As business strategists, Socius Business Advisors identify and validate high potential business opportunities for stakeholders and develop customized business strategies that are aligned with corporate strategic objectives. These tasks include definition of the scope of businesses, development of differentiated value propositions and core go-to-market strategies as well as preparation of revenue models and financial analyses.
A business strategy typically clearly articulates the direction a business will pursue and the steps it will take to achieve its goals. In a standard business plan, the business strategy results from goals established to support the stated mission of the business. A typical business strategy is developed in three steps: analysis, integration and implementation.
In the analysis step of business strategy development, one of several methods is used to analyze a firm’s market, resources, obstacles to success and specific advantages. The goal of strategic analysisis to identify what a business wants to accomplish, the strengths it can bring to bear on accomplishing the goal and weaknesses that need to be addressed prior to integration and implementation.
No strategic plan will work if it does not consider the cultural environment of the company. Businesses deal daily with the unpredictable, and workers must be relied upon to recognize and solve problems based on their own skills and insights rather than formally defined roles and processes. A typical example of this cultural clash is often seen post-merger, and the fallout, particularly for small businesses, can be disastrous. When faced with a merger, keep issues related to blending cultures a top priority and take steps to ensure a smooth transition.
Developing solid strategies in all aspects of your business will ensure that you achieve the ultimate goal of the satisfied customer. For more information on how Socius Business Advisors can help you develop a winning strategy…
Socius Business Advisors is a leadership coaching and consulting firm headquartered in the greater Chicago area, with advisors in Atlanta, Philadelphia, Denver, and Hong Kong and serving clients around the globe.
Strategy, Planning, & Execution
Executive Coaching & Executive Peer Groups
Executive Team Alignment
Turnaround & Crisis Management
M&A &Post Merger Integration
Domestic & Asian Procurement
Family Business Center
Workshops & Seminars
Succession Planning & Exit Planning