Determining the right business strategy is anything but straightforward and should be constantly refreshed. At Summit, we can assist your senior management to do that and much more.
If corporate strategy is about the allocation of capital across a portfolio of strategic business units, the role of business strategy is to deploy that capital to drive growth, profitability and market position. This is the most direct way to generate value and create sustainable competitive advantage. In other words, to put it to work in the most effective way possible.
A business only prospers if it can satisfy the rapidly changing needs of its customers, both more fully and more profitably than its competitors. Today, with digital disruption blurring industry boundaries and geopolitics challenging long-held assumptions, these needs are changing faster than ever. Adding to the complexity is the fact that different strategic environments call for very different types of strategies.
At Summit, we can help you review and understand strategy through a number of interventions: providing rich insights to the strategic environments; a candid assessment of business’s real competitive advantage; direct and agile connection between strategy and execution; and most importantly, building realism in the end-to-end process.
HOW CAN WE ASSIST CLIENTS IN STRATEGY
We help clients elevate their internal audit function by embracing innovation and adapting to the changing landscape. We believe a comprehensive approach to risk management and decision making is a need of the hour i.e. a balance of retrospective analyses and forward-looking approach along with close collaboration with other business units to increase value within the organisation.
The Institute of Internal Auditors (IIA) revised its Global Internal Audit Standard in 2023 and this is now a significant opportunity for organisations to incorporate the latest developments and drive transformation as the new standards are not only relevant to Internal Audit but rather the entire organisation. There is now additional focus on the following areas:
HOW WE CAN HELP ?
ERM is influenced by external factors, such as regulatory changes, or internal evaluations triggered by adverse events. Increasingly, CEOs and business leaders are adopting a proactive approach, enhancing risk management to align with strategic priorities and transform it into a competitive advantage that improves decision-making and boosts company value.
We offer a range of specialized consulting services designed to help clients build, implement, and optimize their ERM frameworks and processes.
– ERM Framework Development and Implementation
– Risk Assessment and Identification
– Risk Register Development
– ERM Training and Education
– ERM Software Selection and Implementation
– ERM Maturity Assessment
– Emerging Risk Identification
An Ethics Audit is instrumental in identifying potential risks and liabilities and improving legal compliance leading to improved relationships with stakeholders. It can also help in improving the organisational performance. Further, there is pressure to account for actions in areas including corporate governance, ethics programs, customer relationships, employee relations, environmental policies, and community involvement.
We can help organisations with:
-Establishing an ethics program
-Systematic evaluation of ethics program and performance to determine it’s effectiveness
-Regular, complete and documented measurements of compliance with policies and procedures
COSO Internal Control Framework is designed to provide organisations with a framework to design, implement, and evaluate internal controls. At Summit Strategies, we help organisations assess the adequacy and effectiveness of internal controls by internal control and functional maturity assessment in compliance with COSO framework.
We can help:
-Perform Risk Assessment
-Process and Control Documentation
-Risk and Control Matrix (RACM)
-Perform Maturity Assessment of the Key Functions
-Assess Design Adequacy of Controls
-Identify Deficiencies
-Recommend Action Plans
We align initiatives holistically through all the building blocks of an organisation
High performance in transformation initiatives comes from integrating the different elements that constitutes the entire organisation.
At Summit Strategies, we take a holistic approach to work through all elements of the organisation and connect transformation initiatives with the purpose, vision and strategy, tracing the journey through each of the organisational and functional pillars.
DIGITAL TRANSFORMATION we can help you with the following: | |
| Digital Strategy | Digital Maturity Assessment Digital Strategy and Future State Digital Innovation Lab |
| Enterprise Architecture | Enterprise Architecture Diagnostics Enterprise Architecture Framework Design Enterprise Architecture Governance |
| Transformation Management Office | TMO Design and Setup Outsourcing/ co-sourcing of TMO IT portfolio review and benefit optimization |
| Service and Experience Design | Experience Diagnostics Experience Optimization/ Reimagination MVP Engineering Use case identification and Proof of Concept |
| Change Management | Change Management Strategy Change Management Governance/ PMO Workforce Enablement Communication & Engagement |
Esg – Environmental, Social, Governance
Hse – health safety and Environment
At Summit Strategies, we guide organisations through their ‘sustainability’ transformation journey. We believe that prioritizing ESG and HSE isn’t just about compliance – it’s about building creditability, mitigating risks and unlocking long-term value for sustainable growth.
By implementing robust HSE practices alongside ESG strategies, organisations not only safeguard employee health and safety but also enhance operational efficiency and reduce environmental impact. With the right technology and business practices, organisations can gather comprehensive ESG and HSE data to drive accountability, enhance boost stakeholder confidence, and create measurable value. A robust ESG and HSE strategy not only aligns with global sustainability goals but also strengthens resilience, attracts investment, and unlocks new growth opportunities.
Our offerings include:
ESG Advisory:
HSE Advisory:
Our HR Advisory services aim to align human resources with organisational goals, enhancing overall performance and employee satisfaction. We provide assistance in the following areas: