Business analysis and strategic planning are tools used to enable a business to change, to keep up with developments in their field of expertise. In today’s ever changing world, business analysis and strategic planning have never been more important.

If you consider the past twenty years, how many items have become, or are becoming obsolete? The number is staggering and asks the question what will be next?

Will your business survive the next five years? Consider some of these:

  1. Kodak;
  2. print media;
  3. how we advertise – yellow pages;
  4. pay TV;
  5. travel agents;
  6. fixed line telephone.

Financial Health Check.

Illume has developed a twenty six (26) point Financial Health Check which can be completed within a couple of hours. It provides an insight into the financial health and sustainability of your organisation.

This health check has been designed to highlight how your key business indicators have moved over the past three years. It provides an insight into emerging trends and it is the ideal starting point to develop your strategic plan.

Why have a Strategic Plan?

The critical reason for undertaking strategic planning is to ensure your organisation has a sustainable future. Continually developing new opportunities provides an organisation with the greatest chance of sustainability.

A strategic plan enables you to determine your business direction, rather than be led by others. In today’s competitive market your market share will be determined by how much you stand out from your competitor.

A good strategic plan supported by an active reporting program creates personal accountability. Providing ownership of an employee role, often results in a stronger work ethic. When ownership is provided the employee is more likely to feel like they have an investment in the business and this in itself leads to a stronger organisation. A strategic plan provides a mechanism to enable delegation and transfers responsibility to a broader cross section of your organisation.

A good strategic plan will have a number of key goals and actions, each of these to be assigned to individuals with defined completion dates. Depending on the complexity of the goal it may require a number of reporting milestones. The goals should be assessed and reported at least quarterly by senior management.

Remember – A strategy which relies simply on cost cutting, is not a strategy, it is simply a race to the bottom.

Our Approach

We will meet with you and discuss your requirements, key business inputs, past years trading results and competitor analysis.

We begin by asking six key questions:

  1. Where do you want the business to be in 3 years?
  2. How have your top 10 customers changed in the last 3 years?
  3. What new products have you developed in the past 3 years?
  4. How has your market changed in the past three years?
  5. What are your top 10 business risks?
  6. What regulatory changes have or are likely to occur?

Our experience has also shown that often employees are best placed to provide an insight into risks and opportunities, but are often untapped in the strategic planning process. We believe that each organisation will require a different method of harvesting these ideas and therefore, Illume will individually plan with you the best strategy for your business requirements.

Our Experience

At Illume we have had several years’ experience in preparing corporate strategic plans. These prior plans spanned periods of over a decade and considered market, regulatory, technology and efficiency changes.

We have developed plans which motivate contractors and employees, which on face value increase the costs of the business, but when linked with other productivity drivers create a win / win situation.

When developing strategic plans and goals, we make sure they are multi-dimensional. There is no sustainability in reducing costs, lead times and plant return-to-service times only to see a higher number of safety incidences and product recalls.