Middle East Business Consulting has helped a diverse range organizations with strategic balanced scorecard and performance management system development and implementation. Services can vary from a comprehensive role in which a team of consultants leads the engagement, to more of an advisory role in which the client team takes the lead role.
Middle East Business Consulting offers services related to:
Strategic Planning
Strategy Execution
Alignment Optimization
Advanced Performance Measurement
Strategic management is the comprehensive collection of ongoing activities and processes that organizations use to systematically coordinate and align resources and actions with mission, vision and strategy throughout an organization. Strategic management activities transform the static plan into a system that provides strategic performance feedback to decision making and enables the plan to evolve and grow as requirements and other circumstances change. Strategy Execution is basically synonymous with Strategy Management and amounts to the systematic implementation of a strategy.The general purpose of doing it is to combine the energy of organization’s functional areas into one focused effort to achieve superior performance. It is usually done through the many steps of the process.
In essence, it answers the following 3 questions:
Where the organization is at the moment?
Where does it want to go?
How it will get there?
Strategic management is not about predicting the future, but about preparing for it and knowing what exact steps the company will have to take to implement its strategic plan and achieve a competitive advantage.Requirement for sustained competitive advantage. Competitive advantage is what keeps great organizations ahead of their competitors. Rothaermel pointed out that the company, which has a competitive advantage, performs financially much better than other companies in the industry or better than the industry average. Some companies may achieve it without thorough strategic plan but for the most players out there it is vital to plan strategically, i.e. analyze, create, implement and monitor, and do this continuously. It is not guaranteed that companies will ever achieve competitive advantage conducting strategic planning but it is an essential process if the company wants sustain it. Views things from broader perspective. The other reason why the organizations don’t simply rely on their finances, marketing or operations functional areas to create competitive advantage is that managers of each area often view things only from their own specific angle, which is too narrow view for the whole organization to rely upon. Only the managers (e.g. or strategic planners) who see the whole picture of the company and its surrounding environments can make the decisions that bring the competitive advantage.