Business Strategy Planning
Build an effective strategy
Do you ever wonder why some companies are successful and perform better than others? Or why some are hard to beat and others are not? Well, if a company wants to stay competitive in the industry, it must create and execute a strategy that is good and sound.
A strategy is a long-term plan that you create for your company to reach the desired, future state you envision. A strategy includes your company's goals and objectives, the type of products/services that you plan to build, the customers who you want to sell to and the markets that you serve to make profits.
Before we get into the details of building a strategy, it is vital to understand how a strategy differs from a plan.
While both terms are often interchangeably used, they are two entirely different things:
A strategy refers to an organization’s long-term goals and how it plans to reach them. In other words, it shows the path to achieve the defined vision.
A plan refers to the specific actions taken to reach the set goals in line with the strategy. You may have presented a business plan to raise funding.
The existence of a strategy is a critical success factor for any business.
Essentially, it reflects the strengths and weaknesses of the company and answers how the company plans to respond to the threats and opportunities in the market in which it operates.
A strategy takes into account the resources at hand and how to best deploy them to achieve its set objectives.
KPI’s are a very important aspect to a functioning strategy, but keep in mind that KPI’s are usually internal measurements of what you have accomplished. A strategy is the guiding light on what you want to achieve and as such looks at both internal and external factors to help you become as successful as you want.
That is a very common challenge that we come across and when you are knee deep in the weeds growing your business it is often hard to make the time. That is exactly why using a business coach to help formulate your strategy will ensure you get clarity in your communication to give you the freedom to run your business and not have your business run you.
Organisations We Work With
Shane has been a wonderful support through changing times, helping me gain perspective, sharpen my business acumen, appreciate areas for growth and understand the strength and value of my organisation. He is a fabulous and wise sounding board and I recommend him 100%.
My Shrewsbury Magazine
Shane is an experienced and highly perceptive Entrepreneur with creative flare and an intelligent, analytical approach. Shane was able to accurately prioritise actions that have driven positive change to my business and successfully pushed my product to market.
Shane provided a very informative session on Grants & Funding for Cultivate, a "pre-accelerator" programme aimed at young Agri-tech and Agri-food companies who want to grow and take the next steps. The programme was developed by Harper Adams University in partnership with Barclays Eagle Labs. Shane also offered mentorship to the Cultivate Programme businesses.
Harper Adams University
I engaged Shane to help me to deliver a large public contract providing advice and support to businesses across the West Midlands who had been affected by BREXIT and changes to the EU relationship with Great Britain. He handled all of his assigned businesses with empathy, competence and understanding. A true professional.
Shane delivered an excellent workshop for MSDUKs members. The content was clear, relevant and applicable to the current business context and left our members with practical actions to follow in order to sustain and grow their businesses in these challenging times. In fact, we were so impressed with the workshop that we’ve invited Shane to run it again for members who were unable to attend previously.
We asked Shane if he would work with the AGRI Project on a joint virtual seminar / workshop that would give SMEs in the region an insight into consumer behaviour, understanding your customers needs and how innovation can be implemented. Shane was really easy to work with and we felt that by working together we could offer the businesses attending the event more value. Shane is credible, knowledgeable and very genuine, I would not hesitate to work with him again and would be more than happy to refer any of our companies over to him for additional support.
Harper Adams University
I would recommend Shane Stark with the advice he has to give and the experience he has within the business world to anyone that needs to give their business a boost.
Thank you Shane, you have given me food for thought and shed a light on the what is involved in selling a business. I had a gestalt moment, when the lightbulb came on and all of a sudden, I could see that there ware pathways forward. It was suddenly clear that if I decided I wanted to, I really could get the business ready to sell for retirement which would make sure that all this good work continues beyond my retirement.
The Dyslexic Dyslexia Consultant
I attended Shane’s Regeneration Workshop in June 2020. The content was excellent and well presented by Shane, who also facilitated good discussions amongst the attendees. The time set aside to attend was well worth it, where it gave me an hour to think about my business and how we transition out of the pandemic downturn. Would definitely recommend the course to other business owners.
My Simple Mortgage Ltd
Shane’s Workshop came at a very useful time as the world was getting used to being locked down and especially helpful for those of us running businesses locked to our desks! He gave a comprehensive overview of the challenges we face as business owners needing to better understand the changing needs of our customers. He emphasised that we need to define our business by the problems we’re solving.
Shane’s workshops are a very useful resource to work through and probe key areas of sales activity, marketing and profitability.
Julia M Hughes MA, CIPD
Working Solutions ( Mercia ) Ltd
I am currently working with Shane Stark and recommend you do the same. When you are running a business sometimes you can't see the woods for the trees. Shane's ability to cut through the noise helps you to see things from different angles and helps you to refocus on what's important.
The business support I have received from Shane Stark has been invaluable. I have been able to hone my service offering, set targets and through thought provoking coaching sessions make progress with business growth.
I thought it was just a coincidence that I started to get busier whilst working with Shane; then, I put two and two together. Without realising it, Shane's advice and ideas made me think differently. Things needn't be as complicated as I was making them.