Strategic Planning and Corporate Performance Management
Deloitte’s strategic planning professionals help clients achieve and sustain superior performance by linking tangible actions to a clear corporate vision. We work together with our clients to develop a strategic plan that is robust, yet flexible, sophisticated, yet easily implemented within their organizational context.
Business as usual is not usual any more. This is the age of disruption. Companies that survive – and thrive – are those that plan well and put smart bets for the future. Successful companies regularly scan their surroundings for opportunities and threats, demonstrate appreciation for their own capabilities, and weave innovation into the very fabric of their existence. Their strategic plans are not static and definitely not confined to the board room.
Here at Deloitte, our aim in the context of strategic planning and corporate performance management is to support strategic decision-making and operational management processes by defining actions that are in line with company strategy and determining key performance indicators (KPIs) and balanced scorecards.
Deloitte’s strategic planning approach aims to sustain and increase company value while taking into consideration the overall growth rate of the market. Within the context of strategic planning, all the internal and external factors affecting company development (competition, trends, technology, regulations, demographic change, company location, distribution or corporate assets, company pricing policy, etc.) are evaluated and vision, targets, main initiatives, and corporate level performance indicators are defined.
Parallel to growth, organization and business processes become more complex; and coordination among business units and monitoring goals gain priority. At each level of the organization, performance management helps keep the focus on the crucial targets composing a company’s strategy. For this reason, it is vital to define KPIs and balanced scorecards at corporate, business unit, and individual levels in line with strategic targets.
- Define company vision, goals, main initiatives, and corporate level performance metrics
- Define departmental and individual KPIs in line with main business strategies
- Develop balanced scorecards at corporate, departmental, and individual level
- Determine the data structure and data sources supplying information for KPIs and scorecards, and create action plans if necessary
- Design performance model and processes
- Implement technology solutions in regard to performance management