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Business
Strategy Assessment And Development (BSAD)
In a rapidly changing environment, many
companies identify the
need to re-assess or re-define their business
strategy.
This need is often
triggered by events such as: |
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Major
changes in product or process technology |
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Arrival of
substitute products or services |
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Entrance of
new competitors to the industry |
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Consolidation
of competitors, suppliers or customers, with the
effect of increased bargaining power |
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Changes in
relevant regulation (tariffs, taxes, environmental,
labour, etc.) |
These
events can represent a threat to the profitability
and even the survival of the organization. But they
can also represent an opportunity for growth and
new business.
BTI's Strategic Business Assessment provides the
company with a clear picture of its environment.
It suggests a strategic direction that will take
advantage of the opportunities and minimize the
threats.
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A
comprehensive but cost and time effective assessment
covers the following topics: |
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The industry
in which the company competes, customers, suppliers,
competitors, regulatory environment and key factors
for success in the industry. |
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The company
mission and goals, core competencies and competitive
advantages, core processes, financial analysis,
information systems capabilities and organizational
issues. |
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Current strategy,
definition and analysis of its fit with the current
and developing environment. |
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Alternative
strategy, analysis of options, evaluation and selection,
fit with the environment and implementation. |
This
assessment renders best results when it is combined
with an executive level workshop in which: |
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The evaluation
of the external and internal environment is presented,
discussed and validated |
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The current
strategy is analyzed in light of the current environment |
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Options for
strategy are developed and analyzed |
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A strategy
is selected |
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Initial steps
for implementation are drafted |
BTI
assists the company in the implementation of the
selected strategy through: |
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The development
of a tactical plan, projects and programs that will
make the strategy a reality.
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Adaptation
of the organizational structure and review of compensation
and incentives to reinforce the change. |