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The VALUChain Strategic Planning Process
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Unlike other strategy companies, our process not only takes an in-depth review of your business, industry and growth opportunities, but we help guide you through the implementation and monitoring stages as well.
VALUChain Process Overview:
VALUChain has developed our proprietary process for strategy planning to address any business situation. The VALUChain process provides a tool to construct, communicate and implement a strategic plan. This process has been used successfully by small companies to mid market to large companies; product specific divisions; not for profits; etc.
There are 4 phases to the VALUChain process:
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Phase 1
Strategic Assessment |
Phase 2
Strategy Workshop |
Phase 3
Implementation |
Phase 4
Monitoring |
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1. Agree on the process |
1. Define the organization strategic plan |
1. Determine the broad implementation timeline |
1. Monitor the progress vs. the timelines |
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2. Industry and Company assessment |
2. Develop the measurable goals, objectives, strategies and priorities |
2. Develop the action plans for the priority strategies |
2. Report the windfalls and the shortfalls |
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3. De brief of key management team |
3. Implement the strategies and tasks |
3. Adjust the plan as needed |
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4. Prepare briefing materials |
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Phase 1: Strategic Assessment
The Current State
Having a clear understanding of the current state is key to developing the foundation for success. To understand the current situation a focus on several key areas is essential.
Customers Who is the customer? What are their needs and expectations? What are their perceptions of our company?
Employees What are the organizational priorities the employees are hearing versus the messages from management? Where are the performance gaps?
Competitors Who are the key competitors? What are they providing that we are not? What are their anticipated initatives?
Industry What are the trends in the industry? Is it expanding or contracting? What are the future anticipated trends?
Company What are the recent trends of performance by product, market, channel?
Supply Chain What does the extended supply chain look like? Are we maximizing the efficiencies?
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Phase 2. Strategic Workshop
Where are we going and where do we want to be?
What is the companies Vision of the future?
What is the companies Mission? Its overall purpose?
The strategic workshop includes defining goals and objectives.
Goals The short and long term focus points that lead to the accomplishment of the mission.
Objectives Quantifiable, accountable and realistic targets that measure the progress of accomplishing
the goals over a specific period of time. Each goal has a specific set of objectives accountable by the
various operating units.
Strategies The road map to achieving the stated objectives.
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Phase 3. Implementation
Who will be accountable for achieving the objectives?
For each strategy there will be an action plan with accountability, deliverables, due dates and costs associated.
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Phase 4. Monitoring
The action plans will be summarized into resource plans that can be followed up on at weekly internal meetings to ensure progress and timelines are on course. Additionally, VALUChain is available for quarterly followup meetings to assist in the monitoring progress.
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