A Multi-Tiered Strategy Execution in Finance

The Situation
  • Following a strategy development engagement for a financial services provider, we set up an implementation management office (IMO) to execute the strategy.

The Assignment
  • The IMO was formed to execute the proposed strategy at different tiers (Board/ Corporate, Divisions, Teams/Individuals).

  • The IMO included 5 dedicated analysts from Stax who worked with various client departments who worked on executing the identified strategic initiatives.

  • A governance system was developed for monitoring and controlling the project plans to ensure successful implementation of the key initiatives.

  • The IMO also conducted market congruency tests and change management initiatives to enable smooth execution.

The Benefits
  • The Client was able to execute a complex strategy by breaking it down into manageable project plans for identified strategy objectives.