A strategic review is a process by which a company evaluates its current position and future potential in order to identify opportunities for growth and improvement. It typically involves a comprehensive analysis of the company's internal and external factors, including market trends, competition, strengths and weaknesses, financial performance, and customer feedback.

​

The purpose of a strategic review is to enable a company to understand where it stands in the market, determine its long-term objectives and develop a plan to achieve them. The review helps the company to identify the opportunities and threats it faces, as well as the internal and external factors that are affecting its performance. It will also address improving operational efficiency or restructuring the organisation to better align with its goals.

​

At The Value Creation Partnership, we do this by spending some time with executives and employees and on occasion input from various stakeholders, including customers and investors.

​

The outcome of the strategic review should be a clear roadmap for the company's future direction, with specific goals and action plans for achieving them.

​

The strategic review process typically involves the following steps:

Assessing the current situation: This involves gathering and analysing data on the company's current position, including its financials, market share, customer base, and competitive landscape. As part of this stage, we are often asked to create a value creation plan and conduct several operational reviews and systems reviews;

Defining the company's mission and vision: This involves clarifying the company's purpose, values, and long-term goals;

Setting strategic objectives: This involves identifying specific, measurable, achievable, relevant, and time-bound goals that will enable the company to achieve its mission and vision;

Identifying strategic options: This involves evaluating different options for achieving the strategic objectives, including potential growth strategies, operational improvements, and organisational changes;

Developing an action plan: This involves creating a detailed plan for implementing the chosen strategic options, including timelines, responsibilities, and resource requirements;

Monitoring and evaluating progress: This involves regularly reviewing and updating the strategic plan based on changes in the market, the company's performance, and other relevant factors.

 

Overall, a strategic review is a crucial process for any company that wants to stay competitive and achieve long-term success. It helps the company to identify its strengths and weaknesses, set clear objectives, and develop a plan for achieving its goals.

 

If you would like to learn more about how The Value Creation Partnership can help your organisation flourish, become more efficient and ultimately more profitable, please complete the short form below and we will be in touch.