Fixing the puzzle of the bridge between strategy and execution.
Most companies puts together a three year strategy, supported by an Annual Business Plan. Then everything changes! Brexit happens, the oil price goes up, exchange rates crash. What companies need is a formal monthly process to recognise the changes, and then make informed decisions based on properly thought through scenarios - using a rolling 24-30 month plan for Innovation, Demand, Supply, Finance and HR - all linked together.
Our IBP [Integrated Business Planning] workshop will allow you to learn and share thoughts and ideas on how to implement this critical business process. Dave Anning - A Vice President of IBP with Smiths Detection - will give you real insight into how to make it a success in practise.
It sounds like a common-sense process, but to make it work, it needs the basis of integrated systems and processes. It needs discipline to run the formal monthly process. But above all it needs one plan based on one version of the truth, based on honesty and realism. The problem is that many senior managers - when measured against challenging targets - always fall into the trap of not telling it as it is. They are optimistic about what they will sell, and are optimistic about what they can deliver. Telling the truth can be career limiting. It requires a change of culture throughout the organisation.
Hence the basis of the way that Directors and Managers are measured and bonussed needs to change if a proper realistic plan - with scenarios - is to be put together. They need to be put together understanding the potential of the market balanced against the demonstrated capacities of the supply side to deliver, translated into real financial plans. The problems and issues need to be worked through at detailed and at aggregate level.
The strategy can only be made to happen if you plan far enough out all the time - and are not permanently focussed on meeting short-term targets.
Fenchurch Street is in the heart of London where the next few years will see unprecendented change in exchange rates, interest rates, inflation, and tarriffs as part of the momentous Brexit decision. IBP will help you manage the changes in an organised way. It is a great place to come and challenge the way things are done.