Full Suite of Products and Services
Business plans: Every business faces a unique set of challenges, and whether you are considering starting your own business, are a relatively new company, or are well-established, each challenge you face has a unique solution. We will help you determine the appropriate business plan (organizational, cultural, operational, etc.) that is best for your company in order for you to succeed.
Strategic plans (development and refresh)
Strategic plan development: This concept goes by many names: focus, direction, strategy, game plan, roadmap, outcomes, etc. Regardless of what you call it, every company needs a strategic plan of some kind to be successful, competitive, and sustainable in the market. Here at RAND Strategic Solutions, we help you create your roadmap to success. We will specify what you want to accomplish and by when, identify the challenges you face, and provide you with an executable strategic plan that outlines the steps you need to take in order to achieve your goals and ensure your company is headed in the right direction. Your strategic plan will include mission, vision, and values statements that support your SMART strategies. We will also perform a SWOT analysis that informs your strategic plan and your risk profile.
Strategic plan refresh: Many organizations, large and small, make the fatal mistake of spending significant time and money to develop a great strategic plan, and then it sits on the shelf and collects dust. You should at least annually review and assess your strategic plan to make sure it’s current and determine whether or not you need a course correction. RAND will be the third-party reviewer of your plan and its associated processes. We will help you update your goals and objectives; and provide you with valuable insight on opportunities for improvement.
SMART goals and objectives
SMART goals and objectives: Every company should have goals and objectives. Goals and objectives are the directional statements identified by your company’s Board of Directors, CEO, and senior leadership team that guide the company at the enterprise level. But are the goals and objectives SMART? Specific, Measurable, Achievable, Realistic, and Timely. RAND will create SMART goals and objectives for your organization and add to them initiatives, tactics, milestones, metrics, and outcomes to create your roadmap to success.
Key enterprise risk identification
Key enterprise risk identification: Do you really know what keeps you up at night about work? Let RAND ensure that you have identified the top three to five key risks across your organization that can prevent your success. Once these risks are identified, their impact on your company, should they occur, is then assessed and quantified so that appropriate mitigation actions may be taken.
Key enterprise risk mitigation
Key enterprise risk mitigation: OK, so you know what your risks are. What are you doing about them? We will work with you to develop a mitigation plan that consists of the appropriate actions and controls (e.g., social media monitoring, dual controls) that eliminate or diminish the effects of a potential and probable risk.
Scorecards and metrics
Scorecards and metrics: You work hard to be profitable and move the needle forward. Don’t you want to measure your progress? By developing metrics, RAND will create for you progress reports (scorecards, dashboards) containing KPIs (key performance indicators) and other pertinent information relevant to your company and industry. We will also show you how to measure your performance against your strategic plan and risk profile.
Scenario planning: Did you ever wish you had a crystal ball to know what the future holds? We all do, and we all know that doesn’t exist. However, successful businesses use a variety of best practices, including scenario planning, to help them better prepare for times of uncertainty (the future) and build a robust and flexible strategy. Scenario planning is used to capture a range of future uncertainties and qualify them in more concrete terms to describe alternative situations/environments a company may face. You then perform a gap analysis to be prepared!
Enterprise integration: Many companies suffer from business silos that prevent informed decision making, create ineffectiveness and inefficiencies, and reduce the bottom line. At the enterprise level, the strategy, risk, performance, and resource management functions should be aligned and connected so that everyone is on the same page regarding where the company is going, how we’ll get there, and what it will cost. Then, the various operational or functional areas in the company should be talking to each other to ensure they are not at cross-purposes. RAND will properly sequence and integrate these usually disparate processes for you.
SWOT analysis: This tried and true best practice is used by leaders worldwide so they can analyze their company’s strengths, weaknesses, opportunities, and threats. This information informs your strategic plan and risk profile and provides the basis for a robust gap analysis of your company. Let RAND facilitate this for you today!
VOC (voice of customer) analysis
VOC (voice of customer) analysis: We all know that what we say and what someone else hears can be two completely different things. The same goes for you and your customers. RAND uses this technique to capture both your internal and external customers’ expectations, preferences, and aversions to determine if their needs are being met by your company, products, and services.
Business process optimization
Business process optimization: Here at RAND, we strongly believe that there is always opportunity for improvement, so if you want to raise the bar, let RAND analyze your company’s processes. In doing so, we can transform them into their most effective and efficient states to reduce or eliminate redundancy and non-value-added steps as well as identifying and mitigating risks in these processes.
Customized management consulting
Customized management consulting: RAND brings a wealth of experience, knowledge, and expertise to the table. Let us develop a course of action specifically for your company to help you solve the business challenges you face.
Change assessment: Change is good! By looking at your company structure, operational processes, and leveraging your SWOT analysis, we will determine whether or not there are opportunities to do things differently (change) so your company is more effective, efficient, productive, and profitable.