Situation
A major global biopharmaceutical organization sought to enhance their annual strategic-planning process. They wanted support to directly assist the Corporate Strategy Group in designing and implementing a new global strategic planning model.
Approach
The consulting work began by establishing shared executive objectives. The team worked with leadership to clarify business assumptions and helped decision-makers understand strategy fundamentals. They collaborated with the Corporate Strategic Group to address process issues related to top-down initiatives, finance alignment, and business unit coordination.
Impact
Through redesigned process flows and clear milestones, the organization prepared executives for real-time strategic discussions. Business units could submit proposals efficiently using a fair vetting process. The initiative dramatically reduced the impact on the Strategy Aggregation and Finance Team, allowing adequate preparation time for board presentations.
Best Practices Delivered
- Individual stream execution and deliverable management
- Project governance and change management
- Concrete milestones and strategic planning calendars
- Cross-functional business unit collaboration
- Robust board presentations and long-range planning