Strategic planning for
an entertainment company
SITUATION
Objective: Establish business and creative orientations for the next 5 years
Situation:
- Revenue maturity for the core business
- Brand erosion and fatigue
- Intensified direct and indirect competition
APPROACH
A rigorous internal and external diagnostic was conducted
- Global trends in live entertainment
- Market, consumer, competitor analyses (external)
- Financial, marketing and operational analyses (internal)
- Interviews with internal stakeholders and external industry experts
Strategic workshops and two-day strategic offsite with executive team to reflect on new growth paths for core business and diversification opportunities
DELIVERABLES
- Development of corporate objectives and artistic orientations
- Revision of company’s mission, goals and values
- Identified business strategies and quantified future revenue sources for profitable growth: new markets, new creative content, new customer segments, new distribution formats, new partnerships, etc.
- Proposed improvement opportunities for the creation / production / operations models
- Translation of strategies in 3-year financial plan
- Organizational structure to support strategies