It is generally accepted that financial strategy and business strategy advice overlaps with economic analysis advice. So, it makes a great deal of sense to provide sound and practical financial and business strategy advice at the same time as we are providing sound and realistic economic analysis advice.
At the time of providing financial strategy advice, our economist will perform a defined sequence of steps that will encompass the full range of your business’s or organisation’s finances. This advice will involve:
- Analysing the strengths, weaknesses, opportunities, and threats to your business or organisation.
- Evaluating the environment in which your business or organisation operates.
- Developing short-term and long-term strategies to help your business or organisation achieve its goals and objectives.
- Analysing financial data and making informed financial decisions.
- Tracking variances between “actual” and “budget” results.
- Identifying reasons for any variances
As a business owner or key executive you will have to face many complex challenges, particularly if you are operating in a highly regulated industry sector. Our economist will work with you to review your current business strategy and to identify your considerations. For example, these can include:
- Assessing your business’s or organisation’s current market position and ascertaining if it can continue to sustain a competitive advantage in the marketplace.
- Identifying your business’s or organisation’s end goals (i.e. what you want to achieve for your business or organisation).
- Identifying a realistic path that will ensure your business or organisation can achieve its goals and make them into a reality.
- Ensuring your business or organisation can continue to meet your customers / clients expectations.
- Mapping out where the most compelling opportunities lie for your business or organisation.
Our economist will combine economic theory and quantitative rigor with a deep understanding of the drivers that shape your business or organisation. He will incorporate flexibility for changing strategic imperatives and they will develop a number of models for key areas that are both sound and realistic. For example, our economist will develop: