The first step in strategic planning is to analyze the marketplace in which you operate. This involves an evaluation of consumer trends (e.g., category growth, emerging niches such as healthier foods, natural and organic foods, and social trends affecting your category) and geographic markets (e.g., domestic versus export, emerging economies versus developed economies), with an intention to identify the opportunities and challenges your business faces. PVC strategic planning services help to ensure that you address all market dynamics which may affect your business.
Change Management and Process Reorganization
Once you have analyzed your market, the next stage of strategic planning covers customer and distribution channel trends (e.g., grocery retailing versus foodservice, or specialty channels such as health foods or ethnic markets) and the effect they may have on your business. You must also look at your competitors for trends and changes in their strategies, as well as the potential for new entrants challenging and substitutions for your products. PVC strategic planning services assist with this analysis and proceed to examine your internal strengths and challenges in order to determine how you can improve your potential through change management and process reorganization.
Strategic Plan Development
Once the above analyses have been made, PVC strategic planning services coach and facilitate the development of your vision for the future of your business, your strategic plan to achieve that vision, the actionable procedure(s) to execute your strategic plan with specific goals and objectives, and the system you'll follow as you monitor your progress.
Alternative Technology Solutions
Scanning the marketplace to identify which emerging technologies—whether related to your product, production or information management—should be considered in order to improve your competitiveness. PVC strategic planning services can assist in this review and in the cost-benefit analysis of such changes.
For further information, please contact Paul Valder Consulting.