Functional Strategy

Without strategy, execution is aimless. Without execution, strategy is useless.

Morris Chang

• Has your Finance (or other) Function grown over time? Does it still fit the overall organisation?
• Following a merger or acquisition, have you brought several functional organisations together?
• Has your organisation experienced fast-paced growth, and the Function can no longer meet requirements?

These are just some triggers to step back and shape or re-shape the functions. That starts with a functional strategy. Without that, taking cost-effective operational or tactical decisions can be challenging. Decisions are furthermore taken reactively. This reactive approach can lead to under-utilising team members’ skills and inconsistent, sub-optimal delivery. It can ultimately negatively impact relationships with business partners and the team’s morale.

We draw on years of experience developing strategies for functions at different levels. Therefore, our consultants can work with you to define and clarify functional accountabilities. We then determine the best, most cost-effective way to deliver that. We leverage benchmarking to help you set strategic targets on the breadth and depth of scope and organisational model, including outsourcing, a shared-service set-up or transformation of your business-facing organisation to become true partners in the business.

We are adept at taking the conceptual and delivering tangible and actionable plans that fit your organisation. Critically, we ensure it is compelling for leadership and those impacted by the change – setting the scene for successfully delivering growth and value-creation plans.

In addition, our consultants gained much of their experience working remotely with senior stakeholders, leveraging clients’ technology to deliver outstanding results.

In short, we specialise in developing a functional transformation strategy that delivers world-class outcomes – whatever the scale of your organisation.

Our recent blogs may give some more insight into Loughridge Transformations’ approach: