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Typical remark from many attendees after participating in a Freedom2Act Board Strategy Day.
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 the participants – but only for one day. It will create extraordinary results in a minimum of time!
Board Strategy Day provides a total immersion in your company’s critical issues. It is a mental workout in which all participants make a high-intensity, 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.
The process is guided by the Freedom2Act Commercial Due Diligence™ business analysis system, a cloud-based expert system, to accelerate the process and to record the entire process.
By the end of the day you will have a comprehensive commercial due diligence augmented by an operational mitigation plan.
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 philosophy is the same as companies increasingly apply it to manufacturing, sales, administration, and to other parts of their process. The principle? Lean - cut the slack!
There is no slack in our Board Strategy Day!
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 Board Strategy Day those steps are speeded up into one unified process, with everyone involved, at the same time, under the same roof.
The management team brings data, requested by the facilitator in advance.
The process starts with a fact-finding covering your company’s total environment including its resources for the most important business areas. The system supports Danish, English, German and Swedish.
The fact-finding process stimulates discussions among the participants, leading to joint positions on each issue.
Then the unique Freedom2Act business analysis software performs an advanced SWOT analysis rating the more than 300 business-related factors investigated during the fact-finding process - vital input to the corporate strategic plan.
Results are presented in the form of clear visuals and comprehensive reports that are easily converted into an operational action plan.
The process is the catalyst for increasing the company’s ability to realize its vision and reach its long-term financial goals.
The most important benefit in using the Board Strategy Day 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 to a traditional method are obvious.
So are the cost savings, typically ten thousand Euro.