Are you doing the right thing, the right way?
At Falak, we know the importance of business strategy, but more importantly we know formulation is just the beginning, and for any business to become successful the implementation of the strategy is just as critical. Thus, strategy advisory forms the core of our service offering. We work closely with our clients to build strategies which are result-oriented.
Strategy cannot be outsourced:
We believe that an effective strategy should be done hand in hand with the client, not outsourced blindly to a third party. Whenever we work with a client, we make sure that we develop the most effective, realistic and pragmatic strategy together.
How it works:
The best way, in our opinion, to work on strategy is during a strategy retreat or workshop. This should be attended by your most senior team with preferably some board members in attendance as well. It is recommended that you allow at least two full days for this.
There is a lot of work that happens during a retreat. Some of the outcomes you can expect from a strategy retreat include:
Develop your organisation's "who we are" statement.
Discover your purpose and/or mission.
Conduct a SWT Analysis.
Establish your BHAG (Big Hairy Audacious Goal).
Discover or reinforce your core values (if not already in place).
Develop your DNA Inspirations document.
Reveal your core competencies.
Create and refine your corporate goals for the next three years.
Create specific action plans and OKR's (Objectives and Key Results) for the next 90 days and beyond.
“Ideas are easy. Execution is everything.” – John Doerr, Legendary Investor
We believe that a successful implementation of the strategy is as important, if not more important than the strategy definition itself. Implementation is the process of converting documented strategy to more actionable plans. At Falak, we can help you manage the major pitfalls of implementing a strategy. These include support on the following:
• Defining and managing stakeholders to manage the ownership of strategy.
• Devising a comprehensive communication plan.
• Integrating the strategy in day to day business.
• Defining an effective strategy review process that helps revisit and monitor the strategic goals and intent.
In addition, Falak can help with your leadership development.
Advisory to the C-suite and senior management.
• Development of the C-suite along with coaching.
• Advisory at the board level.
• Entrepreneurial leadership mentoring.