Enabling Strategic Speed

Understanding why strategic speed is a key to success

Given today's extremely dynamic and competitive environment, it is vital to consider how strategic initiatives are implemented and how they are formulated and affirmed in order to realise sustainable growth. Be it for launching a new service or product, managing a company through change, asset acquisition or expanding into an adjacent market.

Response strategies that align with a deep understanding of organisational capabilities and market opportunities or emerging threats can present valuable and lucrative business returns.

There seems to be a strong and positive correlation between speed and business results.

Faster companies experience an average of 40 percent higher sales growth and 52 percent higher operating profit growth than slower companies.

Decreasing time to value

Achieving a reduced time to value can make a significant difference to those looking to optimise resource usage and expenditure linked to due diligence processes or operational activities. This can be realised by first auditing and analysing your internal procedures, workflows and controls; however focus should also be placed on the experiences and perspectives of the people involved - both those in your organisation and the clients who use your service.

A Temkin Experience Ratings (TxR) report, evaluating 318 companies across 20 industries, revealed companies that earn $1 billion a year will see an average gain of $700 million within three years by investing in customer experience.

In essence, there is a movement among companies worldwide towards becoming more customer-focused and recognising the value of employee engagement.

To form a solution, it is worth thinking about what value means to you and your business and how much time and investment is needed to reach that value. In addition, reviewing how the people in the organisation are being mobilised is also very pertinent for many projects. For example, in the case of post-merger integrations, the objectives of quickly combining capabilities and accelerating synergies are considered by many to be greater value drivers than the initial stages of target searching or acquisition planning.

Some questions to ask:

• - What is being done to accelerate the planning and execution of strategic initiatives in your organisation?
• - Are you focusing on the right priorities?
• - How are the people in your organisation being empowered?

As the world's leading platform for research in the Energy, Natural Resources, Chemicals and Infrastructure sectors, Pangea SI facilitates rapid access to expert insights for businesses aiming to realise their potential and react to market growth opportunities.

Information is often critically time-sensitive, and when you need knowledge fast a time lag can make or break the actionability of the information, or even render it useless. In an industry that moves fast, the speed of absorbing information is imperative.

We are in a time of significant change, in terms of emphasis on decarbonisation and the energy transition. Businesses worldwide are looking ahead with a heavy focus on expanding, diversifying and transforming their portfolios.

Gaining Strategic Speed

Our clients stated that they were able to identify new opportunities more quickly through our platform. It was evident that Pangea SI Expert engagements led them to developing a more robust strategic architecture. Our client experience survey revealed that 100% of respondents believed our platform had enabled them to “increase the speed of their early-stage research into new areas”, with 78% declaring that it had “significantly increased” the number of opportunities they were able to investigate in the last 6-12 months.