The strategy aims to create a strategic business plan for integrating three companies—UF, SADAD, and Tam—in Oman. The approach involves conducting an extensive market analysis to understand the competitive landscape, consumer behavior, and technology trends, with examples like identifying furniture and logistics sector competitors and surveying customers. This analysis will guide identifying market opportunities and building strategic partnerships.
Next, designing an optimal facilities and infrastructure plan is crucial. This includes evaluating current facilities, planning for new ones, and incorporating tech upgrades. An example here is assessing the need for warehouses and ensuring eco-friendly standards. This step aims to ensure efficient workflows and secure, tech-ready environments.
Finally, recruiting and developing a skilled workforce is key. The plan focuses on attracting qualified local and international talent, setting up training programs, and fostering a collaborative environment. This involves creating detailed job descriptions and offering competitive packages, ultimately enhancing employee engagement and business agility.
The strategies
⛳️ Strategy 1: Conduct a comprehensive market analysis
- Identify key competitors in the furniture, payment gateway, and logistics sectors in Oman
- Analyse consumer behaviour trends within Oman for each industry
- Conduct surveys and focus groups to understand customer needs and preferences
- Evaluate regional economic conditions impacting the three sectors
- Identify potential strategic partnerships in the local market
- Assess regulatory requirements for each business segment
- Determine current market share of each company and set strategic growth targets
- Analyse technology trends that could impact operational processes
- Review customer service practices and performance benchmarks
- Identify potential geographic expansion opportunities within Oman
⛳️ Strategy 2: Design optimal facilities and infrastructure plan
- Assess current facilities of UF, SADAD, and Tam for adequacy
- Identify locations for potential new facilities or warehouses
- Evaluate the need for technology upgrades in existing facilities
- Design layouts for efficient workflow in new or expanded locations
- Develop a timeline for facility upgrades or development
- Determine budget requirements for facility projects
- Consider sustainability and eco-friendly options in facility design
- Plan for high-speed internet and IT infrastructure in all locations
- Establish security measures for both physical and digital assets
- Coordinate with local authorities for necessary permits and approvals
⛳️ Strategy 3: Recruit and develop a skilled workforce
- Identify key roles and responsibilities required for operations in Oman
- Develop detailed job descriptions and specifications for all positions
- Implement recruitment strategies to attract qualified talent locally and internationally
- Establish a training program for new and existing employees
- Set performance metrics and review processes for staff evaluation
- Encourage a culture of continuous learning and professional development
- Offer competitive salary packages and benefits to attract top talent
- Foster an inclusive and collaborative work environment
- Implement a comprehensive employee feedback and recognition system
- Plan succession strategies for critical roles to ensure business continuity
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
