It is sometimes hard to work on the business, when you are in the business. VIRIA can provide a fresh set of eyes to review your plan and identify new opportunities.
Strategic Planning and Review
Do you know where you are going, and how you are going to get there?
VIRIA helps its clients develop and review their vision, mission, and goals and to map out measurable ways to achieve these within a defined timeframe. Strategic planning engages the Board / governing committee and management to develop short term and long term organisational goals, while maintaining awareness of external stakeholders, potential opportunities and threats, and regulatory issues. The output of a strategic planning process is a written document that contains key performance indicators that can be used by the Board to track whether goals are being met by management and the organisation as a whole.
Strategic planning can be applied to projects, organisational components or whole businesses/organisations. Combined with a gap analysis, strategic planning can also help organisations to identify where resources are needed for successful implementation and can help to develop staff training plans.
Business concept testing and business modelling
How are you making your money, and how sustainable is your revenue stream?
An organisation’s business model is the way it generates income in order to meet its costs, and generate an operating surplus. VIRIA helps its clients to research the existing or potential market in order to identify whether the business concept is sound or needs amending/updating to take account of new technologies, competitors or environmental change.
Identify where your income is being generated and what happens when different income streams are changed; or compare your income streams with those of your competitors; model the results to compare return on investment from different product/service mixes. Identify gaps in revenue generation and confirm your value proposition to your customers.
Commercialisation
Got a new product or technology that might benefit your market? VIRIA can help you to compare it to existing products on the market and determine the best means of commercialisation.
Identify potential new markets, improve your market reach and re-design your products or services to take account of new delivery methods, emerging competitors and new technologies.
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