Strategy & Implementation: What is the real direction?
A robust strategy lays out a venture’s course and bearings, aligning its operations and market position for success. The implementation plan that follows should reinforce the strategy, providing a stepwise roadmap to convert your opportunity into reality. Without both, your venture could fall short of its potential.
Avoid taking shortcuts
Some consultants are tempted to take shortcuts. However, to support success of a technology or venture, we believe that nothing replaces a robust strategy, which should be a thorough plan that demonstrates a deep understanding of:
- The company’s targets and ambitions;
- Upcoming changes in technology;
- The landscape within which the company operates; and
- The forces at work within the company’s industrial sector.
Backed by a sound implementation plan, a robust strategy should provide a detailed blueprint for your venture’s success.
Read how Corelli helped this Biorefinery Consortium with Strategy & Scoping for an integrated bio-refinery to produce high value, low volume chemicals based on sustainable agricultural feedstocks.
Gain two perspectives not one
The sustainability and robustness of your strategy relies on how well different operational perspectives are considered when formulating, articulating and implementing it.
This requires a rare combination which Corelli Consulting is uniquely qualified to provide: technical and operational perspectives with clear insights into commercial drivers. Understanding these profound forces in your company’s operating landscape is crucial to your ability to capture upcoming opportunities. Contact us to explore how we can assist.
Be sure of bio-industry experience
Corelli Consulting specializes in bio-manufacturing and bio-industry - from industrial enzymes, chemicals and plastics, energy and fuels, to food, food ingredients and nutraceuticals. We also work in biomedical, including medical devices, diagnostics, drug development and stem cell therapies.
We work with diverse stakeholders, from manufacturers, end-users and investors, to inventors, government and policy makers; we understand these markets and mindsets at a deep level. We have devised numerous biofutures strategies and implementation frameworks that point the way to commercial success for varied bio-industry clients.
Strategy and Implementation: our approach
Our approach is to:
- Evaluate the industrial landscape within which the company operates, from the perspective of market and technology trends and drivers;
- Understand the company’s core skills and capabilities as well as the technology portfolio and current product focus;
- Recommend strategic options which leverage the company’s existing core strengths and correspond to opportunities and trends in the marketplace;
- Evaluate new product and services opportunities;
- Identify key competitors in the target market, and assess the company’s chances of becoming a market leader;
- Assess risks, gaps, challenges and limitations associated with adoption of strategic options;
- Identify key players in relevant industry sectors who have the potential to become strategic partners;
- Outline the key deliverables of the strategy; and
- Scope the critical milestones on the timeline for rollout of the strategy.
Scoping Studies: What is the full scope?
A scoping study provides a ‘big picture’ view of what underpins a venture or technology as it operates as a business over the longer term. Without this high-level view, there’s a danger of overlooking vital elements or lack of cohesion between elements during the strategy development that follows.
Scoping studies can be used to interrogate the feasibility of expanding an existing business, or to develop a business plan for a new technology-based business opportunity. Scoping Studies can utilise stakeholder reviews to assess the technical and commercial realities of the opportunity.
At Corelli Consulting, we use scoping studies primarily to gain a helicopter view of how the various elements we’ve examined fit into a coherent business framework. The key elements are:
- Market assessment;
- Competitor analysis;
- Technical due diligence;
- Assessment of the supply chain, value chain and route to market; and
- Risk and gap analysis.
In some cases, we use a specialist third party to build a financial model to validate the business case, understand the sensitivities underpinning the assumptions, and estimate the time to value uplift and revenue generation. For instance, the modelling of a business over a 5-10 year timeframe can illustrate what the revenues might look like over time, when the break-even point occurs, the need for continued investment, and more.
The result is a high level assessment of the commercial architecture of an opportunity and its strategy for success, together with an evaluation of limitations and hurdles. Contact us about a Scoping Study to support your technology or venture.
….she developed a deep understanding of our market place, its dynamics and levers…and provided us with an excellent and detailed report covering not only the company’s future and its opportunities in the longer term, but also about the current hurdles we faced executing our short term goals.
What she provided was clear, easily understood and executable.."
Post-consumer Materials Recycler
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