You have everything you need from Market Research, and now it’s time to solidify your Corporate Strategy for the coming year.
Luckily for your team, Market Research stuck to the principles of Strategic Alignment—an organizational process employed by the top 10% of companies. To be sure your strategies are aligned, register for our consultation workshop with an SBI strategist.
By following Strategic Alignment, Market Research effectively used primary and secondary research to produce actionable insights about the Market, Industry, Competitors, Accounts, Buyers and Users.
So, how will you follow suit and aligned your Corporate Strategy with the rest of the company’s plans for 2016? For this, we can refer to a rather telling before and after snapshot.
Here’s how your Corporate Strategy will look with and without the help of Strategic Alignment: A complete Corporate Strategy is consulted all the time by members of all departments and levels of the company.
Your Corporate Strategy Without Strategic Alignment:
Your Corporate Strategy was created two years ago, with collaborative input from the Executive team. It mainly consisted of a set of Mission, Vision, and Values statements.
These points were posted around your office, but not directly communicated to the rest of your company. Your organization hasn’t consulted a document of strategy since it was created, except maybe as reference for a new deck.
As a result of this scattered process, your Corporate Strategy left the door open for your company to be all things to all markets. Each department presented a different idea of what your organization was trying to accomplish, confusing customers and throwing off metrics of success.
That doesn’t sound like a great diagnosis for a Corporate Strategy. Contrastingly, this is what your Corporate Strategy will look like if it’s planned according to Strategic Alignment…
Your Corporate Strategy After Strategic Alignment:
Your Corporate Strategy was composed by the CEO using actionable insights from Market Research. Functional leaders played a part in drafting the strategy, providing input and adjusting as needed.
This strategy clearly defines the big decisions that Product, Marketing, and Sales need to make their number. It also answers tough questions like which markets you’re diving into and why, and how you’ll edge out competitors.
The complete Corporate Strategy is consulted all the time by members of all departments and levels of the company.
Which Corporate Strategy Will You Choose?
Naturally, you’ll want your strategy to resemble the second profile—the one ensures your objectives are clear and cohesive throughout the company.
SBI has what you need to make it happen. Sign up to have an SBI strategist come to your office and help apply this knowledge to your organization so that you can make your number in 2016.