STRATEGIC PLANNING
Alignment of resources towards the fulfillment of objectives
What is it for?
Strategic planning is a set of administrative models that serve as a tool to: define a business model, facilitate decision making, define the main and secondary objectives, formulate an action plan and align the available resources towards the fulfillment of the objectives.
Reasons for strategic planning
- Provides clarity in decision making
- Establishment of priorities
- Understanding of the company’s internal and external environment
- Visualization of possible risks and how to mitigate them
- Facilitates resource allocation
- Greater control is obtained in the organizational structure
How is it modeled?
First of all, certain administrative models are made, such as: Balanced Scorecard, Strategy Map, SWOT Analysis, PESTEL Analysis, Porter’s 5 Forces, among others.
These are carried out, approached and discussed in several meetings, in order to have a general understanding of each topic, after having been evaluated, we proceed to make a general analysis of the company considering the models carried out, and subjective suggestions and recommendations are added by our experts.
Negative effects of not carrying out strategic planning
In some cases, entrepreneurs do not understand their business model correctly, do not know their product/service properly, do not know what their bottleneck is, do not know the competitors’ offer and in general do not have an understanding of the internal and external environment of their company.
In this sense, this leads to major inefficiencies in processes, resources and decision making, which in turn, leads to value impairment, excessive financial expenses and/or possibly bankruptcy.
Why Quae Solutions?
