Strategy Consultants – Your Partner For Strategy Planning And Deployment

Strategic management for improvement in processes and functions of an organization is imperative. If you want to grab the opportunities of emerging markets while facing the new challenges successfully, you need a specialist Business Strategy Consultant who could help you to walk over a safe landscape to hit the planed goals. 

Sometimes, you know there exists a problem in organization’s growth but you do not know the source and the way to manage it. Therefore, inventing new strategy and implementing it along with current policies is continuous process because even the best achievement has the scope of improvement. Strategic Management is the breathing exercise subjected to changes in any business.

Different Approaches of Strategy Consultants: 

Developing an optimized strategy and making it a grand success by using efficient business tools is the key role of management consulting firms. There may be different approaches to structure a strategic plan but which one should be followed depends upon the identified needs. Any professionally derived strategic plan revolves around four core values of process- prepare, define, plan and execute. Numbers of strategic options are developed and compared to finalize the best suitable plan. 

Once strategic plan is finalized, Strategy & Operations Professionals help to implement the recommended suggestions with the help of deployment tools and process theories. Hoshin Kanri and Balanced Scorecard are the most implemented approaches to deliver competitive advantage to organizations. 

Strategy Consulting Firm For Comprehensive Consulting Services: 

Different stages in any business involve different problems; so, Strategy Consultants derive particular strategy for each stage; may the concern pertains to in-house management, process, marketing or sustainable growth. 

top strategy consulting firms offer comprehensive consulting services because even the minor gap left unnoticed may deliver serious impact upon the target growth. Achieving desired results is the only scale to evaluate the success of hired Consulting Firm. The hired Business Strategy Consultant must be capable to deliver business unit strategy, corporate strategy and growth strategy through data based analysis.

Key benefits of Green Belt Training

A successful Lean Six Sigma Greenbelt is something the candidates should earn and cannot be achieved without a proper plan. It requires a team that has a knowledge of existing processes and policies as well as they should receive proper support from the Senior Management Team. Usually, people who can solve the problems and those who have an aptitude for numbers are just selected because of their aptitude. However, those who receive the Greenbelt training should have some of the below-mentioned attributes to have a successful project.

1. Persistence: This is the key attribute that the Lean Six Sigma Greenbelts should possess more than anything. There will be opposition or barriers in implementing change that might be as a result of culture or technology. Instead of becoming disheartened, they have to move forward in facing these challenges and become a change agents for the organizations.
   

2. Room for improvement: Those who are recommended for the Greenbelt training should be those who are looking for improvement in the existing processes or procedures. They cannot sit back and think that all is well. They should question the current procedures and processes. They should be able to find the root cause of the problems. As a manager, it is critical to consider candidates with this attribute when recommending someone for Greenbelt training.

3. Logical: This is the most important quality that the candidate should have to be approved for green belt training. It is not always good to have a person who is math ability selected. The candidate should be able to understand logically the situation and work out solutions by thinking. Identifying persons of such calibre can be very helpful.

Why should Firms hire Lean Management Experts?

Many organizations have good practices. Over the period, as the business expands the old processes are unable to cope with the scale of the operations. Without robust organizational processes in place, it will be really tough for the big firms to keep a close track of the operations as well as in business expenses. 

This will lead to an increase in the expenses and without proper procedures, the efficiency of the employees will diminish. Hence, it is important to hire or develop Lean management experts within the organization in order to streamline the processes as well as remove unnecessary wastage of manpower and resources.

Lean Management Certification:

Many businesses, as well as organizations, are facing major challenges in terms of a time delay of products and services, high rates of the raw materials. Since lean Management courses can help both you as well as the staff in understanding the practices when followed can cater better results including identifying the main gray areas where the money is not spent wisely, identify procedures as well as processes that are the reason for unreasonable delays etc. If a company can identify few of their best subject matter experts and enrol them in Lean Management certification course, this will benefit the organization in the long-term. This will enable the organization in identifying the loopholes better.

 As hiring a Lean Management Expert will help solve the issues partially. However, having a lean management expert within the group and help solve most of the issues as they will have a fair idea of issues and will be able to better see the underlying issues. Creating Lean Management Teams within the organization can be very beneficial for both the employee and the employer.

How do Business Analytics Consulting firms support your business?

Business Analytics consulting usually analyse company data and market data to understand the trends, business weakness and other important details. This data can be studied and used as a tool in making important decisions. Since data plays a vital role in any organization, the relationship between the numbers as well as the results is studied to help explain what exactly is working well for the organization and also throw light on some things that should be completely avoided in order to succeed.

Business Analytics Consulting firms becoming quite popular nowadays as lot of data is easily available and organizations feel the need to leverage this data to improve internal processes, remove wastage and optimize the business operations. Analytic helps different aspects of a business. It can help in

• Improving the effectiveness of marketing spend
• Optimizing the sales force effort
• Supporting data based decision making
• Reducing cost of supply chain and distribution
• Enhanced customer experience through past and foretasted behavior

Technology firms provide many solutions which generate reports by crunching the data. However, extracting meaningful and actionable insights from the data can be best done by analytics consulting firms.

Business Analytic Consulting Firm starts by identifying major issues in an organization which can be resolved through big data and analytics. They rely on existing data to draw their insights and actionable items as the new data won’t have a benchmark to compare. The best part of analytics firm is that they create operating models to provide these insights and actionable items to the right people at the right time.

Just to give an example of a pharmaceutical sales representative. The sales representative has just visited a doctor and is thinking about which doctor to visit next. Analytics firm will analyse the speciality of the doctors in the nearby area, their office timings, average wait time at the doctor, importance of the doctor for the specific medicine etc to provide the suggestion to visit a particular doctor.

This is just the tip of the iceberg. We can do so much more !!

Five Steps For Developing A Business Strategy Planning

There a great verse in the Bible which states “Where there is no vision people perish”.

Having a plan is vital for any organization, business, sports etc. Without a proper plan, it is hard to achieve goals. Hence most of the business indulge in developing corporate strategy planning in order to achieve the desired goals and results. In order to develop a good strategic Planning, the below mentioned 5 steps should be followed.

1.    Start from the point you are in: A good Business Strategy Planning involves accessing your business from the view point of outsiders. A honest assessment of the organization will help you see where exactly you are in the Big picture and will give you a clear cut outline of how you can achieve the desired goals. The best thing to do is an internal as well as external audit to complete this assessment.

2.   Set the Tone: Once you have completed the assessment and understood where you are heading. The next thing to do is setting up priorities like customers, markets etc. Prepare a list of realistic short term goals which will eventually help you achieve the long term goals.

3.  Achievements / Targets: In strategic planning, most important thing after setting up the priorities is to set targets of what exactly the company or the business is planning to achieve and what exactly is the deadline in completing this task.

4.   Accountability: Accountability should be part and parcel of the strategic planning. There is saying that performance improves by monitoring, however it accelerates when it is returned and reported. Hence departments and individuals should be appraised of their roles and responsibilities and should be held responsible if there is no progress.

5.      Review: Business Strategy Planning does not end when the plan is set forth. It requires constant and consistent reviews in order to better the plan.