RFC archive for case studies on its services across its global client portfolio. Building value and scaling brands, Ruskin Felix Consulting provide the best end-to-end solutions through strategy and management.
At RFC, we are proud to showcase our work for Alcoret, a company that is developing an exceptional gaming experience with its own platform token that is based on the metaverse. We have provided Alcoret with comprehensive investor documentation, such as IM, whitepapers, decks, strategy, and financial model for their game. These documents highlight the mission, vision, value proposition, market opportunity, competitive advantage, customer journey, partners, and tokenomics of Alcoret and its game. We have also conducted market research, competitive analysis, regulatory assessment, and valuation estimation for Alcoret and its game. These analyses provide valuable information and insights on the current and future trends, challenges, opportunities, risks, and strategies in the gaming industry.
The gaming industry is a rapidly growing market that is expected to reach USD 256.97 billion by 2025, growing at a CAGR of 9.17% during the forecast period (2020-2025). The market is driven by factors such as the increasing demand for immersive and interactive entertainment, the rising adoption of mobile and cloud-based gaming platforms, the growing popularity of esports and live streaming, and the favorable government policies and initiatives for gaming development. The market is also facing challenges such as high development and operational costs, limited scalability and variety of games, technical and security issues, and lack of skilled labor and expertise. The market is segmented by platform (console, PC, mobile), genre (action, adventure, role-playing, simulation, sports), mode (single-player, multiplayer), revenue model (free-to-play, pay-to-play), and geography. Alcoret aims to target all these markets.
One of the emerging trends in gaming is metaverse, which is a virtual world where players can create their own avatars, interact with other players and objects, and build their own reality. Metaverse can offer a more immersive and engaging gaming experience than traditional games, as well as enable new forms of socialization and creativity through Alcoret. Metaverse can also leverage the power of blockchain technology to create a secure and transparent ecosystem for players to own and trade digital assets using platform tokens.
Alcoret aims to tap into this lucrative market by offering a unique and innovative game that takes players on a journey through space exploration and development. Alcoret is a metaverse-based game that uses blockchain technology to enable players to experience a virtual world where they can build their own spacecraft, discover new planets, and encounter alien species. Alcoret also uses its own platform token, which allows players to access various in-game items and features, such as customizing their spacecraft, purchasing resources, and participating in missions. Alcoret supports all gaming styles, including casual, hardcore, and social. Alcoret covers all aspects of space adventure for players of all ages and includes features such as immersive graphics, realistic physics, dynamic events, and multiplayer mode.
We believe that Alcoret has a promising business opportunity and a strong competitive edge in the gaming market. We recommend that you consider investing in or partnering with Alcoret to benefit from their game and vision.
We have provided comprehensive project documentation, such as IM, decks, strategy, and financial model for the Pediatric Hospital’s project. These documents highlight the mission, vision, objectives, outcomes, activities, budget, and timeline of the project. We have also conducted market research, risk assessment, stakeholder analysis, and impact evaluation for the project. These analyses provide valuable information and insights on the current and future trends, challenges, opportunities, risks, and strategies in the maternal and child health sector in Nigeria.
The maternal and child health sector in Nigeria is a critical and urgent issue that needs to be addressed. Nigeria has one of the highest maternal mortality ratios in the world, with 917 deaths per 100,000 live births. The under-five mortality rate is also high, with 132 deaths per 1,000 live births. The main causes of maternal and child deaths are preventable and treatable conditions such as haemorrhage, infection, malaria, pneumonia, diarrhea, and malnutrition. The main barriers to accessing quality health care are poverty, lack of awareness, poor infrastructure, inadequate human resources, weak health systems, and socio-cultural factors.
The primary objective of the project is to provide free treatment and consultations to children and households from under-privileged section of the society in Nigeria. The secondary objectives are to create world class medical infrastructure for children, create neo-natal and post-natal care units for children and families, provide single platform for vaccination, immunization, treatment and surgeries, manage health conditions and chronic disease treatments, improve access to care, prevent chronic diseases and increase wellness.
The project aims to achieve these objectives by implementing various activities such as:
Establishing mobile clinics and outreach teams to provide basic health services to remote and underserved communities.
Building and equipping pediatric hospitals and intensive care units to provide specialized care to children with complex and critical conditions.
Training and deploying community health workers and volunteers to provide health education and counseling to families on maternal and child health issues.
Developing and disseminating guidelines and protocols for sepsis management in children at tertiary pediatric centers in Nigeria.
Providing free or subsidized drugs, supplies, equipment, and transportation to patients who need them.
Collaborating with government agencies, NGOs, private sector partners, and local communities to ensure sustainability and scalability of the project.
The project will measure its impact by using indicators such as:
Number of children and mothers who receive free or subsidized health services.
Number of children who survive sepsis and other life-threatening conditions.
Number of children who are fully immunized against preventable diseases.
Number of mothers who receive antenatal care, skilled birth attendance, postnatal care, family planning services.
Reduction in maternal mortality ratio and under-five mortality rate in the project areas.
Improvement in quality of life and satisfaction of beneficiaries.
We believe that this project has a great potential to make a positive difference in the lives of millions of children and mothers in Nigeria. We recommend that you consider supporting this project to benefit from its impact and vision.
We provide comprehensive market research and intelligence report on vertical farming, a rapidly growing market that is expected to reach USD 9.7 billion by 2026. We have provided comprehensive market research, competitive analysis, pricing strategy, traffic analysis, key competitive advantages, and customer acquisition strategies for the industry. These documents and analyses provide valuable information and insights on the current and future trends, challenges, opportunities, risks, and strategies in the industry.
The vertical farming industry is driven by factors such as the increasing demand for food security and sustainability, the rising adoption of energy-efficient and eco-friendly farming methods, the growing urbanization and population growth, and the favorable government policies and initiatives for green agriculture. The industry is also facing challenges such as high initial investment and operational costs, limited crop variety and scalability, technical and environmental issues, and lack of skilled labor and expertise. The industry is segmented by technology (hydroponics, aeroponics, aquaponics), structure (building-based, shipping container-based), crop type (leafy greens, herbs, fruits, vegetables), end user (residential, commercial), and geography.
