Business Strategy Management

Overview

Strategy Management is becoming a continuous process that organizations need to formalize and execute at all times. Strategy management is concerned with analyzing and assessing the changing working environment and dynamically align the objectives and initiatives of the organization to match these changing conditions. The Balanced Scorecard (BSC) is becoming the de-facto standard in formulating and tracking the execution of the strategy. The BSC is a powerful, yet simple framework that can be used to capture the Customer strategic objectives, measures and initiatives; and to track the execution of its plans. BSC has gained wide acceptance in organization of various types worldwide and there exist many tools and approaches for implementing it.

Our service is characterized by its tight integration with Enterprise Architecture (business models) of the organization structure, processes, and IT systems. This is a powerful feature that make strategy traceable back to business and technology models, and produces a secondary deliverable consisting of a portal of the customer business blueprints models. Horizons Software has developed extensive experience in helping organizations develop their strategic plans using the Balanced Scorecard Framework and integrated dynamic enterprise blueprinting. This is manifested in Horizons six-stage STAR method for building the organization strategy using the BSC Framework.

Service Main Activities

• Developing Organization Strategic Framework including the Mission, Vision, Values in a series of workshops and using international best practices.
• Analyzing Stakeholders requirements and Strategic Analysis of the business using a series of workshops and seminars. SWOT matrix is used to summarize and prioritize analysis finding
• All activities include seminars and workshops and knowledge-transfer
• Developing strategic themes and strategic objectives using BSC Strategy Maps and building objectives catalogue
• Developing required initiatives and projects and relating them to objectives and detailing dependencies and schedules and initiatives catalogues.
• Developing Strategy performance measures with all required details for implementation.
• Based on customer’s need, the Strategy performance management system can be deployed with the designed strategy
• Design and training on Office for Strategy management processes.
• Knowledge transfer and training sessions on dynamically managing the strategy and using the system.

Main Features

• Linking Strategy Analysis and Assessment results with business elements (Processes, organization, and systems)
• Knowledge Transfer to customer participating staff
• Use of workshops and customer teams to own and develop the strategy.
• Use of strategy themes and perspective themes to discover and group objectives.
• Formulate strategic objectives using strategy maps to describe how value is created
• Use cause and effect relationships between objectives to discover missing or unneeded objectives
• Use of visual models to communicate strategy and BSC elements
• Linking strategic analysis results to objectives to establish the traceability to business elements.
• Building KPI catalogues with customer teams with explicit accountability and assessment of KPI measurability and sources.
• Building Initiative transition plans and action items with clear links to objectives.

Business Benefits

• Step Communicate strategy with internal and external stakeholders using visual strategy maps.
• Continuous Strategic Learning

ü Periodic management meetings to review strategy

ü In-depth insight into causes and effects of strategy execution

ü Drill-down to root cause process/accountable party

ü Analyze objective and KPI cause and effect linkages

• Proactive Strategic Management

ü Get early lead knowledge about strategy execution

ü Take corrective strategic and budgetary actions

ü Act proactively instead of reactively anticipating problems in achieving objectives as early as possible

Who should use it?

• Business Leadership
• Business Units Managers
• Strategy Departments
• Performance Monitoring Specialists