Strategy development is usually based on analyzing existing and future conditions, including opportunities and threats, which act as drivers for change. Strategy is about more than where you are now or where you want to go. The strategy makes decisions about what not to do, and it serves as a filter that allows organizations to focus their efforts on areas that bring them greater returns. A strategy helps businesses think differently about themselves, their markets, and how they compete with other players in these markets. Strategy development allows Ukrainian business managers to create a successful strategy by using the organization’s resources to achieve its objectives with profit maximization.
Strategy сonsulting is also known as a professional service that helps organizations define their vision and mission, build a strategy for growth and success, and integrate it through various activities, including planning, resource allocation, and evaluation. Strategy expertise can be drawn from adjacent disciplines such as organizational development (OD), business process management (BPM), systems thinking (ST), etc.
Strategy experts work with business leaders of companies to assess the quality of their organization's strategic plan, determine ways to implement successfully, provide insights on what they can do strategically to improve performance, facilitate the development of a business strategy, and identify appropriate financial resources. Strategy consultants can also help maintain a competitive advantage by performing benchmarking studies that analyze the performance of rival companies or perform due diligence on potential takeover targets or merger partners. Strategy consulting differs from business consulting as the latter looks at issues such as corporate restructuring, modernization, etc. Strategy consulting involves a wide range of expertise. For example, strategy development in Ukraine could be strategy & operations management, strategy process innovation, strategy information technology, strategy business transformation, etc.
The essence of developing a strategic plan is looking into the future and building anticipatory models (how trends will impact your business).