We have analysed the pricing strategies of different competitors in the vertical farming industry, based on their product features, target segments, value proposition, cost structure, and competitive advantage. We have also provided a comparison table of the pricing plans and features of each competitor. We have suggested some best practices and tips for setting a pricing strategy that can maximize revenue and customer satisfaction. We have also provided some best practices and tips for developing and implementing effective customer acquisition strategies that can increase brand awareness, generate leads, nurture prospects, and drive sales.
The market research done for Vertical Farming enabled us to take on more customised and tailored services in the vertical farming industry. This has helped us to embrace a future that includes a sustainable farming using vertical farming.
While working for the roofing contractor’s industry, which is a large and growing market that is expected to reach USD 51.9 billion in 2021. We have provided comprehensive market research, competitive analysis, pricing strategy, traffic analysis, key competitive advantages, and customer acquisition strategies for the industry. These documents and analyses provide valuable information and insights on the current and future trends, challenges, opportunities, risks, and strategies in the industry.
The roofing contractors’ industry is driven by factors such as the increasing demand for roof replacements and repairs, the rising adoption of energy-efficient and eco-friendly roofing materials, the growing construction activity in residential and commercial sectors, and the favorable government policies and initiatives for green buildings.
The industry is also facing challenges such as low barriers to entry, high competition, labor shortages, weather uncertainties, and fluctuating raw material prices. The industry is segmented by service (roof installation, roof maintenance and repair), product (asphalt shingles, metal roofing, single ply roofing, coatings, low slope asphalt), end user (residential, commercial), and geography.
We have analysed the pricing strategies of different competitors in the roofing contractors’ industry, based on their service features, target segments, value proposition, cost structure, and competitive advantage. We have also provided a comparison table of the pricing plans and features of each competitor. We have suggested some best practices and tips for setting a pricing strategy that can maximize revenue and customer satisfaction.
We have also provided a traffic analysis dashboard that shows the traffic volume, quality, conversion rate, bounce rate, average session duration, and other key performance indicators for each competitor. We have also provided some recommendations for improving traffic generation and optimization. We have identified and highlighted the key competitive advantages of each competitor in the roofing contractors’ industry, based on their service differentiation, innovation, customer service, brand reputation, market presence, partnerships, and awards. We have also provided some examples of how each competitor leverages their competitive advantage to attract and retain customers.
At RFC, we have generated compelling report which showcases our work for the Big Data & AI industry, a rapidly growing field that has the potential to transform various industries and sectors in the near future. We have provided comprehensive market research, competitive analysis, pricing strategy, traffic analysis, key competitive advantages, and customer acquisition strategies for the industry. These documents and analyses provide valuable information and insights on the current and future trends, challenges, opportunities, risks, and strategies in the industry.
The Big Data & AI industry is driven by factors such as the increased adoption of cloud-based technology, the growing shift of businesses toward digital transformation and customer engagement, the rising demand for online and personalized learning, and the vast data being generated across businesses. The industry is also facing challenges such as high competition, low retention rates, quality issues, and regulatory uncertainties. The industry is segmented by technology (machine learning, natural language processing, computer vision, speech recognition), application (healthcare, finance, education, retail, manufacturing) and geography.
One of the emerging trends in Big Data & AI is federated learning, which is a machine learning technique that allows multiple devices or nodes to collaboratively train a shared model without sharing their data. This can help preserve data privacy and security, as well as reduce communication and computation costs. Federated learning can also enable faster and more accurate model updates, as well as personalized and adaptive learning.
We have analysed the pricing strategies of different competitors in the Big Data & AI industry, based on their product features, target segments, value proposition, cost structure, and competitive advantage. We have also provided a comparison table of the pricing plans and features of each competitor. We have suggested some best practices and tips for setting a pricing strategy that can maximize revenue and customer satisfaction.
We have also provided a traffic analysis dashboard that shows the traffic volume, quality, conversion rate, bounce rate, average session duration and other key performance indicators for each competitor. We have also provided some recommendations for improving traffic generation and optimization.
We have identified and highlighted the key competitive advantages of each competitor in the artificial intelligence industry, based on their product differentiation, innovation, customer service, brand reputation, market presence, partnerships, and awards. We have also provided some examples of how each competitor leverages their competitive advantage to attract and retain customers.
Our customer acquisition strategies of different competitors in the artificial intelligence industry, based on their marketing mix, customer journey, funnel stages and conversion tactics.
Ruskin Felix Consulting helped Your Home Management to better understand a large and growing market that is expected to reach USD 5.59 billion by 2032, which is the property management software. We have provided comprehensive market research, competitive analysis, pricing strategy, traffic analysis, key competitive advantages, and customer acquisition strategies for the industry. These documents and analyses provide valuable information and insights on the current and future trends, challenges, opportunities, risks, and strategies in the industry.
The property management software industry is driven by factors such as the increased adoption of cloud-based technology, the growing shift of businesses toward digital transformation and customer engagement, the rising demand for online and personalized learning, and the vast data being generated across businesses. The industry is also facing challenges such as high competition, low retention rates, quality issues, and regulatory uncertainties. The industry is segmented by solution (AI and predictive analytics, content management and collaboration, asset creation, structured work management), deployment (on-premise, cloud), organization size (small and medium enterprises, large enterprises), end user industry (BFSI, telecommunications, manufacturing, media and entertainment, transportation, retail), and geography.
We have identified and evaluated the major competitors in the property management software industry, based on their product offerings, features, pricing, market share, customer reviews, strengths, weaknesses, opportunities, and threats for Your Home Management.
Post formulating the pricing strategies of different competitors in the property management software industry, based on their product features, target segments, value proposition, cost structure, and competitive advantage. We have also provided a comparison table of the pricing plans and features of each competitor. We have suggested some best practices and tips for setting a pricing strategy that can maximize revenue and customer satisfaction.
