Use the Freedom2Act Executive Weekend approach to quickly and efficiently map your company’s strategic opportunities and significant risk areas; to create initiatives aimed at increasing your company’s ability to realize its vision and reach its long-term financial goals.
That is the first remark from most attendees after participating in a Freedom2Act Executive Weekend.
All companies need to rethink their strategies now and then - in today’s fast changing business climate, more than ever. In most cases this tends to become a long, cumbersome process, perhaps also involving a host of highly paid consultants.
It is about a highly focused, intensive process that will require very active involvement from your management team – but only for three days. It will create extraordinary results in a minimum of time, during an extended weekend. If you prefer, you can split it up into two parts: two consecutive weekdays, followed by the concluding workshop day a few weeks later.
Executive Weekend provides a total immersion in your company’s critical issues. It is a mental strategic workout in which all your team members make a high-intensity, highly structured effort to optimize their thinking in a short time.
The key resource is your own team, with its in-depth familiarity with your company, supported by authorized consultants from Freedom2Act or one of our partners. We use the Freedom2Act Commercial Analysis™business analysis system, a cloud-based expert system, to accelerate the process and to record the entire process.
By the end of the second day, you will have a SWOT analysis of your company with ratings of 140 business-related factors for each of your company’s 4 to 7 most important business areas - vital input to the corporate strategic plan. The analysis will have been worked out in complete partnership with everyone concerned, and with fully shared responsibility.
The philosophy is the same as companies increasingly apply to manufacturing, sales, administration, and to other parts of their process. The principle? Cut the slack!
There is no slack in our Executive Weekend!
A typical strategy consultant uses weeks for lengthy interviews, intermediate reports, long meetings with separate groups, finally pulling it all together into a combined approach.
In the Freedom2Act Executive Weekend those steps are speeded up into one unified process, with everyone involved, at the same time, under the same roof.
The top management team brings data, requested by Freedom2Act in advance.
The process starts with business mapping viewing the businesses with the customers' eyes followed by a computer-supported online interview.
The interview spills over to the second day and covers the company’s total environment and most important business areas.
The factfinding process stimulates discussions among the team members, leading to joint positions on each issue. A checklist, with all questions and answers, is signed off at the end. The system supports Danish, English, German and Swedish.
Then the unique Freedom2Act business analysis software processes all the information and delivers a comprehensive report with charts, graphs, tables and detailed conclusions.
The report provides, in clear visuals, the main factors that may be crucial to the company. In addition, a list of all critical risk areas is generated.
Each key factor can then be given time and attention and decisions made.
The management team works out a fully documented action plan aimed at eliminating the critical risk areas revealed during the fact-finding process. The process is the catalyst to increase the company’s ability to realize its vision and reach its long-term financial goals.
At the end of the process, the management can share a deep feeling of achievement. They emerge as a team, each having had their chance to contribute.
Every participant buys into the results, having been party to their creation and at the same time, having heard the opinions and priorities of the others.
The most important benefit in using the Executive Weekend approach is the quality of the process. More than a thousand businesses have been analyzed using the method, and every analysis has proven to be correct.
The time gains in comparison with a traditional methods are obvious.
So are the cost savings, typically tens of thousands of Euros.