Structured Strategic Planning Process

The Problem

This financial services company was expanding quickly through organic growth and acquisition and had no structured planning process in place to support:

• Rapid changes in the regulatory environment

• Expected growth of the company to $20 billion
  

• Diverse markets and cultures associated with acquired companies

The Solution

Carolyn Picciotti developed and facilitated the strategic business planning process, including:

• Processes designed, documented and communicated to nine subsidiary businesses

• Strategies and financial plans consolidated from the subsidiaries, financial analysis conducted, and presentation prepared for the Board of Directors

• Process for reporting status of activities, to allow senior management to gauge progress against the approved plan

The Result

• Corporate growth to $20 billion achieved
  

• Subsidiary businesses developed and implemented plans to achieve aggressive corporate goals

• Financial analysis led to divestiture of three unprofitable businesses, significantly improving the company's bottom line
  

Next Planning Process