your strategy. The consultant can help at this level by gathering pertinent information such as:
a. What is your short/long term strategy?
b. What are your performance measurements?
c. What questions do you need to ask in order to manage properly?
d. What are your goals and objectives?

ScenarioMap

ScenarioMap is a product that, when used in conjunction with our consulting, helps in the preplanning and mapping of scenarios in order to safeguard against future problems.

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