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Operational Toolkit
A Guide to Writing Strategy
Many Small Medium Businesses (SMBs) or Business Units within large companies lack a clear and comprehensive strategy that allows them to focus on the key priorities for future growth. In this document, we break down strategy creation into a simple guide to provide a starting point for executives to plan their activities. We focus on the 3-year plan and structure the sections in a way that mirrors a strategy document for the company. For each part, we specify the relevant content alongside suitable examples. This template is by far no means a fully developed strategy document, as we intend to provide a guide to starting the strategy work that then can be expanded based on the company’s requirements. If the enterprise seeks further support, Demkovitz Consulting also offers bespoke strategy planning services as well as its implementation.
A Model for Effective Budgeting
In the current business landscape, nearly all organisations engage in budgeting and annual planning processes. At one extreme, we observe small entrepreneurs who rely on intuition to estimate costs and revenues. At the opposite end, large corporations utilise sophisticated analytics to inform their forecasts. Our aim is to establish a robust foundation for sound budgeting practices tailored to the needs of Small and Medium Enterprises (SMEs) and startups.
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