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Strategy formulation and execution

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Strategy formulation and execution

  1. 1. I N F O G R A P H I C STRATEGY DEVELOPMENT METHODOLOGY Y O U R R O A D T O O U S T A N D I N G C O M P A N Y Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 Business strategy in the Balkans
  2. 2. BUILD THE RIGHT FOUNDATION TO YOUR STRATEGY Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022
  3. 3. your profitable business activity mustn’t harm the society in general, local community and/or environment where this activity is located but rather contribute in a positive way whenever possible CORPORATE SOCIAL RESPONSIBILITY Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022
  4. 4. in order to keep the pace with competition a company must fully implement its own digital transformation which means that it must place digital technology and relevant software applications in the core of its business model and strategy in order to connect all of its IT systems within every link of its value chain DIGITALIZATION Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022
  5. 5. sustainable business is a systematic strategic determination of the company's management with the aim of ensuring its long-term existence and ultimate profitability as key guarantors for it; only a sustainable company can keep its local and wider communities as well as natural environment healthy; SUSTAINABILITY Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022
  6. 6. DECIDE ON BUSINESS MISSION AND VALUES TO ADHERE define main business activity e.g. your offer, to whom and where Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022
  7. 7. PERCEIVE YOUR BUSINESS VISION vision must be inspirational, ambitious and clear in order to yield executable strategy Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022
  8. 8. FORMULATE WHAT NEED TO BE DONE AND HOW define in detail your products, services, target markets and customer segments to whom your products are intended Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 • Products / services • Consumers / users • Buyers (who is shopping?)
  9. 9. • Business environment • Markets • Competition perform detailed analysis of the business environment from multiple perspectives such as market size, customer buying power, competition, political, regulatory and technological factors and their specific impact on your business Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 FORMULATE WHAT NEED TO BE DONE AND HOW
  10. 10. • Generic strategy / message to markets you can rely on price, differentiation or focus, or a combination of those, in your approach to markets and message sent to consumers Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 FORMULATE WHAT NEED TO BE DONE AND HOW
  11. 11. • Business model define the value creating process for your products and services, profit formula and required resources which can generate sales in the market(s) of choice Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 FORMULATE WHAT NEED TO BE DONE AND HOW
  12. 12. • Strategic partners and suppliers business model will reveal potential partners and key suppliers; do you need formal partnership? Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 FORMULATE WHAT NEED TO BE DONE AND HOW
  13. 13. • Organisational structure set up optimal organisational structure which will most effectively serve the business model of choice Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 FORMULATE WHAT NEED TO BE DONE AND HOW
  14. 14. select ambitious goals which can turn your vision into reality; they are specific, clearly defined and quantified (new) market position and/or internal capability of your company after a specified period • Strategic goals Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 FORMULATE WHAT NEED TO BE DONE AND HOW
  15. 15. • Financial expression of strategy • Strategic plans for each structural unit Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 FORMULATE WHAT NEED TO BE DONE AND HOW
  16. 16. based on required resources to reach agreed goals within agreed time period calculate required capital; is it available internally or you must look for new partners, investors and/or loans? • Capital structure Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 FORMULATE WHAT NEED TO BE DONE AND HOW
  17. 17. DEFINE EXECUTION MECHANISMS REQUIRED TO TURN THE PLAN INTO COMMERCIAL SUCCESS in order to successfully execute even the best formulated strategy and turn it into commercial gain it is necessary first to install organisational mechanisms which create permanent two-way link between strategic plans and well organised, effectively controlled strategic activities Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022
  18. 18. • Executive management the move from strategy to execution requires inspired leadership, good response to crisis and readiness to learn continuously Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 DEFINE EXECUTION MECHANISMS REQUIRED TO TURN THE PLAN INTO COMMERCIAL SUCCESS
  19. 19. • Processes and procedures well implemented technological and business processes and procedures enable employees to move resources and information to a next level smoothly and without interruptions making their assignments and projects being completed efficiently Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 DEFINE EXECUTION MECHANISMS REQUIRED TO TURN THE PLAN INTO COMMERCIAL SUCCESS
  20. 20. • Information management information management must provide necessary support at all levels of the organisation for informed and on-time decision making Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 DEFINE EXECUTION MECHANISMS REQUIRED TO TURN THE PLAN INTO COMMERCIAL SUCCESS
  21. 21. • Financial planning in order for financial planning to make sense and have a chance for positive impact on business it is very important that it is completed before the beginning of planned period Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 DEFINE EXECUTION MECHANISMS REQUIRED TO TURN THE PLAN INTO COMMERCIAL SUCCESS
  22. 22. turn strategic goals into objectives as specific, measurable, clearly defined and time limited actions (changes) which aim to achieve specific new state of affairs (strategic goal) • Objectives Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 DEFINE EXECUTION MECHANISMS REQUIRED TO TURN THE PLAN INTO COMMERCIAL SUCCESS
  23. 23. Finansijska perspektiva CILJEVI POKAZATELJI Operativna perspektiva CILJEVI POKAZATELJI Perspektiva klijenata CILJEVI POKAZATELJI Perspektiva inovacije i stalnog usavršavanja CILJEVI POKAZATELJI Uravnoteženi pokazatelji uspeha pokrivaju 360° poslovanja Kako nas vide naši klijenti? Kako gledamo na akcionare? U čemu moramo biti superiorni? Da li možemo nastaviti sa inovacijama i kreiranjem vrednosti? • 360° KPI dashboard use Kaplan & Norton’s Balanced Scorecard for 360° monitoring and presenting of strategic goals, objectives and related KPI-s Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 DEFINE EXECUTION MECHANISMS REQUIRED TO TURN THE PLAN INTO COMMERCIAL SUCCESS
  24. 24. • Managing teams and individuals well implemented employee management process and procedures will result in a working environment where all teams become aware of their own responsibility and goals what is the prerequisite for good business results Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 DEFINE EXECUTION MECHANISMS REQUIRED TO TURN THE PLAN INTO COMMERCIAL SUCCESS
  25. 25. • Change management to relax everyone and overcome resistance to change greatly encourage open communication with employees from the very beginning Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 DEFINE EXECUTION MECHANISMS REQUIRED TO TURN THE PLAN INTO COMMERCIAL SUCCESS
  26. 26. effective risk management not only reduces negative effects of various crises but also brings additional benefits such as savings • Risk management Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022 DEFINE EXECUTION MECHANISMS REQUIRED TO TURN THE PLAN INTO COMMERCIAL SUCCESS
  27. 27. Business strategy in the Balkans I N F O G R A P H I C STRATEGY DEVELOPMENT METHODOLOGY Y O U R R O A D T O O U T S T A N D I N G C O M P A N Y Created by Alex Milovanovich www.poslovnastrategija.rs Revision November 2022

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