We have identified and highlighted the key competitive advantages of each competitor in the property management software industry, based on their product differentiation, innovation, customer service, brand reputation, market presence, partnerships, and awards. We have also provided some examples of how each competitor leverages their competitive advantage to attract and retain customers.
We have explored and evaluated the customer acquisition strategies of different competitors in the property management software industry, based on their marketing mix, customer journey, funnel stages, and conversion tactics. We have also provided some best practices and tips for developing and implementing effective customer acquisition strategies that can increase brand awareness, generate leads, nurture prospects, and drive sales.
RFC contributed for a holistic business proposition for NUMO, a company that provides users with a personal journaling, goal-setting, and time-management tool that helps them increase productivity and achieve their goals. We have provided NUMO with comprehensive investor documentation, such as IM, whitepapers, decks, strategy, and financial model for their product. Our documents highlight the mission, vision, value proposition, market opportunity, competitive advantage, customer journey, partners, and business model of NUMO. We have also conducted market research, competitive analysis, regulatory assessment, and valuation estimation for NUMO and its product. These analyses provide valuable information and insights on the current and future trends, challenges, opportunities, risks, and strategies in the cloud-based productivity management software market.
The cloud-based productivity management software market is a large and growing market that is expected to reach USD 5.59 billion by 2032, growing at a CAGR of 11.50% during the forecast period (2023-2032). The market is driven by factors such as the increased adoption of cloud-based technology, the growing shift of businesses toward digital transformation and customer engagement, the rising demand for online and personalized learning, and the vast data being generated across businesses. The market is also facing challenges such as high competition, low retention rates, quality issues, and regulatory uncertainties. The market is segmented by solution (AI and predictive analytics, content management and collaboration, asset creation, structured work management), deployment (on-premise, cloud), organization size (small and medium enterprises, large enterprises), end user industry (BFSI, telecommunications, manufacturing, media and entertainment, transportation, retail), and geography.
NUMO aims to tap into this lucrative market by offering a unique and innovative product that can enhance the productivity and quality of life of users. NUMO is a personal journaling, goal setting, and time-management tool that uses advanced time-tracking system, personal journaling feature, and various tools and resources to help users stay on track and achieve their goals. NUMO supports all learning styles, including textual, aural, visual, and kinaesthetic. NUMO also supports various delivery modes, such as online, offline, and hybrid. NUMO covers all aspects of personal development for users of all ages and includes features such as daily journal entries, to-do lists, progress tracking, goal setting, reminders, personalized schedule, calendar view, and tips and affirmations.
We aided NUMO with market intelligence regarding cloud-based productivity management software market to achieve its goals and vision. We have also provided guidance and advice to NUMO on how to launch its product in the US market. We believe that NUMO has a promising business opportunity and a strong competitive edge in the cloud-based productivity management software market.
RFC is proud to showcase our work for CubeDigico, a company that provides students a fun, interactive and creative way of learning STEM topics using 3D animations and simulations. We have provided CubeDigico with comprehensive investor documentation, such as IM, whitepapers, decks, strategy, and financial model for their product CD3. These documents highlight the mission, vision, value proposition, market opportunity, competitive advantage, customer journey, partners, and business model of CubeDigico and its product CD3. We have also conducted market research, competitive analysis, regulatory assessment, and valuation estimation for CubeDigico and its product CD3. These analyses provide valuable information and insights on the current and future trends, challenges, opportunities, risks, and strategies in the educational services industry.
The educational services industry in the US is a huge and growing market that accounts for more than half of the global education market. The industry is expected to reach around USD 1,976 billion by 2025, growing at a CAGR of 4.7%. The industry is driven by factors such as increasing government spending, rising demand for online and personalized learning, growing enrolment in STEM fields, and changing curriculum standards. The industry is also facing challenges such as high competition, low retention rates, quality issues, and regulatory uncertainties. The industry is segmented by level of education, type of service provider, type of funding source, and type of delivery mode.
CubeDigico aims to tap into this lucrative market by offering a unique and innovative product that can enhance the learning outcomes and engagement of students in STEM fields. CD3 is a game-based software that uses 3D animations and simulations to teach STEM topics in a fun and interactive way. CD3 supports all learning styles, including textual, aural, visual, and kinaesthetic. CD3 also supports various learning models, such as classroom learning, home-based learning, flipped learning, and blended learning.
We have used our expertise and experience in the educational services industry to support CubeDigico in achieving its goals and vision. We have also provided guidance and advice to CubeDigico on how to launch its product in the US market. We have identified and contacted relevant stakeholders in the industry and facilitated negotiations and discussions with them. We have been working closely with CubeDigico to bring their innovative product to the market and improve the lives of millions of students.
We believe that CubeDigico has a promising business opportunity and a strong competitive edge in the educational services market. We recommend that you consider investing in or partnering with CubeDigico to benefit from their product and vision.
We worked in partnership with IoCure, a company that offers a novel therapy for COVID-19 and other respiratory infections using steam inhalation of a heated iodine and iodide salt solution. We have provided IoCure with comprehensive investor documentation, such as IM, decks, strategy, and financial model for their therapy. These documents highlight the mission, vision, value proposition, market opportunity, competitive advantage, customer journey, partners, and business model of IoCure and its therapy. We have also conducted market research, competitive analysis, regulatory assessment, and valuation estimation for IoCure and its therapy. These analyses provide valuable information and insights on the current and future trends, challenges, opportunities, risks, and strategies in the respiratory infection field.
IoCure has developed and commercialized a novel therapy that can meet this need by using steam inhalation of a heated iodine and iodide salt solution. The therapy is based on the inventor’s belief in the safety and efficacy of iodine against viruses on mucus membranes. Iodine is a well-known antiseptic that has been used for various purposes, such as wound care, water purification, and disinfection. However, iodine has not been widely used as an inhalation therapy for respiratory infections, due to its volatility, toxicity, and irritation. IoCure has overcome these challenges by using a heated iodine and iodide salt solution, which releases therapeutically effective amounts of volatile iodine at a controlled temperature and concentration.
