Background
Why do business strategies often fail to achieve their intended goals?
In management literature, this question has been analyzed from many perspectives and the conclusions remain the same. It is true that the success of a business strategy depends on many extraneous variables that are often outside the control of implementation teams, but there are many factors that are within the team’s control. The effective management of strategy definition, execution and exploitation of resulting capabilities may not guarantee success but it can certainly improve the probability of success.
How do we improve?
- Ask the right questions, force the right people to answer them and hold them accountable for information accuracy and timeliness
- Analyse the total environment and draw conclusions that are based on the information developed through proven methods
- Be on guard to protect yourself from self-serving agendas of your consulting partners as well as your senior management
We employ our CBvd™ process that is based on leading business transformation frameworks to help the right people make the right decisions. The results of our engagements are often measured via:
- Time and Cost to develop information to enable the right decision
- Decision accountability
- Link between business strategy and associated enterprise capabilities whose performance is explicitly measurable
- The final outcome, did the strategy achieve the business goals?
Our Proven Results
- In a financial services organization this approach enabled the translation of their strategy into enterprise capabilities, transition plans for these capabilities, total cost, risk of transition and business case development and approval in less than 6 weeks.
- In a healthcare environment, the CBvd™ approach helped identify salient characteristics of a problem, required capabilities and transitioned those capabilities to the desired stage with a $500 solution whereas the client was prepared to spend in excess of $5M dollars.
- In a manufacturing organization, the CBvd™ process helped identify the strategic capability and built an industry leading solution while all other supporting commodity capabilities were deployed using off-the-shelf solutions. This resulted in industry leading profit margins.
Recent blogs on the subject:
- Business Requirements – we all want them, but how do we get them?
- IT Strategy that Speaks to non-IT Stakeholders: How to Deliver Instant Results with Few Resources?
- We’re on the Road(map) to Nowhere
- The Phantom Project Charter
Further Discussion
To discuss your Business Planning opportunities and to get a firm price for our delivery, a contact the QRS Team
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