The Big Question of the Week ― What is a Corporate Strategy Plan?

On Thursday, February 28th we’ll be hosting a free Corporate Strategy Planning  webinar at Magate Wildhorse.

Many curious about the event had the following questions.

What is a corporate strategy plan?
Is it the same as a business plan?

Here are the differences between them.

While both plans are used for guiding organizations, they differ in scope, who, when, and how they are used.

Let’s start with the business plan.

The business plan is typically what a small or micro-business uses during its start-up phase. A large organization might also use a business plan for getting a new line of business or initiative off the ground. It supports the period of executing, testing and adjusting for viability at the start.

In a small nutshell, start-ups use their business plans to articulate, help them organize, and guide them in relation to why, how, who, and what they will do to produce their solution, market it, sell it, and make a profit.

 How they put the business plan to use:
  • To say what business, they are in;                                                                              The business you are in does not necessarily wear the same name as the products or services that you produce and sell.
  • To articulate how they will bring their solution from concept to a profit-making product or service, as well as the resources and actions that are needed to make that happen;
  • To define their customers, and say how they’ll reach them;
  • To say how they differ from the competition;
  • To highlight barriers, challenges, constraints and how they will work around them or remove them;
  • To help convince funders to invest in their businesses;
  • To tie a budget to delivering the planned solutions to the market and customers identified in that plan;
  • To highlight their strengths, weaknesses, opportunities, and threats;
  • To say what success should like including― the amount of money they intend to earn that year; and projections for another year or two; and
  • To say how they will wrap up the business in the most painless and beneficial if not profitable manner should there be the need to do so.

Now, let’s look at the corporate strategy plan.

The Corporate Strategy Plan is used by larger organizations with multiply programs and business units, or both. It is also used by entrepreneurs who have exited or is preparing to exit the start-up stage. Typical examples of such organizations are government departments, non-profit organizations, development programs, and larger private sector entities.

Big difference 1: The corporate strategy plan is used by organizations who are already in existence and who are looking to grow and improve.

How they use the Corporate Strategy Plan:     

  • To articulate the organizational strategy, the strategic direction, and for allocating resources in order to deliver the strategy.
  • To focus on agility, gaining the competitive edge over time, and incrementally, or completely within the plan period depending on how that edge is to be achieved.    It focuses on new capabilities and positioning to seize future opportunities.
  • To answer the question “where are we today?”                                                          The answer to which includes a focus on the organization’s results (including the financials), position in the market, etc.
  • To answer the question “where do we want to be?”                                             Here the answer focuses on the ambitions of the organization, the big problem(s) to be solved and for whom, objectives, and goals etc. It is in answer to this question that organizations arrive at what Jim Collins call BHAGs (Big Hairy Audacious Goals —pronounced Bee Hags). 
  • To answer the question, “What could prevent us from getting there?”
  • To answer the question, “How will we get there?”,                                              here is where priorities must be made and guide for tactics comes into play.
  • To answer the questions, “What should success look like?”, and “Are we on the same page?”, “Who is responsible for what?”
  • To guide execution.
  • To schedule time to step back analyze and reflect on the results, gather, and share learning (monitor, evaluate, assess), adjust the strategy, and improve.
  • It is also used is securing funding by government departments, development programs, and negotiating deals.

The Corporate Strategy Plan is usually elaborated into a 1-year Strategic Operational Plan asl known as the SOP or Operations Plan. The SOP contains details of what and how the first, second, third, fourth, or fifth year of the Corporate Strategy Plan is to be executed (Some entities use a 3-yr, 5-yr, and less frequently a 10-yr Corporate Strategy Plan)..

Corporate Strategy Planning, also known as long range planning should not start at the Board Retreat or the Strategic planning workshop.

Register here: https://www.facebook.com/events/2162653983818368/

To learn more you are invited to join us this Thursday, February 28, 2019 for a webinar on Corporate Strategy Planning.   Please visit the following link for details as well as to complete the registration form in order to receive a link to the webinar.

top question of the week strategy feb 26 smart

 

    Magate Wildhorse Instagram button

 

Marketing Change: Climate Resilience & Green Fund Programs

Marketing Change Climate Resilience

Be with us

for the webinar

“Marketing Change: Climate Resilience & Climate Fund Programs”

Join us on Wednesday, April 17, 2019 at 10:00 AM

Presenter: Meegan Scott

Duration: 45 mins. (Including Q & A).

You are welcome to submit challenges and concerns you have regarding the topic prior to the event.

Get on the early birds list. 

Request your invitation to the webinar now, click here.

Looking forward to sharing with you!

The event is brought to you by Magate Wildhorse Ltd.