The solution is administered by steam inhalation using a device that heats and vaporizes the solution. The device is designed to deliver the solution to the lower respiratory system, where most respiratory pathogens affect or penetrate the mucosal lining of the lung. The solution is expected to kill the pathogens by disrupting their cell membranes and inhibiting their replication.
IoCure has achieved several milestones, such as patent filing, confirmatory trial, and device development. The company is ready to conduct phase I clinical trial in the US and seeks to obtain regulatory approvals in the US and ex-US markets. The company also intends to explore other applications of its therapy to other diseases, such as breast cancer, where iodine may have anti-tumor effects. The company faces some challenges, such as scaling up manufacturing, securing funding, and competing with other COVID-19 treatments. However, the company has a strong competitive edge in terms of its unique value proposition,
We have also designed a robust and flexible business model for IoCure, using our predefined tools. We have considered two scenarios: self-distribution model and licensed manufacturing model. We have compared the pros and cons of each scenario, using our own surveys and knowledge.
Ruskin Felix Consulting collaborated with CASS Pharma, a company that is transforming the diabetes landscape with its novel ultra-rapid-acting injectable insulin formulations. We have provided CASS Pharma with comprehensive investor documentation, such as IM, whitepapers, decks, strategy, and financial model for their products. These documents highlight the mission, vision, value proposition, market opportunity, competitive advantage, customer journey, partners, and tokenomics of CASS Pharma and its products. We have also conducted market research, competitive analysis, regulatory assessment, and valuation estimation for CASS Pharma and its products. These analyses provide valuable information and insights on the current and future trends, challenges, opportunities, risks, and strategies in the diabetes field.
Diabetes is a chronic metabolic disorder that affects millions of people worldwide and causes serious complications such as cardiovascular disease, kidney failure, blindness, and amputation. Diabetes is characterized by high blood glucose levels due to insufficient insulin production or action. Insulin is a hormone that regulates blood glucose levels and is essential for the survival of people with type 1 diabetes and some people with type 2 diabetes. However, the current insulin formulations have limitations such as slow absorption, instability at room temperature, and risk of hypoglycemia. These factors reduce the efficacy, safety, and accessibility of insulin therapy.
CASS Pharma has developed and commercialized novel ultra-rapid-acting injectable insulin formulations that can overcome these limitations and improve the management of diabetes mellitus. The company has two lead product candidates: CASS Ultra-Rapid-Acting Lispro and CASS Ultra-Stable and Ultra-Fast-Acting RHI. Both products use Generally Regarded as Safe (GRAS) ingredients and are compatible with existing insulin delivery devices. They have been tested in diabetic mini pigs and have shown faster absorption and better glucose control than the current market leaders. CASS Ultra-Rapid-Acting Lispro is formulated with GRAS ingredients and may be eligible for Breakthrough Therapy Designation in the US and fast track designation ex-US. CASS Ultra-Stable and Ultra-Fast-Acting RHI uses generic recombinant human insulin and GRAS ingredients that stabilize the insulin and speed its absorption into the blood. CASS Ultra-Stable and Ultra-Fast-Acting RHI does not require refrigeration and is eligible for Breakthrough Therapy Designation in the US and fast track designation ex-US.
We have used our expertise and experience to assess and support CASS Pharma in achieving its milestones and goals. We have also provided guidance and advice to CASS Pharma on how to approach potential strategic partners and investors for their US and EU operations. We have identified and contacted relevant stakeholders in the industry and facilitated negotiations and discussions with them. We have been working closely with CASS Pharma to bring their innovative insulin products to the market and improve the lives of millions of people with diabetes.
We believe that CASS Pharma has a promising business opportunity and a strong competitive edge in the diabetes market. We recommend that you consider investing in or partnering with CASS Pharma to benefit from their products and vision.
Strategic planning is essential for any enterprise to be successful.
INTRODUCTION
In strategic planning, upper-level management specifies the company’s ultimate goals and lays out the road map to get there. In order to realize its vision, the organization needs to establish a set of objectives and decide the best order in which to achieve them.
The time horizon for strategic planning is generally three to five years, but it can be longer. When it comes to allocating resources within a specific time frame, for example, business planning tends to focus on more immediate problems. In some cases, the time frame of a company plan may span several years.
Ultimately, your planning efforts will yield a strategic plan. It is typically recorded in a written or recorded format. Workers, clients, partners, and investors may easily gain access, comprehend, and put into practise these plans.
Changes in the commercial, industrial, legal, and regulatory spheres must be factored into strategic plans on a regular basis. Changes in the strategic environment may necessitate adjustments to an existing plan.
Even if one is just starting out or looking into a new opportunity, one should always prepare ahead before making any major moves in the firm. Strategic planning helps businesses increase their chances of realizing their full potential by articulating the company’s purpose and establishing lofty goals.
By learning the steps and components of strategic planning, you can create a plan that will help your business succeed. What is strategic planning, what does it entail, what does it tell you, and what makes a good strategic plan? All these questions and more will be answered in this essay.
FACTORS INVOLVING STRATEGIC PLANNING PROCESS:
Identify the purpose and goals of the strategic plan
Defining the plan’s broad objective and expected outcomes is a crucial first step in clarifying the plan’s strategic direction. How successfully the strategy achieves its stated goals, such as explaining the organization’s overarching mission and guiding values, will be used to determine its success. It will be much easier to communicate and implement the plan if it is in line with the organization’s wider goals and values.
Analyze the internal and external environment
The internal and external environments can be examined after the plan’s goals and objectives have been established. The market and the company’s competitors are taken into account as part of a SWOT analysis, together with the company’s own strengths, weaknesses, opportunities, and threats. The study’s findings will help the company better evaluate its SWOT (strengths, weaknesses, opportunities, and threats) (strengths, weaknesses, opportunities, and threats).
Develop a SWOT analysis
A SWOT analysis can be created using data collected from both inside and outside the company. The first step is to do a SWOT analysis, which looks at the organization’s strengths, weaknesses, opportunities, and threats. The process of developing a strategy might then begin.
