- RTR Management consultancy
- +971 56 474 7847
- contact@straxecutes.com
- +971 56 474 7847
- contact@straxecutes.com
- Mon-Fri 9am - 5pm
RTR Management Consultancy
Strategy Facilitation
Here are the steps involved in the small business strategy process:
1. Define The Business Mission
Begin by defining the mission of the business. This is a statement that outlines the purpose and goals of the business. It should be concise, clear, and specific.
2. Conduct A SWOT Analysis
Perform a SWOT analysis to determine the advantages, disadvantages, possibilities, and threats of the business. This will help you to understand the internal and external factors that may impact the business.
3. Define The Objectives
Based on the SWOT analysis, define the specific objectives of the business. These should be measurable, achievable, relevant, and time-bound.
4. Identify Strategic Options
Based on the objectives, identify potential strategic options. These may include increasing market share, diversifying products, improving customer service, or entering new markets.
5. Evaluate Strategic Options
Evaluate the potential strategic options by considering their feasibility, cost, and potential impact on the business. Choose the most suitable options for the business based on this evaluation.
6. Develop An Action Plan
Develop an action plan to implement the chosen strategies. Formulate a plan which consists of actions, timelines, resources and the distribution of responsibilities accurately and specifically.
7. Implementation
. Implement consistent monitoring and regular follow ups, any changes that occur can be handled and adjusted within the action plan effectively and immediately. By following these steps, a small business can develop a clear and effective strategy to achieve its goals and objectives.
We are a group of skilled professionals ready to provide tried and tested consulting practices, strategies and methods with proven results. This further enables our clients to succeed in a competitive business environment.
