Key Issue Prioritization
Background & Challenge
The second phase, setting the strategy, built upon this prioritization to address the key issues identified in the assessment phase. Developed jointly through workshops with the respective managers within the company, the key aspects of the new strategy were defined. The organization structure was then adjusted to accommodate the new strategy. A cost optimization exercise ran parallel to the new organization structure, removing redundancies created by the shift to the new strategy in addition to reviewing the current areas of excessive costs. The impact of the new strategy and optimizations were then estimated and a financial model developed estimating the company’s performance over the upcoming years.