The Four Week Strategy Review
A step-by-step guide to applying top-tier strategic consulting techniques
Value Creation through Strategy
What is a strategy review?
A strategy review is a process to identify new value-creating opportunities within a business. It could be about improving the performance of an existing division. Or it could be about taking advantage of a new market adjacency opportunity.
It is also an opportunity to step back from day-to-day operations. You can assess the strategic foundations on which the business is built.
It therefore needs to be a clear fact-based analysis of the business opportunity or issue.
When should you undertake a strategy review?
Many companies undertake strategic reviews on an annual basis as part of their strategic planning process.
Other businesses will undertake them on a more ad hoc basis. For instance, when presented with a specific opportunity or problem within the business.
Furthermore, a change of ownership or appointment of a new CEO can often trigger the need for a strategic review of the business. It can be a great way to clarify key areas of opportunity and challenges within the business.
What are the outcomes of a strategic review?
It should lead to a clear set of strategic recommendations. The review should also set out a future roadmap for the business. This roadmap charts the course for the business. This helps enable increased and sustained performance now and for the future.
Delivering a strategic review
Start with the answer
Allocate dedicated project resources for the review
Allow enough time to capture and document the key findings
Build in time to think about the implementation
A strategic review is a structured process to evaluate the external environment and internal context of a business in order to define the optimal positioning and operating model for the future.
Companies can spend months on a strategy that is out-dated almost as soon as it is finalised. With a clear structured approach and 80/20 mindset, a clear strategy and future roadmap can be completed in as little as four weeks.
A strategic review should include a review of the market, your strategic positioning, your internal organisation and processes, and a high-level financial assessment of the outlook for the business.
Benefits include clarity over the drivers of strategic advantage, alignment within the organisation on the future roadmap for the business, and improved financial outcomes.
The Four Week Strategic Review
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For the first time, insights from more than 20 years of experience in strategy development have been collated in this essential guide to conducting a strategic review.
- Benefits of a structured approach to strategy development.
- Typical scope of a strategic review.
- Key principles to follow when undertaking a strategic review.
- Indicative timeline and workplan for completing a strategic review in 4 weeks.
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