Business strategy for growth.
Strategy & Risk | Governance | Asset Management
Many people are so busy in their day-to-day operations that they often find themselves frustrated be being unable to develop their business strategy, much less implement it.
Quintessential works in the background, giving you the confidence to know that the implementation of your strategy is progressing, which offers you peace of mind and enables you to focus on the day-to-day priorities. As experienced consultants, we work autonomously with little need for supervision, checking-in with you at regular intervals to keep you in the driver’s seat and fully informed of our progress.
Strategy & Risk
Once all the strategy workshops, ideas, post-it notes and white boarding is completed, the hard work starts in order to make your aspirations a reality.
Quintessential works as your partner to help you to maintain focus on the organisation’s purpose and implement your strategy through plans, actions and importantly, embedding the required behaviours that support your desired objectives.
We adopt a holistic view of implementation by including the need to address the aspects of people, resources, structure, systems, and culture. All of these components must be in place in order to move from creating the strategy to activating the strategy.
Additionally, the importance of risk is often forgotten about in the strategic development and implementation process. Therefore in parallel to strategy, we conduct a risk assessment to identify and define treatment plans for anything that might prevent your strategy from becoming a success.
“…the framework of rules, relationships, systems and processes within which authority is exercised and controlled. It encompasses the mechanisms by which those in control are held to account.”
Governance influences how the strategic objectives of the organisation are set and achieved, how risk is monitored and assessed, and how performance is optimised. Therefore it is surprising how many organisations do not have a working governance framework established.
Quintessential will help you to build a practical and simple governance framework that enables you to monitor your business’s performance in a holistic manner and tracks how well you are progressing towards your strategic objectives.
We often confuse ‘Managing Assets’ with ‘Asset Management’, adopting a product focus yet neglecting the systems that support that product.
Quintessential applies a systems thinking approach to asset management, whether the ISO55001 standard specifically or its broad principles. The systems thinking approach helps to embed the necessary practices and behaviours in a holistic and progressive manner. This approach avoids the need to impose large-scale step change in preference to making iterative small adjustments until the desired outcome is achieved.
Our approach supports the development of behaviours and mindsets necessary for successful asset management. It ultimately cultivates a culture shift from ‘managing assets’ to the more holistic approach of ‘asset management’.