Developing a vision, strategy and corporate objectives
Project goal
- Developing a feasible concept for the future, comprising a vision and suitable strategy.
Where will the company be in 5 years, and how will this be achieved? - Defining the future product portfolio and identifying further appropriate markets and industries
- Challenging and revising the business model
- Engaging and including employees
Procedure
- Analyzing strategic orientation regarding:
Product portfolio, core expertise, competition, customers and their requirements - Working together with employees to develop company values
- Defining and formulating company vision
- Working together with management to develop and decide on the appropriate strategy
- Deriving an initial feasible catalog of measures with measurable annual goals
Results
- Clear understanding of how the company will develop over the next years
- Handover of measurable annual goals to management for them to implement with their teams
- Implemented variable remuneration model focused on achievement of annual goals
- Improved individual responsibility and identification with the company