How much time does your management board allocate to review your 3-5 years strategy? Are you ahead or behind schedule? Are changes required? Which key activities should be developed further? Which activities should be stopped? What about diversification, merger and acquisition just to mention a few options?
To have a neutral consultant looking from the out-side of your business is a must to avoid an industry-related strategic planning and to widen the scope further says Mats Dudli of Promatec. We have come across many times, that a lot of the strategic thinking is around current activities, competition, supply chain and market trends, which of course is important but looking at the business opportunities from a wider angle is equally important when talking about a long-term company strategy. Benchmarking vs other industry sectors and learning from it and setting the highest possible standards for your next 3-5 years strategy.
Promatec will play the referee and initiator in a multi-step approach, starting from an in-depth analysis and listening to ideas across the whole company structure and organisation so they can be taken into account from the start. From such a solid foundation we then create an initial working document to be part of a first brain-storming session which has to be as open-minded as possible. This then builds the platform to build-on together a comprehensive and workable long-term strategy.
PS: our philosophy is to continue our consulting role as an integral part to help with the implementation and regular review.
- Company focused feasibility studies (i.e. company review and re-focus of activities, diversification, new applications, market & competition analysis)
- Business development
- Selling/buying a company
- Managment buy-outs