Set priorities and develop action plans
A company’s ability to prioritize and make effective strategies is enhanced after conducting a SWOT analysis. In practice, this involves zeroing in on what matters most and brainstorming potential solutions. The success of a business can be improved by prioritizing activities and developing strategies to carry them out.
Communicate and implement the plan
Finally, make strategy planning easier by ensuring everyone in the team is working toward the same goals. If everyone is on the same page, then the plan has a good chance of going off without a hitch. This makes achieving one’s aims easier.
Organizations that fail to undertake adequate strategic planning will fail to meet their objectives. With some planning and segmentation, businesses may develop a strategy that is simpler to articulate and put into action. Both the results and the efficiency with which resources are used will increase.
EXPLAINING STRATEGIC PLANNING AND ITS IMPORTANCE
Strategic planning is beneficial for businesses because it helps them look ahead to the future, identify long-term objectives, and create a strategy to reach those objectives. A well-developed statement outlining the organization’s aims, values, and strategies for getting there is the ultimate product of this process.
An organization’s current status will start going downhill if it doesn’t have a plan it can follow as a starting point and tweak as it goes. The business plan explains the company’s overarching purpose, vision, and objectives.
An organization’s mission and vision statements helps draw basic outlines of how their strategic vision is going to play out and if it is in accordance with the long term strategy which are put into place to meet organizational goals and objectives.
If you take stock of your business on a regular basis, you’ll be able to see how well actual results compare to forecasts. This data can be used to either modify or fortify the way your business is currently managed. If you want everyone on your team to be working toward the same goals, you must communicate your plan to them.
Reviewing and following up on your business will highlight strengths and weaknesses in your business so that you can continue with what works well and eliminate what is hindering the growth of your business.
A company’s long-term success depends on its leaders’ making decisions that further its overall goals. This can help make sure that the company’s long-term interests are considered whenever a decision needs to be made.
Last but not least, strategic planning can help improve the efficiency of internal channels of communication and teamwork. All essential stakeholders should be involved in the planning process, and the strategic plan should be communicated effectively to ensure that everyone is on the same page and working toward the same goals. Having this in common may increase drive and productivity.
THE STRATEGIC PLANNING PROCESS
The strategic planning process typically consists of five key steps:
Step 1: Setting goals and objectives
A corporation can’t move forward with strategic planning until its objectives are established. This can be achieved if the organization has clearly articulated its vision and is working toward concrete, measurable objectives.
Step 2: Conducting a situational analysis
After deciding what it is the organization hopes to accomplish, it is important to assess the state of its external environment to see if it will pose any obstacles. Part of this procedure involves conducting a SWOT analysis of the market, the competition, and the company itself.
Step 3: Develop a strategic plan
Our current understanding of the company’s circumstances, along with its stated aims and objectives, allows us to formulate a plan for the company’s future. For our strategy to be successful, it must detail the steps we will take to actually accomplish our objective.
Step 4: Implementing the plan
Once the strategy has been created, the following step is for the company to put it into action. The implementation phase entails allocating resources, briefing employees on their roles, and putting plans into effect. To ensure a successful launch, it is important to plan ahead, keep everyone informed, and closely track progress.
Step 5: Monitoring and evaluating the plan
Strategic planning culminates in monitoring progress toward goals and adjusting course as needed. Successful strategy maintenance requires frequent attention and tweaks.
For an organization to succeed in the long run, strategic planning is crucial. Establishing defined goals and objectives, doing a scenario analysis, developing a strategic plan, putting it into action, and reviewing the results can help businesses achieve their objectives and stay competitive in a rapidly changing business environment.
VITAL ELEMENTS OF STRATEGIC PLANNING
A well-thought-out strategy sets the stage for the organization’s future success and defines it precisely at every level. They include:
Define your vision
A company’s long-term goals are outlined in the company’s vision statement. It serves as a roadmap for the company’s current and future since it specifies its ultimate goals.
A successful strategic plan document will have strategic goals and objectives moving hand in hand with the business’s strategic plan.
The company’s long-term goals are summed up in these three simple sentences. A well-defined vision statement may do the same for your organization by giving everyone something to work toward.
Create your mission
One can think of a company’s vision as its ultimate goal, and its mission as its strategy for achieving that goal.
A mission statement, in a strategic planning template, basically helps the organization to pan out whether or not their strategic framework is moving in line and in the same direction as their strategy execution.
Without a defined purpose, your organization lacks the motivation and direction necessary for success. When members inside an organization have varying interpretations of what the organization’s vision comprises, it can lead to inefficient action.
Set your objectives
An objective is a specific, quantifiable, and time-bound aim that an individual or group has set for itself. Generally speaking, the best goals are those that are specific, measurable, and supported by a variety of strategic actions taken at all levels of the organization.
In order for your plan to be successful, making sure that employee retention, in their new roles and departments, must be looked after.
Having a clear definition of success at the outset helps you track your achievements along the way. Well-defined objectives provide a standard against which strategic initiatives and the overall health of an organization can be assessed.
Develop your strategy
The strategy of an organization is its long-term plan to achieve its objectives. Individual objectives may also have their own plans, although overall, strategic plans tend to be three to five years in duration.
Strategy that works is the result of combining foresight with decisive action. A company’s strategy provides many more specifics than its general vision, aim, and objectives. Inside, we’ll talk exclusively about how they’re tailored to the specific requirements of each business and the current state of the industry.
Short-term goals and activities should be derived from long-term goals, and strategies should foster innovative approaches to resolving problems and avoiding traps.
Outline your approach
Approaches offer a systematic way to put a plan into action. The strategy is a blueprint for addressing fundamental questions that will inform the development of operational plans. In addition, it provides direction for carrying out the organization’s overall strategy. Therefore, planning can show how a positive outlook relates to strategies, outcomes, and the ultimate objective of the business.
The project management team should create a financial plan which helps to evaluate progress and also monitor progress.
Get down to tactics
Tactics are the steps an organization takes to put a strategic plan into motion. Tactics play a crucial role in the success of any strategy. What matters are the acts, because they are what bring about change.