Magate Wildhorse Instagram button

Don Your CEO’s Hat ― Keynotes

Don Your CEO's Hat Keynotes speaker session

 

You’re running a business and you are an entrepreneur.

So, what if you’re not the CEO of the business you lead?

Why should you care about being the CEO, when you are already the entrepreneur behind the business?

Join us on Thursday, March 14, 2019 at 7:00 PM

For the speaker session: Don Your CEO’s Hat―Keynotes

Presenter: Meegan Scott

Duration: 45 mins. (Including post session networking).

You are welcome to submit challenges you have faced with owning both roles ahead of the session.

To book your seat, please complete and submit the registration form at the “Book my seat”  link below.

Book my seat, please!

Registration deadline: Sunday, March 10, 2019
Looking forward to sharing with you!

The event is brought to you by Magate Wildhorse Ltd.

Magate Wildhorse Instagram button

Corporate Strategy Planning Solution ― Preview Webinar

 

presenter Meegan Scott, Corporate Strategy Solution Preview Webinar

Corporate Strategy Planning at Magate Wildhorse Ltd., find out what it all means.

,Join us on Thursday, February 28, 2019, at 1:00 PM for a lunch hour preview webinar on Corporate Strategy Planning at Magate Wildhorse Ltd.

Format:

  • The Connect & Clarify Session ― Questions & Answers (Case of an Architecture Firm)
  • Journey of a typical solution
  • Answers to your pre-submitted questions
  • Session Q & A

Presenter: Meegan Scott

Duration: 45 mins.

Please submit your registration form at the link below to receive link to webinar.

https://goo.gl/forms/1e09iPSqYYH2IAU83

Registration deadline: Tuesday, February 26, 2019
Looking forward to sharing with you!

Magate Wildhorse Instagram button

Corporate Strategy Planning ― with Heart & Fun

Corporate Strategy Planning Solution Magate Wildhorse Ltd Serious Business with heart

Corporate Strategy Planning at Magate Wildhorse Ltd., means
serious business with heart.

The journey

  1.  connect and clarify meeting
  2. a strategic organizational assessment
  3. organizational assessment & development proposal
  4. strategic review w Board & ED/CEO
  5. facilitated strategic planning meeting(s) & training workshop
  6. strategy communication session (s)

Every step is sandwiched by stakeholder engagement

Plus

  • We’ll help translate your Corporate Plan to a 1 yr. Operational Plan.
  • We’ll help develop your Performance Management tools.

Serious business with heart and care for your pocket!

Available internationally: face-to-face, virtual, remote, blended face-to-face & online!

Request your connect & clarify meeting now!

Or send a request for proposal (RFP).
Click here.

Preview Webinar

Of interest to government departments, entrepreneurs, non-profit leaders, leaders of international development projects, cluster managers, leaders of private sector development agencies, economic development agencies, & other third sector managers & leaders.

Join us on Thursday, February 28, 2019, at 1:00 PM for a lunch hour preview webinar on Corporate Strategy Planning at Magate Wildhorse Ltd.

 

Please submit your registration form at the link below to receive link to webinar.

https://goo.gl/forms/1e09iPSqYYH2IAU83

Registration deadline: Tuesday, February 26, 2019
Looking forward to sharing with you!

Magate Wildhorse Instagram button

Scoop on Magate Wildhorse Ltd ― get it here!

With just a click.Magate Wildhorse Ltd  Strategic Management & International Development Practise  Instagram  Follow Magate Wildhorse Ltd on Instagram Corporate Strategy Plans, Evaluations, Organizational Assessments, Market Research, Environmental Scans, Strategic Executive Coaching, Strategic Executive Coaching, Critical Friend Evaluation Solutions

The Minute Book Saved The Day! Tell Us About Your Experience.


View this post on Instagram

The minute book saved the day! Tell us about your experience. 1. Tell us about a time when your Minute Book saved the day. 2. What are some novel ways in which you have used your Corporate Minute Book? Thanks for sharing! Give, receive, and grow a stronger business in 2019. This challenge is brought to you by Magate Wildhorse Ltd. Your performance catalyst, strategy expert, and scale-up coach. We bring urgency, accountability, fun, reflection, learning, and flexibility to helping you deliver your strategy! We will help you find your performance one drop! Find your success rhythm today! Find out how we can help you to improve the results of your organization today! Click that message button and drop us a line. Have a Wonderful Wednesday! #businesssuccess #strategysuccess #minutebook #savedtheday #scaleupcoach #strategyexperts #performancecatalyst #youronedrop #successrhythm

A post shared by Magate Wildhorse Ltd (@magate.wildhorse_ltd) on

Minutebook challenge scale up coach black history month business tip accountability

Join Us in Celebrating IDW2019

International development week 2019 celebrating #IDW2019 IDW2019 gender equality

Celebrating International Development Week 2019

We’ll be joining you in celebration this week.

