Business Intelligence, Economic & Decision Analytics
At Strategies & Solutions Group, we love to analyze data in support of critical decision-making. We create structured techniques to solve complex problems; identify root causes; optimize the probable outcomes of difficult decisions; and optimally align actions or projects with goals and values. We compare alternative courses of action to determine which action will have the highest likelihood of satisfying your goals. Where implemented, this level of analytical sophistication reduces risk and maximizes realization of opportunities.
Product & Service Pricing Strategies: The price you charge for your product or service is one of the most important business decisions you make. Setting a price that is too high or too low will - at best - limit your business growth. At worst, it could cause serious problems for your sales and cash flow. It is important to carefully consider your pricing strategy and perform regular pricing reviews. Strategies and Solutions Group has the resources and expertise to help you create an effective and profitable pricing strategy taking into account all factors including your competition. There are numerous considerations that must be taken into account when performing this analysis. For instance, healthcare practices, clinics, and hospitals must consider whether to be a participating "in-network" provider with various insurance companies and third-party payers, and whether or not to create concierge, or cash-based payment alternatives. We have performed these analyses numerous times, and can effectively evaluate your business's unique situation and recommend a course of action that will result in the highest probability of success.
Columbia, MD | Washington DC | Tysons Corner, VA
Due Diligence & Preliminary Investigations: SSG provides comprehensive business due diligence prior to investment in startups, or prior to mergers and acquisitions. This capability seamlessly blends SSG's industry, financial, legal, human resources, operational, strategic, and restructuring expertise, and we work closely with our strategic partners to ensure we provide a high degree of accuracy and completeness. We start off with our "Business Analysis" activity which is an excellent tool for identifying the strengths, weaknesses, opportunities, and threats to the business. This is a deep dive analysis that takes about one month for most clients, and it reveals a great deal of information. The results of a due diligence engagement provide practical insight into the financial and business factors affecting a potential acquisition transaction. Smaller scope investigative engagements can be performed prior to entering into a major contract or partnership with another party. We can help minimize the enormous risk associated with critical business decisions such as these.
Financial Consulting (Regulations & Internal Controls): SSG provides our clientele with sound guidance to mitigate exposure to fraud or to regulatory noncompliance. Regulatory Compliance focuses on helping our clients address regulatory requirements pertinent to their business activities and strategic objectives in an effective and cost-efficient manner. Fraud is a bigger problem than you think. Some of the most common types of employee fraud include stealing assets either directly or through fraudulent billing schemes or check tampering. Some specific examples include: paying fictitious vendors, skimming cash, claiming undue overtime, stealing inventory, or embellishing an expense account. Regardless of the nature of the fraudulent activity, the propensity for loss is tremendous. Fraud can threaten the stability of a business by resulting in significant financial losses. Don't be vulnerable. Let Strategies & Solutions Group bring you peace of mind.
Executive Dashboards & Key Metrics: SSG can work with you and your team to identify key drivers of your unique business and ensure they are measured. “What is measured is managed”. Often we assist businesses that either calculate dozens of mathematical metrics without real focus on what is important and actionable, or they collect and review too few metrics, resulting in a lack of insight into their business performance. Cluttered metrics are a distraction. We can help get you focused again. SSG will work with your leadership team to define the correct set of metrics based on your unique needs, and will then setup the systems and processes to begin collecting, measuring, and visualizing your Key Performance Indicators (KPI). Our members have years of expertise in building bridges between IT systems that don’t normally integrate. Once the information can be centralized, creating dashboards becomes very powerful and easy to manage.
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Evaluation of Opportunities, Alternatives, and Threats: Whether we're doing a Business Case Analysis, Cost Benefit Analysis, Analysis of Alternatives, Feasibility Study, or SWOT (Strengths, Weaknesses, Opportunities, Threats), we evaluate potential alternatives, opportunities & threats in terms of cost, schedule, performance, and risk for feasible alternatives prior to making costly business decisions. Our members have significant experience in using the latest and most advanced tools, techniques, and datasets to provide our clients with highly accurate and defensible results in less time and with less effort than our competitors.
Risk & Opportunity Management: Our Risk and Opportunity Management activity effectively recognizes, drives and exploits opportunities while managing exposure, minimizing probability of occurrence, and mitigates the impact and outcomes of risk. Risk and opportunity management is most effective in creating or protecting value when it is an integral part of the management processes, embedded in the culture and practices of the organization, and tailored to the organization. Where it is effectively used, it is tied into the client's Preventive and Corrective Action Process and Continuous Process Improvement Process to reduce the cost, liability, and schedule impacts of the inevitable appearance of Murphy's Law.
Multivariate Decision Analysis & Value Modeling (AHP, QFD): Imagine being able to take the inputs from a large group of people, and emerge with a cohesive vision or strategic plan that has full buy-in from all stakeholders. That is the power behind this activity. Two powerful tools to aid in structuring complex business decisions are Analytical Hierarchy Process (AHP) and Quality Function Deployment (QFD). Combined with our experience in modeling problems, we create a structured mechanism for arriving at optimal outcomes of very complex problems with numerous variables that must be considered. We typically use one or both of these techniques on a particular project, and then we tailor our refined approach based on the unique needs of the client. I can't say enough about the value you'll receive from this activity.
Business Intelligence (BI) & Data Analysis: Creating knowledge from data and applying it to remove the fog of uncertainty. We excel at identifying, collecting, and transforming raw data into actionable and meaningful intelligence to help executives make sound business decisions. Some people love ice cream, but we love data analysis, and we're very good at collecting, analyzing, visualizing, and presenting that data in a way that supports critical business decisions. At SSG, attention to detail and accuracy are paramount, so you can trust that our deliverables will be of the highest quality.