High-performing teams are crucial in achieving specific objectives and ensuring customer satisfaction. However, strategic issues must be considered when creating project plans for future opportunities. It’s essential to identify potential roadblocks and develop a plan to overcome them.
Although there may appear to be no connection between the various techniques, a deeper dive reveals that the most effective ones are those that directly support the company’s overall strategy, objectives, mission, and vision.
What are the characteristics of a good strategic plan?
The strategic planning aspects alone aren’t enough to make a plan successful; it needs to also include other characteristics.
Here are some tips for making the most of your strategic plan in terms of concrete corporate objectives:
Detailed goals and actions
Key performance indicators can be utilized to gauge progress toward objectives thanks to the detail you’ve put into your strategy. In addition, it ensures that you’ll be able to establish worthwhile corporate targets.
Realistic goals
One should aim for things that are both realistic and worthwhile. If you set unrealistic goals for your business, you risk investing in the incorrect areas.
Clear deadlines
As you draught your strategic plan, be sure to incorporate firm deadlines for achieving key milestones. As a result, your team will feel more accountable and motivated to complete their tasks by the deadlines you set, improving the likelihood that your goals will be achieved.
Room for changes or adaptations
The implementation of your strategic plan may result in adjustments to your company’s needs as a result of factors outside your control, such as the state of the economy, the state of the industry, or feedback from customers. That’s why it’s important to outline all the movable pieces of your strategy. Consider the time frame and funding available for a project as an example.
What is the difference between a strategic plan and a business plan?
While business plans concentrate on the near future, strategic plans help businesses achieve their long-term goals. Companies utilize strategic plans both when first forming and as they grow and evolve through time. However, firms use business plans, particularly when they are just starting out. They utilize it to outline the fundamentals of their business, such as their strategy for reaching customers and raising capital.
What separates a strategic strategy from a business plan is the focus on objectives. Businesses that are already up and running will use the strategic plan for growth, whereas entrepreneurs starting a new venture will use business plans. Each tactic also has its own timetable. While a strategic plan may span several years, a well-thought-out business strategy can be implemented in a year or less. A business plan, like a strategic plan, can be used in many contexts and offer many benefits.
Benefits of using a strategic plan
The primary benefit of a strategic plan is the increase in profits it can bring, which can then be reinvested in the company in the form of things like new machinery and employee education. It’s beneficial for companies because it broadens their customer base and raises awareness of their name.
Uses of a strategic plan
Established businesses can use the strategic plan to map out their ideal future, whether that’s more expansion, a shift in focus to a new product line, or even a transition to charity status. The strategic plan can help a company maximize its earnings and return on investment by allocating resources more effectively. With the aid of a well-thought-out strategic plan, you can achieve not only a sustainable operating system, but also a competitive advantage over similar organizations.
Benefits of using a business plan
Entrepreneurs and start-ups can benefit from having a business plan because it helps them structure their ideas into a workable framework with defined roles and responsibilities. Building a sustainable, successful business requires careful planning, which is why these new ventures put so much emphasis on creating a business strategy.
Uses of a business plan
A business plan is a strategic document used by startups to map out their future expansion. You can use it to see if your business idea will work and where you can get the funding you need to make it a reality. When a business receives capital, it may immediately begin putting into motion the countless steps required to get its product into the world, including finding suppliers, developing a website, and hiring qualified staff.
THE STRATEGIC MANAGEMENT PROCESS
Managers need to be able to zero in on the strategies that will boost performance and provide their company an edge in the market.
An organization is said to have competitive advantage if its profitability is higher than the average profitability for all companies in its industry. The process of strategical management determines the long-term goals and objectives of the company.
Additionally, it is the methodology that directs executives towards the strategies that would increase productivity. Competitive analysis, industry analysis, and product analysis are all part of an organization’s continuing strategical management process.
Overview of the strategic management process
Managers need to be able to zero in on the strategies that will boost performance and provide their company an edge in the market. When a business’ profits are higher than the norm for its sector, it is said to have a competitive advantage.
Another way to portray strategical management is as a collection of managerial choices and actions that affect the firm’s success or failure. The manager’s ability to make educated decisions hinges on his or her familiarity with the whole scope of the business and its external competitors.
To rephrase, they should perform a SWOT analysis (strengths, weaknesses, opportunities, and threats) to maximize their strengths and minimize their weaknesses, seize chances when they emerge, and avoid ignoring dangers to their organization.
Successful strategic management necessitates making plans for both likely and unlikely outcomes. This paradigm is applicable to businesses of all sizes since all businesses face competition and all firms, no matter how little, may benefit from strategic planning and execution.
The use of strategical management is a common tactic employed by strategists in their pursuit of organizational success. Organizational planning and decision making are crucial to this sector. This will help us learn about the company’s future objectives.
Strategic management is an ongoing process that evaluates and regulates the company and the industries in which it operates; evaluates and regulates the company’s competitors; establishes goals and strategies to meet the challenges posed by the company’s current and future competitors; and, finally, periodically re-evaluates the goals and strategies to determine how they have been implemented and whether they have been successful or need to be replaced.
The process of strategic management determines the long-term goals and objectives of the company. Additionally, it is the methodology that directs executives towards the strategies that would increase productivity. Competitive analysis, industry analysis, and product analysis are all part of an organization’s continuing strategic management process.
Strategic management process has following five steps:
Mission and Goals:
The first step in strategic management is for top executives to assess their current position in relation to the organisation. The company’s leaders’ aspirations and priorities are laid out in the mission statement. The organization’s goals are the outcomes planned for by the leadership. It is common practise to evaluate outcomes quickly.
To better understand the internal and external factors that affect the functioning of your organization, you should conduct an environmental scan in which you collect, analyze, and disseminate data from many sources. Once the process is in motion, executives should evaluate its success and look for ways to improve it on a regular basis.
Strategy Formulation:
Strategy formulation, or figuring out the best ways to achieve organizational goals, is a crucial part of any functioning business. After doing a thorough analysis of the external environment, managers design comprehensive strategies for the organization’s structure, operations, and functions.
