Who Can Benefit?
Organizations that are interested in developing strategies that is capable of being successfully implemented. With “change” being constant, organizations must update their strategies if they are to remain competitive. Unfortunately, strategies are often developed and then resources are inventoried only to find that they are inadequate to make the strategy work. As an alternate, we find it more effective to create and adjust the plan early on into the planning process.
How do COREVIS' coaches/consultants deliver this service?
COREVIS Services consultants work with business leaders during the strategy planning phase to gain an understanding of the strategic changes being considered as well the reasons why the strategy is being changed. We work closely with these business leaders to minimize the challenges that often occur when “gap analysis” FOLLOWS strategy development. We encourage this “parallel” approach to avoid creating an expectation of the organization that is not possible. Continue two different approaches:
-- The strategy is developed using tools such as a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis. Once the strategy is agreed upon, resources are inventoried and examined. Upon completion of these two steps, a “gap analysis” is done. This typically leads to the creation of teams to address the gaps and possibly seek additional resources to fill the gap. In most cases this involves changing personnel, training staff, infrastructure modifications, new management systems, and more efficient business processes.
-- The second approach is similar to the first except the business leaders who are responsible for developing the strategy are also responsible for understanding the limits of their organization early in the process. The limits are not drawn around “existing” resources but around “expanded” resources that the organization is willing to acquire or partner with.
At COREVIS Services, we have found that many organizations create “gaps” that they will never allocate sufficient resources to close. The different approaches contrast whether you do “strategy and development” and “resource planning” in a parallel or sequential process. By managing this process in a parallel manner, you identify early on what it will take to make the strategy work. With enormous pressures on minimizing cost, this iterative process creates a strategy that is more doable than it would be otherwise.
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