And we’ve got a thing or two for helping you to achieve your development objectives.

Gender equality, gender equity, rights-based, gender-focused― we’ll help you get it right.

Improve your results. Advance progress towards gender equity with effective behavior change marketing, gender-focused planning, webinars, stakeholder engagements, or evaluation.

Let’s talk!  Contact us to schedule a meeting today!


 

We Made It in Time to Help You Succeed!

organizational improvement solutions, economic development agency solution, entrepreneur scale-up solutions notforprofit, government department critical friend evaluations corporate strategy planning magate wildhorse ltd trust and reputation solutions

Who is this piece for?

Organizational leaders looking to grow and improve their results in 2019.

We came packed with solutions to help you attain the ―competitive edge!

We are talking about help with

  • Getting strategic focus;
  • Setting growth indicators that are aligned with your personal and business ambition;
  • Working from your CEO’s hat versus from simply that of the operations manager― (to put it another way, we’ll help you with focusing and acting for driving balanced growth);
  • Creating an actionable corporate strategy plan― for guiding you, and your organization to achieving the tomorrow you want for your business;
  • Communicating your strategy to your team so your people will line up, fully committed, and working to deliver your strategy;
  • Market research for ensuring you are aware of changes in your environment that could quickly become threats, risks, or opportunities;
  • An evaluation, or an organizational assessment for boosting organizational learning, strategy execution, improved results, better understanding of and communicating your results, or all plus improved funder readiness;
  • Problem solving, or capacity building, and increased levels of understanding for getting the right job done. We bring― workshops, webinars, charrettes, ideation, strategic and creative thinking sessions. Ever hear about our Pepper Pot Sessions for tough conversations and problem solving?

We’re all about growth, improved results, your success, and our success when you succeed!

For the solopreneur, or small business leader― finding your “one drop” or rhythm for success can take longer.  Having us as a critical friend and success partner means the acceleration of that process.

You’ll notice the improvement as you prepare for, and move from one meeting to the next.

For the government department or non-profit organization, we’ll help you turn that evaluation spend into an investment in learning and growth for your organization, even as you meet your funder requirement.

But, why wait for a funder’s request to check on growth?

Why wait for an externally driven request to learn what is going well and what must be changed in your organization?  After all, you’ve got the mandate to run that show!

We know the many reasons, why you don’t get around to it, that is why we have designed, and will work with you to get this essential part of your work done well.

And that corporate strategy plan, we know how that missing performance management system can squeeze your strategy execution to a slow and painful death. We’ve got your back with that one too!

Join a new class, say goodbye to Grade C, and that painful 60-70% failure report for strategy execution!

Economic development agency managers, chief of party, cluster managers, leaders of incubators and accelerators you thought we had forgotten you. Not a chance!

We know why and where business incubation fails.

We know cluster members could use affordable help with strategy execution; we know businesses in accelerators need that objective critical friend or advisor.

We know why development and change projects fail to deliver up to 70% of intended results.

We know that economic development agencies can realize a higher ROI if they had a partner for helping their beneficiaries with execution, and or performance measurement and management.

Look yonder to the image above, we come with a journal to help you and your clients with journaling, reflection, learning, strategy adjustment and performance improvement.

We come with hold your hand care ―plus pressure and urgency to drive success!

We come with a pen, conversations, meetings, tools, and a watch to keep score, track, and help you adjust your strategy and improve your results in time!

Because we are Magate Wildhorse Ltd, we come as that trusted friend to help you through the tough time and to focus on what really matters.

Together we’ll sniff the roses, relax, have fun, share laughs on your way to exceeding expectations.

Expect evidence-based, facts, rigor, organized, planned, synthesis, results, and caring!

Get value for money as you define it!

Let us help you find your success rhythm!

Let’s get the conversation going, message us today!

 

Go for big this year!

Scaling up doesn't happen overnight. We are here to help you do it a step at a time

Go for big in 2019!

Make bold and strategic moves for achieving your business ambition.

Star in your own business show.

Let us help you along the way!

If you’d like to preview a selection of our general services versus our scale up solution visit the following link: https://www.facebook.com/pg/MagateWildhorse/services/?ref=page_internal

Message us for a free consultation today!

Available for serving entrepreneurs through economic development agencies, business incubators, business accelerators, newcomer entrepreneur programmes, workshops, and speaking engagements.

#boldmoves #businessambition #goforbig #starinyourbusinessshow #findyouronedrop #positionforgrowth #scaleup