Strategy Implementation:
Strategy implementation is the method through which a company puts its chosen strategy into action to guarantee that it accomplishes its objectives. Crucial elements of a well-executed strategy include an appropriate organizational structure, allocation of resources, decision-making framework, and management of people.
Strategy Evaluation:
Evaluation, the final step in strategy management, comprises taking stock of the big picture and making adjustments as needed. Management can rest easy knowing their plans are on track because they are being measured against predetermined criteria.
This is the order in which businesses go through when creating a new management plan. Existing businesses that have produced a strategic management plan will revert to these procedures as needed to make the appropriate adjustments.
TIPS FOR SUCCESSFUL STRATEGIC PLANNING
To obtain an edge over the competition, firms must engage in strategic planning, which is an art that blends scientific research and creative problem-solving. Strategic planning discussions are enticing in theory but often fall short in practise. Truth be told, we rarely partake in the kind of teamwork essential to developing truly original plans of action.
Some of them are:
Don’t teach the methodology
We know you want to impress your audience with your knowledge of strategy, but you should hold off on that for now. Educating participants on strategic planning isn’t the goal, but doing so will put them at ease and help them focus on the task at hand.
Don’t be afraid to use a strawman or two
You’ve probably heard the old proverb that it’s easier to ‘criticize than to create’. Explore the possibilities of goal-setting, problem-mapping, capability-mapping, and first-stage plan prototyping. Although it may be utterly off base, it will still spark additional conversation and interest. Members of the audience will appreciate being able to provide feedback on your performance. One word of warning, though: this situation calls for a healthy amount of humility. Avoid becoming on the defensive.
Mix it up
Success is unlikely to result from more of the same collaborative sessions. Use some creative design thinking to come up with some interesting ideas; your readers will be grateful. The same holds true for the strategy itself; employing a multifaceted strategy can prove fruitful. It’s important to monitor feedback and make course corrections as needed.
Worked examples
Produce exhaustive, fully-functioning examples. Stakeholders are more likely to participate when they know their roles and responsibilities. When participants are provided with a structure on which to base their own examples, they are better equipped to draw on their own real-world experiences.
Don’t debate what capabilities are and are not
As humans, we are all susceptible to the trap of trying to justify our own assumptions about what powers are and are not. If you want to win friends among architects and business managers, avoid arguments over what exactly constitutes a capability. Take notes on important people’s talks and sort through the data later.
Set expectations at the start of each session
Inform everyone about the organization’s goals, values, and expectations. It’s important to remember the session’s initial objectives and return to them during the discussion. There’s nothing pleasant about having to recover from a mutiny in the middle of a session; believe me, I know. I’ve had to do it with some pretty senior persons in the room.
CONCLUSION
The strategic planning process is vital to the success of most firms. It is the responsibility of the top brass, though, to ensure that this is more than just bad corporate theatre. Strategy development and implementation can be profoundly affected by a wide range of factors, including competitors, products, and the internal and external environments of the organization. Companies of all sizes can use strategical management models, but large corporations often use more intricate frameworks than their smaller competitors.
After participating in just a few of sessions, you will have gained the knowledge and self-assurance necessary to effectively communicate with strategic stakeholders. The most important, and surprisingly straightforward, stage is to develop an inspiring vision for the future. This outline will provide direction for the workshops and, hopefully, will yield an impressive piece of strategic planning.
The roots of RFC can be traced back to capacity-based planning; it helps get everyone on the same page on where the company is lacking in capabilities and what has to change in order to realize the strategic goal.
Ruskin Felix Consulting LLC partnered with MindKite – a social platform where mental well-being matters, to create an investor pitch deck highlighting the overview, and working of the business, B2B benefits of the company, B2C benefits, and the functioning of the business. The pitch deck also helps in understanding the market trends, operations plan, financial projections, and investor information.
MindKite, is the global community for inspiration, motivation, and wellbeing. It provides a safe, new social media space without the usual obligations of most social media platforms. The MindKite app focuses on mental well-being through interactive and engaging content. MindKite gives access to a personal daily diary to encourage improved lifestyle and planning. Daily motivational videos to motivate, uplift, and positively improve the outlook. Mindkite app also offers a positivity-driven newsfeed.
The problems that MindKite is trying to address are:
The phenomenon and attraction of social media apps & platforms, such as Facebook, Instagram & Twitter have taken the world, including the UK by storm. It is estimated that 45 million of the UK’s population are social media subscribers.
However, although millions of clients enjoy their social media experience, substantial numbers are now realizing that the pressure to include and respond to pictures, likes friend requests, and increase follower counts can be the cause of severe anxiety, leading to a detrimental effect on their wellbeing and mental health.
Mindkite’s solution includes:
Engaging and inspiring daily motivational videos, quotes, and voice notes presented by well-known celebrities and familiar faces on the motivational and inspirational speaking scene.
Tailored monthly wellbeing section with a variety of cutting-edge wellbeing content including, meditation sessions, stress relief, yoga, at-home exercise classes, mentoring, coaching, mental health aids, and podcasts.
A news feed and platform that does not include likes, follower counts & friend requests thus eliminating many of the causes behind social media anxiety and the constant need to compare lives with others. The news feed will promote a positive environment and safe open forum with support from other users and the MindKite team.
The roadmap of Mindkite is as follows:
October 2021 – The official launch of the MindKite app is planned to coincide with: World Mental Health Day, which takes place October 10th, 2020.
2023 – In a 2 Year period we plan to take the application into the hands of 310k+ users on the public market and have secured contracts/licensing agreements with a minimum of 3 major corporations to implement the App for their staff.
2026 – The planned expansion of the MindKite Brand and App to various countries around the world with a focus on the United States of America, Europe, Australia, and Indian Markets with a total projected Userbase of 20 million users
Ruskin Felix Consulting LLC partnered with MBM Management & Consulting LLC, to create an investor pitch deck highlighting the overview, and working of the business, B2B benefits of the company, B2C benefits, and the functioning of the business. The pitch deck also helps in understanding the market trends, operations plan, financial projections, and investor information.
