Strategic Planning – 10% Strategy 90% Execution

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Where are you on the strategy and execution axis with your business?

It has often been said that an average strategy well executed will always outperform a superior business strategy which is poorly executed. In fact in terms of effort, the development of thebusiness strategy is 10% of the effort and the execution of the business strategy is 90% of the effort.

In our experience we have found the following steps are critical to the development and the execution of the strategy


Strategy Development

  • OWNER OBJECTIVES – what are the owner’s expectations in terms of profit growth, dividends and ultimate exit?
  • $ TARGETS & GAP – based on the owner’s expectations of growth determine the profit targets for the next 3 to 5 years and the GAP in profit if the status quo is maintained
  • SWOT – review the internal environment for strengths and weaknesses and the external environment for opportunities and threats
  • SCA – determine the sustainable competitive advantage “SCA” for the business i.e. the space where the business’ capabilities are able to meet the target customers’ needs in a way that the competitors cannot compete.
  • KEY STRATEGIES – determine those key strategies which address the SWOT, further enhance the SCA and bridge the $ GAP


Execute the Strategy

  • SCOREBOARD – develop a scoreboard which measures the execution of the strategy including the input and output drivers for each strategy
  • FOLLOW UP – put in place a process to rigorously follow up on the execution of strategy, including at a minimum, meeting each 90 days to review the scoreboard and the performance against $ targets and check if there are any barriers to execution of the key strategies.

At Brentnalls WA, we are practical in our approach and recognise the challenges faced by business in developing and executing strategy. We have helped many businesses work through this process and would be pleased discuss how this process can be integrated into your business.

  • Get in touch

OUR DIRECTORS

Chris Mandzufas

Chris Mandzufas

Chris has a diverse range of skills and experience as a result of providing accounting, taxation, advisory board and management consulting services to owners and directors of fast growing businesses.

Chris Smith

Chris Smith

Chris Smith has been a member of the Chartered Accountants Australia & New Zealand since 2006, a member of the Tax Institute of Australia since 2013, and a registered Tax Agent since 2018.

Tony Monisse

Tony Monisse

Tony’s key focus is the integration of strategy and financial management. To this end he has developed tools and process that facilitate this integration, including business modelling, target setting and rolling cash flow forecasts.

Maximise your Business Potential

Whether it’s business growth, improved profitability and cashflow or streamlining operations to improve work/life balance, we can help you achieve your business goals. Gain clarity on which strategies will accelerate the success of your business

Our Impact

icon

INCREASE IN PROFIT AND CASHFLOW

Icon

IMPROVED ALIGNMENT AMONG LEADERSHIP

icon

IMPROVED CLARITY IN FINANCIALS AND FINANCIAL WELL BEING

Icon

IMPROVED STRATEGIC FOCUS

Icon

GREATER ACCOUNTABILITY AMONG LEADERSHIP

icon

IMPROVED MULTIPLE FOR BUSINESS VALUATION

Download the Info Pack