An organisation without a strategic plan is likened to a ship floating aimlessly in the ocean; directionless and inevitably slated for downfall. In today’s hyper competitive VUCA (volatile, uncertain, complex and ambiguous) business climate, a well thought-out strategic business plan is more critical than ever.
Some of the challenges organisations may face include:
- Drop in revenue, market value, market share and/or profit margins.
- Status quo in business direction due to a lack of clearly defined strategic business direction and objectives.
- Leaders and managers who are unclear about the direction of the organisation and/or may have differing views & objectives.
- Business model, structure, processes increasingly becoming less relevant and less effective.