MBM Management is a Montana Based Limited Liability Company with an exclusive management agreement with CannaConnection LLC (A licensed Marijuana Provider firm in Montana). They provide Quality Marijuana for medical and therapeutic benefits.” They also entered the recreational marijuana industry which has been voted in by 57% margin on November 3, 2020.
MBM Management is strategically placed to provide such marijuana both for medical and recreational purposes in Montana and in the US at later stages. The Montana Cannabis market is expected to hit $400 Million within a few years.
There is to become a Market leader in Medicinal Marijuana Production and revenue in the Montana Market and other US Markets. To become a Market leader in Recreational Marijuana Production and revenue in the Montana Market and other US Markets. High Quality and scalable operations to provide all types of Marijuana based products including expansion by way of licenses as a Marijuana Provider.
Through MBM Management’s strategic partner Canna Connection LLC and their expertise, they wish to gain their part of the $400 Million potential Cannabis market in Montana and expand further into the market through operations and market-focused products.
Investor Information:
Company Overall Valuation: USD $7 Million
Available for Sale: 40% of Stake in MBM LLC
Investor Classes:
1 Unit block – USD $75,000
10 Unit block – USD $700,000
40 Unit block – USD $2,800,000
Mode of Ownership: Equity Stake in Company
Type of Participation: Passive
Point of contact: CFO of MBM Management – Philip ‘Marc’ Hays
Ruskin Felix Consulting LLC partnered with The Upside Space, to create an investor pitch deck highlighting the overview, and working of the business, B2B benefits of the company, B2C benefits, and the functioning of the business. The pitch deck also helps in understanding the market trends, operations plan, financial projections, and investor information.
A curator-led online art platform that will integrate businesses into the digital economy through NFT-based assets. They aim to bring a revolution in the NFT space by democratizing NFTs and making them accessible to each individual and enthusiast. The Upside Space wish to integrate Real and digital world worlds through various Mediums and mechanisms. Businesses should be able to garner this resource and provide better quality products to their customers through loyalty programs and loyalty.
Democratizing NFTs – Integrating the Real and digital world by providing global accessibility.
Disruptive Technology – Marrying analog or digital art with disruptive technology
Art Ecosystem – Building a fair, accessible, more transparent & ecosystem in digital space with the highest security level
The key features of the app include:
Curated – They want to offer curators and artists who are new to this space a chance to explore it in the most supportive way possible.
B2B Partnerships – The focus will remain on leveraging B2B partnerships for fashion, apparel brands, and businesses with loyalty-based membership programs
Democratization Of NFTs – We aim to bridge the gap between analog and digital art by making NFTs accessible to all. Users will be able to buy NFTs from the loyalty points available to them as well.
As per the Projected userbase and projections, The Upside Space will be valued at $287.2 Million. With a 25% range, the valuation on a 5 Year-forward basis is $258 million – $316 Million. Pre-Money Valuation: With a total projected DCF value of $169 Million, The Pre-Money Valuation of the TUS will be $24 Million. The total raise for the project is expected at $7.2 million.
The roadmap of The Upside Space is as follows:
Q1-Q2 2022 – MVP creation and product planning.
Q3 2022 – Official Launch of Portal with the Main exhibition – August Launched in 7 countries.
Q3 2022 – 3 Primary Exhibitions with 4-8 Artists in each Exhibition and Initiate B2B business with generative art.
Q4 2022 – Introduce Institutional Partnership with Music NFTs While organizing 7-8 exhibitions across the Quarter.
2023 – Integrated scaling of operations with Presence in 50 countries.
2024 – Achieving market leader status in Niche and B2B NFT Industry.
Ruskin Felix Consulting LLC partnered with Echoes of Space, to create an investor pitch deck highlighting the overview, and working of the business, B2B benefits of the company, B2C benefits, and the functioning of the business. The pitch deck also helps in understanding the market trends, value additions, design processes, and service verticals.
Most people who want to design or update their space don’t know where to start, have the time to brainstorm and shop, or even know what their personal style is, to begin with. Former principal designer Pria Rajput created Echoes of Space out of personal and business needs.
She understood the struggles of additional fees of designing space and shopping for furniture, no set process for guidelines, and hard to justify design without a visualization. Gives designers a platform to interact with each other to share their creative work and ask questions, giving them a community to learn and grow. The Echoes of Space platform reflects and solves these common problems by connecting people to experienced designers and acting as a shopping portal for them to buy all their newly recommended furniture in one click.
Echoes of Space is the next digital movement for the Real estate industry. Echoes of Space was created to accommodate user budgets with their competitive pricing for 3D rendering packages and cut all the associated fees that come with hiring a designer in-house.
Their value additions include:
Saves Time & Money – 3D renderings enable a designer to customize and identify possible mistakes in a layout. Project Approval can be done by all stakeholders.
Comprehensive 3d Renders – With 3D renderings, interior designers can develop presentations, virtual reality views, animated videos in 3D spaces, 360-degree photos and videos, and 3D walkthroughs.
100% Customer Satisfaction – With 3D renderings, designers can illuminate real-life depictions of objects with the help of distinctive lights and shadows as well as lively hues.
Boost Sales and Conversion – 3D interior renderings can positively influence stakeholders or buyers by depicting every micro detail of an interior project. Best for Luxury design projects.
Echoes of Space’s renderings show you the position of the structural components, furniture, appliances, and the tool to shop the interior items or similar items directly from the final rendering of one’s proposed space.
Echoes of Space’s design process includes:
Conceptualization – prepare the complete concept of the design through 3D modeling.
Final rendering – Complete the final model and 3D render.
Shop products – shop the products directly from the renders through their online store.
RFC helps clients generate long-term value for all stakeholders. We help clients transform, grow, and operate while fostering trust through assurance with our services and solutions, which are made possible by data and technology.
We balance ESG and risk mitigation in our professional services. Our consulting experts make sustainability a business priority with vision and pragmatism.
