Developing a winning strategy

‘Strategy is one of those words that gets widely uses at work without really being truly ‘strategic’!

Why? That may be because a robust, winning strategy can often be very hard to create.

But if there’s one man who’s bound to know about strategy and strategic planning, it has to be Sir Philip Green. Whilst it’s easy to feel wistful about BHS now that it is up for sale, look at how Sir Philip tuned that brand around! He bought it in 2000 with a £200m bid from the Storehouse Corporation.

He quickly turned around the flagging business, which was subsequently worth £1.2bn a year later. His flair was that after making such a significant transaction, he was was very quickly able to re-engineer the business and so extract significant value out of it. He is phenomenal at getting the most of the assets he has by reducing the cost base and making it much leaner. Now THAT is strategic planning extraordinaire.