Business Strategy
Are you looking for a solid business strategy that will give you a competitive advantage? A well-crafted strategy can help you stay ahead of the competition and achieve your long-term goals. Novonto Branding can help you create a step-by-step plan to reach these goals. Our team of experts will work with you to analyze your current situation, identify opportunities, and create a strategic plan that is tailored to your specific business needs. By joining forces with Novonto, you’ll gain the insights and guidance you need to execute a successful strategy and achieve your long-term objectives.
Moving forward with focus and a plan
Would you like to grow your business and take it to the next level? Do you know you have to tackle some hurdles, but are you unsure as to which steps to take next?
Develop a solid business strategy that will give you a competitive advantage! To make sure your efforts bear fruit, you will need to consider a variety of aspects, such as your brand’s essence and the market in which you operate. But quite some companies forget to ask the most important questions of all: Where do we want to be in 5 to 10 years? What is our big hairy audacious goal (BHAG)? Have we formulated a clear, inspirational definition of our vision and mission?
If you wish to go about research and development the right way, it’s crucial to answer these questions first. Because
a successful business strategy — aligned with a brand
strategy — is a long-term plan that will help you move
forward in a focused way.
From long term to short term: consider your business strategy as a multi-year plan
Where should your business be in 15, 10, 5, and 3 years? And how about 1 year, 3 months, and 1 month from now?
If you call in Novonto Branding’s help to develop a business strategy, we will start by formulating your long-term goal and work backwards to define your sub goals. Then, we will have a close look at the obstacles you need to overcome and risks we can minimize. While doing so, we will determine your strengths and weaknesses so we can enhance the first and work on the latter.
This approach, which is based on strategic planning and a long-term perspective, results in a clear-cut step-by-step plan that management can easily put into practice. To make it measurable, we’ll also define its desired result before we get started. We will then incorporate the plan into a strategy house, including growth drivers and enablers that work toward your goal and support your mission and vision.
As your business will likely change over time, we will re-evaluate the strategy every 2 or 3 years. You may, for example, have adjusted your products or introduced new ones. If you’re trying to stand out in a market where competition is fierce (and it nearly always is), you will want to adapt your strategy accordingly.
A business strategy that propels you into the future
If you join forces with us, we will schedule 4 sessions in which we use the Rockefeller habits to build your business strategy. The result is a step-by-step plan you can implement.
What to expect from the sessions? Here’s an at-a-glance overview!
First things first: during this session, we perform a baseline measurement and determine where you are right now. We consider a variety of aspects, such as revenues, growth, your competitive position, the market, the landscape, your people and their roles, your culture, and the various disciplines.
What are your goals and dreams? What are you currently doing right? What’s your X-factor? The answers to such questions help us define the specific focus goals that form the foundation for a strategy that works.
To achieve your goals, we create a roadmap and schedule. The central question during this session is: ‘How will you realize your objectives?’
Finally, we fine-tune your long-term goal and determine which steps you should take in the coming 2 to 3 years. To ensure pacing, we narrow these steps down to a monthly overview of actions. We then provide you with a clear, concise summary and a more elaborate plan and a more elaborate plan.
