The TACK business strategy development model incorporates the responses to the question "where to":
Where, in terms of growth and development?
Where, in terms of the organization and its optimization capabilities?
Where, in terms of marketing and positioning?
Stages and outcomes in the strategic process
Stage 1 - Business Strategy
- Analyzing the growth potential of organizational assets (interviews with relevant employees, financial data analysis).
- Market and competitors analysis including market developments and global trends — research studies and identification of core trends.
- Designing the strategic map that illustrates the total solution ensures alignment and enables smooth transition to a unified implementation.
Stage 2 - Organizational Culture
- The process of adapting the organizational culture according to the business strategy includes:
- Clarifying the mission, vision and core values of the organization.
- Designing the organizational culture and structure to support the business strategy.
- Planning change management and its communication.
Outcome of this stage: An organizational culture which supports the business strategy
Stage 3 - Performance Measurement
Control and feedback processes based on the organization's core values and that facilitate availability and transparency of data, leading to increased involvement of managers and employees in achieving goals.
The performance measurements processes led by TACK consultants include organization-wide examination and adaptation in a way that prevents internal conflicts of interests.
- There are four major types of metrics:
- Result metrics
- Output metrics
- Performance metrics
- Managerial metrics
Outcome of this stage: Performance measures in process
Stage 4 - Implementation
- Enlisting the entire management team to the process.
- Planning the exposure and alignment process within expanding management circles.
- Designing internal organizational communication.
- Adapting the Comp & Ben structure to the desired organizational culture and financial targets.
Outcome of this stage: Implementation of supporting processes (communication, management, compensation, etc.)