At Consult 2 manage, we believe that strategy formulation is a deliberate search for a plan of action that will develop a business’ competitive advantage and compound it.

Strategy is one of the most commonly used management terms, yet it is also the least understood. Often companies underestimate the power of good strategy or confuse tactical initiatives with strategy. Smaller organisations believe that strategy is only for the large companies while the truth is often the reverse. Senior management is often too close to the daily issues to be able to take a detached and clinical view of the long term. These are typical conditions where our strategy team steps in to deliver results.

consult 2 manage’s strategy formulation exercise focuses on maximising client shareholder value while effectively managing risks. The process involves identifying the key success factors in any given situation and then designing an organisational framework to excel at each of these factors. Several disparate pieces of the organisational puzzle are addressed in designing the strategy – the core value proposition, product / business portfolio, organisation structure, leadership, skill sets, key operational processes and systems and so on – and combined under one unifying theme.

Strategy formulation can be a holistic exercise encompassing the entire organisation (corporate strategy) or can be localised (functional strategy) based on the magnitude of the problem or the company’s appetite for change.