The strategy for HAWSABAH Company involves a detailed SWOT analysis aimed at leveraging strengths, mitigating weaknesses, exploiting opportunities, and guarding against threats. By identifying core strengths through internal surveys and performance metrics, HAWSABAH plans to craft marketing campaigns showcasing these strengths. This will help in building robust partnerships and entering new markets. Regular assessments will ensure strengths are aptly utilized for business performance.
Addressing weaknesses involves conducting audits to pinpoint critical weak areas, followed by action plans with clear timelines. HAWSABAH aims to allocate resources wisely, implement continuous monitoring, and prioritize technology investments to effectively mitigate weaknesses.
For exploiting opportunities, HAWSABAH focuses on identifying market trends and crafting strategic business cases. Collaborating with industry experts and forming partnerships further enhances the ability to capitalize on emerging opportunities. Continuous innovation in products and services will align the company with environmental and social developments.
The strategies
⛳️ Strategy 1: Leverage strengths
- Identify and document the company's core strengths through internal surveys and performance metrics
- Develop marketing campaigns that highlight these strengths to potential clients and partners
- Use strengths as a benchmark to evaluate business performance regularly
- Strengthen partnerships with companies that are aligned with HAWSABAH's core capabilities
- Invest in training programs that expand on existing strengths and skill sets of employees
- Enhance product or service development using feedback to ensure strengths are being utilized effectively
- Highlight strengths in all communication to stakeholders
- Incorporate strengths in corporate presentations and pitches
- Utilise strengths to enter new markets or expand existing operations
- Perform regular SWOT assessments to keep track of dynamic strengths
⛳️ Strategy 2: Mitigate weaknesses
- Conduct an internal audit to identify critical weaknesses within the organisation
- Develop an action plan to address each identified weakness with clear timeframes
- Allocate resources efficiently to tackle high-priority weaknesses
- Provide necessary training and development for teams struggling with skill gaps
- Outsource or collaborate with third parties to overcome weaknesses not cost-effective to resolve in-house
- Implement regular monitoring and reporting to ensure weaknesses are being addressed
- Encourage feedback from employees and clients to further uncover weaknesses
- Prioritise investment in technology or systems that can alleviate weaknesses
- Set up a dedicated team to continuously monitor and evaluate weaknesses
- Celebrate and communicate internally when weaknesses are effectively addressed
⛳️ Strategy 3: Exploit opportunities
- Research and identify emerging market trends aligned with HAWSABAH's business goals
- Develop business cases for new opportunities to capture stakeholder support
- Allocate budget towards projects that target identified opportunities
- Collaborate with industry experts to evaluate potential opportunities
- Position company branding to align with emerging opportunities
- Monitor competitor movements to anticipate opportunities they might overlook
- Explore opportunities in digital transformation and innovation
- Create strategic plans to implement pilot projects for new opportunities
- Establish partnerships with companies in markets representing growth opportunities
- Continue to innovate products and services in response to environmental and social shifts
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.
