Strategy
What makes a successful strategy?
- Strategic Foundation. A powerful fact data base that drives strategic insights and builds the case for change. Establishes the parameters for business boundaries, rules of the game and competitive position (including leadership economics), customer insights and future outlook.
- Visionary Ambition. A bold, inspiring, full potential ambition that drives sustained profitable growth. Defines what the company hopes to achieve over a given time horizon, balancing stretch goals, outperforming the market, maximizing full potential, inspiring and aligning the organization, with sustainability and achievability.
- When and where to grow. Selecting choices on where to grow: which markets and direction will the business pursue and which it will not. First focusing on growth from the core, expanding through adjacencies where appropriate.
- How to succeed. Making astute choices, successful management opportunities, operating strategies and proprietary assets the company can use. Leveraging business models for success.
- Front Line results. Versatile priorities that follow the money even during economic upheaval and go beyond simple initiatives. This entails mobilization of the front line to embed change and the creation of feedback loops to monitor and adapt. It ensures organizations have addressed key questions: Is the organization fit to deliver? What is the correct operating plan? Does your plan to complete include ways to measure, predict and manage risk?
Our strategic consulting expertise includes:
- Foundations of growth: Only one in 15 companies succeeds in achieving sustained growth. We help companies grow by defining and focusing on their core.
- Business strategy: Effective strategies for business groups requires making in-house decisions about where to participate and how to win. The goal is to enable businesses to reach their full economic potential.
- Corporate strategies: This involves a set of actions that enables a company to be worth more than just the sum of its parts. The most important role of the center is to help business groups achieve leadership positions.
- KLS’s Innovation: KLS works with clients to transform innovation for product development and make big ideas possible by combining our creative strategies and analytics.
- Long-term Sustainability: KLS helps companies develop renewable policies and realize the full potential. KLS helps Identify the impact of new trends and regulations, among other things.
KLS has assisted countless companies in achieving sustained, profitable growth. We view corporate strategy as a proprietary set of actions that makes a business worth more than just the sum its parts.
KLS’s signature approach to business group strategy overcomes the shortcomings of the typical development process, which concentrates on getting to recommendations more than results. In the typical process, substantial time and effort are invested in developing a static fact base and recommendations, with relatively less emphasis on dynamic action planning and execution. The outcome is a strategy that falls into one or more classic strategy pitfalls: it’s not tailored to a company’s specific capabilities and position; it’s too incremental; it’s not scalable; it’s not implementable; it’s not durable; or it’s just plain wrong.
We employ several lenses to help our clients develop creative and innovative strategies. Ideas may be generated from an assessment of changes in the "rules of the game," differentiation via new competitive models, new trends, deep consumer insight, the application of sustainable business practices, the expansion of repeatable models and the mining of underutilized assets or platforms, or "hidden assets." To foster creativity further, KLS uses an approach which helps clients harness the creative and analytical capabilities within a business to revolutionize the ideation process. Our deep industry and functional expertise give us valuable insight into the critical issues our clients are facing. At the same time, our ability to share situational expertise across industry and functional boundaries creates significant value for our clients.
KLS's approach is tailored to swift results by considering options and mobilization efforts early in the process, and leveraging quick wins to build momentum. Critical to this process is communicating early to key stakeholders to ensure buy-in and effective feedback loops that allow management to monitor execution. Mobilization techniques include evaluating challenges to implementation and results by addressing risks, constraints, people and capability gaps from the beginning of the process.
We aid clients in the development of decision making capabilities, which aid strategy development during uncertainty. Scenarios are developed by extrapolating macro, industry and competitive trends to determine likely end states. Since the anticipated scenario may not be the one that pans out, organizations also need a mechanism to develop robust and adaptable strategies, to monitor actual outcomes and to accommodate and to facilitate corrections as needed.
KLS collaborates with our clients to support the critical initiatives that will drive superior performance. We use fact-based analyses and pride ourselves on helping clients create and maintain strategic plans that are focused on bottom-line results.
KLS believes that a sound corporate strategy is a valuable enduring, forward-looking and successful business model.
Corporate strategy should include effective allocation of resources, for the best investment opportunities, raise performance and raise expectations internally and externally, improve a businesses competitive position and add value beyond the sum of its parts.
In the development of a corporate strategy, businesses should consider long cycles and macro-trends while ensuring their plan is resilient and adaptive in times of uncertainty.
A solid corporate strategy appropriately anticipates risk, and uncertainty.
Top-performing businesses ensure their corporate strategy is both intuitive and realistic. It should be easy to communicate internally and externally and also provide for an approach that can be acted on by all KLS groups at any level.
KLS's experts assist clients with their complex strategic challenges. We tailor solutions to help clients achieve growth and emphasize upward mobilization from day one. We begin by assisting clients to out execute and out invest their competitors, thus generating higher returns.
By pursuing up and coming markets, returns are created by satisfying customers and besting the competition.
In a correctly executed business, competitors with superior economics, enabled by capable leadership, often achieve higher profits.
Strategy is the art of allocating limited resources. Companies that are continuous value creators understand their core and focus their resources on achieving maximum potential prior to pursuing other avenues, and then only with ruthless discipline.
Strategies lacking a clear definition of how to succeed, rarely return their initial capital investments. Leadership requires businesses to utilize both assets and superior capabilities to form strong, repeatable differentiation.
Most businesses fail to deliver a superior customer plan; however, sustained value creators are almost three times as likely to get it right. But no matter how good your plan, low cost is critical to staying competitive and fuelling reinvestment.
The reason many strategies are unsuccessful is the failure to change behaviours. Winning strategies are designed for and with the front line and are understood throughout the organization.
Successful companies often build business models based upon winning formulas with well-defined core differentiation, clear non-negotiable that embed the strategy at the front line and feedback loops to adapt continuously and delight their customers more, at an ever lower cost.