Taking the next step
Can you articulate your business strategy? What about your managers and your team? Most businesses don’t operate with a strategy but a series of targets – a continuation of the same goal year in and year out with some adjustments to the financial targets.
Businesses without effective strategic planning might be significantly underperforming by utilising the bulk of their resources in areas that fail to produce results, missing opportunities, being exposed to unnecessary risk, or simply growing too quickly.
Strategic planning looks at your business as an asset and how the value of that asset can be improved over time so that when you want to or have to sell, you maximise your return.
Our approach is commercially realistic and focussed on creating a viable road map and implementation path to help you attain your goals. It’s not a sit on the shelf plan or a management ritual that takes up time and is never addressed again.
Clients come to us to help them take their next step or assess the viability of their goals; in the process addressing key issues such as:
- Competitive advantage;
- Sustainable growth;
- Performance improvement;
- Improving efficiency and outcomes;
- Moving from an idea to a vision to a reality;
- Collaboration, mergers, and engaging investors;
- Risk management and planning; and
- Exit strategies.
As Peter Drucker said, “Efficiency is doing things right; effectiveness is doing the right things.” At Hayes Knight, we help you achieve both.
Business Diagnostic
The Business Diagnostic is an assessment of your business as an asset. It’s a management tool identifying critical issues such as:
- Financial analysis including sales trends, profit, operating costs
- Benchmarking against performance of industry peers
- Ration analysis including return on assets, investment, wages
- Funding and the cost and use of cash
- Cash flow and liquidity
- Personnel including cost, appropriateness, training, organisation structure
- Space utilisation
- Competition
- Stock management
- Use of technology
- Marketing and market opportunity
- Risk identification
- Forward strategies and priorities
If you need a starting point for your strategic planning, a diagnostic is a great place to start.
