Strategy consulting and advisory

You should typically review strategic plans at least annually. However, quarterly or monthly reviews may be necessary in fast-changing industries or volatile markets to ensure alignment with market dynamics and timely strategy adjustments.

Critical success factors include strong leadership alignment and commitment, clear communication of strategic goals and priorities, effective resource allocation, robust project management and execution capabilities, continuous monitoring and evaluation of progress, and a culture of adaptability and agility to respond to changes.

Key metrics for measuring success depend on the specific goals and objectives of the strategic plan but may include:

• Financial metrics: Revenue growth, profitability, return on investment (ROI), market share
• Customer metrics: Satisfaction and loyalty
• Employee metrics: Engagement and retention rates
• Innovation metrics: New product/service adoption rates
• Operational efficiency metrics: Cycle time, cost per unit, quality metrics

Key risks may include market volatility, competitive threats, technological disruptions, regulatory changes, cybersecurity risks, supply chain disruptions, and financial risks. Mitigation strategies may involve diversification of markets and products/services, robust risk management processes, continuous monitoring of external factors, investing in cybersecurity measures, building resilient supply chains, and maintaining a strong financial position.

Regulatory and compliance issues vary by industry and region but may include data privacy regulations, environmental regulations, industry-specific compliance requirements, tax regulations, labour laws, and intellectual property protections. It's crucial to stay updated on relevant regulations, ensure compliance through policies and procedures, conduct regular audits, and seek professional advice when needed.

A successful business roadmap typically includes the following:

• A clear vision and mission statement
• Values
• Strategic objectives and priorities
• Actionable initiatives with timelines and responsible parties
• Resource allocation plans
• Performance metrics and KPIs
• Risk assessment and mitigation strategies
• Stakeholder communication plans
• Mechanisms for monitoring progress and adjusting as needed

It should be dynamic and adaptable to changes in the internal and external environment.

The keys to successfully enacting organizational change include strong leadership alignment and commitment, clear communication of the change vision and objectives, engaging and empowering employees, providing adequate resources and support, fostering a culture of openness to change and learning, and regularly measuring progress and adapting strategies as needed.

Our team of advisors can offer support with various business evaluations, including materiality assessments, maturity assessments, Barrett Culture assessments, and more.