Our team of experts specialize in developing unique plans or framework that are designed to gain a competitive advantage over other market participants while delivering stakeholder promises. Our focus as consultants is to determine how to create the most value for our clients. Corporate Strategy builds on top of business strategy, which is concerned with the strategic decision making for an individual business. The work delivered is concerned with achieving the following objectives geared to drive growth for our clients:
While addressing the allocation of resources within a business, thinkCOMPASS is concerned with two resources in particular: People and Capital. To maximize the value of the business, our team of experts helps in identifying how to allocate the resources of the specified business to make the whole greater than the sum of the parts.
Organizational structure involves implementing the necessities attached to corporate configuration and related procedures in effort of creating a system that drives maximum value. thinkCOMPASS considers and reports on the role of the business leaders down to the structure of individuals and business units. Specifics include vertical hierarchy and matrix reporting.
As it relates to portfolio management, thinkCOMPASS focuses on the manners in which operations within a business complement each other, their parallels, and where the business is primed to make a move to further its growth.
Work Deliverables Related to Portfolio Management: a) Deciding what business to be in or to be out of b) Determining the extent of vertical integration
Managing risk through diversification and reducing the correlation of results across businesses
Creating strategic options by seeding new opportunities that could be heavily invested in if appropriate
Monitoring the competitive landscape and ensuring the portfolio is well balanced relative to trends in the market
A key fundamental involved in corporate strategy is evaluating and determining between risk and return within a business as it relates to business decisions. Managing risk involves assessing the market, understanding the true value and model of the business from a holistic point of view, and making a decision that will better the organization, not hurt it. Generating return encompasses strategies that are created and designed to increase opportunity and possibility.
The creation of an Economic Development Strategy is recognized as a business’ next step towards economic diversification. It is promised that the strategies delivered will identify actionable goals and objectives that will maximize the impact of investment as it guides the business and helps it to embrace an economy that will be changing rapidly. Our team of experts is poised and primed to deliver the following work deliverables in relation to economic development:
Support business attraction, retention, and expansion.
Promote the growth of the year-round local economy.
Support sustainable economic diversification with minimal environmental impact.
Create employment opportunities for residents.
Attract or increase investment into the community.
Increase the municipality’s tax base to support public infrastructure and services.
Improve the quality of life for permanent and seasonal residents.
Expand visitor and tourism activity.
Build and sustain collaborative partnerships at the community level and with the public and private sector.
Position the municipality to anticipate future development needs and opportunities.
Ensure recommendations are financially sustainable for stakeholders, including taxpayers.
Drawing from our years of experience in markets across various sectors around the world, our approach is to closely examine and to identify strengths, weaknesses opportunities and threats (SWOT) from the perspective of the potential investor. Using this information, we develop the unique value proposition (UVP). We then advise on how our client can best leverage their UVP to strategically position themselves to successfully compete for investment and gain footholds in new sectors and markets.
Finding the Balance between Family and Business
thinkCOMPASS has guided family-owned businesses to prosper across generations. We establish structures and processes, which protect the integrity of the family and the enterprise to ensure growth through generations.
Family-owned companies face unique vulnerabilities. Potential sources of discord among family members loom around every corner: generational transitions, major investment decisions, appropriation of profits, and leadership appointments. After all, why should entrepreneurial families be less quarrelsome than any other group of relatives?
The consequences of their disputes, however, can be more serious and far-reaching. Conflict is, perhaps, the greatest destroyer of value in family firms. Finding an equilibrium that leverages the best aspects of both family and business is difficult, but if done well, offers handsome rewards.
This is the art of family business management.
It is important to articulate a governance framework that separates business from ownership and defines a clear process for families and owners to resolve family and business issues. thinkCOMPASS will help you do exactly this through comprehensive strategy, training workshops, and implementation.
An effective family enterprise consultant will listenfirst then proceed to ask questions to understand the unique qualities and values of your family and your enterprise.
Your consultant(s) will build trust with everyone involved and be the model of tact and transparency.
Your consultant(s) will appreciate that there are at least four distinct, dynamic systems at work:
Governance (i.e. Board of Directors, Advisory Board, and Family Council)
Your consultant(s) will help all of your family members understand that the company’s strategy, board and ownership group all need to be aligned. Our consultant(s) will help you every step of the way, even establishing alignment through disagreements.
thinkCOMPASS will help you explore solutions and define directions for your business immediately. We often work alongside (your) lawyers, accountants, to help you establish goals and develop plans to satisfy individual, business, shareholder and family needs.
thinkCOMPASS works directly with business/family members to define the roles and responsibilities of current generation members and incoming generation members in the new structure. We help make sense of these emotional situations through transition to create harmony within the business family.
FREQUENTLY ASKED QUESTIONS
How can we minimize the risk of disputes over the running of the business
What can I do if family members who work for the business don't get on well together?
What sort of issues should we cover in a shareholder agreement for a family business?
Are there any restrictions on employing family members?
Should we encourage our children to work for the business?
Are there any restrictions on appointing family members to the board of directors?
Should we have directors from outside the family?
MERGERS & ACQUISITIONS
thinkCOMPASS has had the privilege of working with hundreds of companies around the world for more than 20 years. As a result of this time spent and dedicated to business growth, our team has developed a keen understanding in the logistics involved in mergers and acquisitions. We as a firm understand and recognize the sensitivity involved with this specific business transaction which is why we take such pride in the work. As it relates to the specifics, our team of experts is well-versed in the consolidation of companies or assets through various types of financial transactions, including M&A. thinkCOMPASS is primed to execute the following:
We look forward to working together with our clients for more WINS, knowing that we have been recognized in the industry as being able to successfully provide our clients effective customized solutions and award winning designs that satisfy all types of business needs.
WE ARE UNIQUE
Award-winning work built on Leadership, Innovation, and Creativity. Over 21 years and millions of dollars in insights, capital, and resources. We have worked across 20 industries, helping businesses expand abroad and into Canada. We are passionate about solving challenging problems for our clients, international business development, and helping clients achieve sustainable performance.
A BRIEF HISTORY
The unique quality thinkCOMPASS has is our global network of partners consisting of over 160 partnerships in over 35 countries, which include government organizations, associations and chambers, educational institutions and in-market consultants.We have worked hard to manage, nurture and expand our network to help our clients become connected with global opportunities. Through our network we are able to present innovative technologies into the Canadian market, introduce businesses to support economic growth and build partnerships to help clients find new channels for business development. thinkCOMPASS not only helps our local community, but makes the world smaller by helping connect global companies with the Canadian market.
CELEBRATING OUR 21ST YEAR IN BUSINESS
Providing growth opportunities through our service verticals: Strategic Consulting, Digital Marketing, and Globalization.
Helping businesses reach larger audiences and develop tactics to improve business efficiencies.
Managing, nurturing, and expanding our network to help our clients become connected with global opportunities.
“thinkCOMPASS has been our dedicated service firm for over 20 years. thinkCOMPASS’ strong consulting and marketing expertise, ability to adapt to changing industry trends, and their genuine dedication to supporting our cause have driven our long-term relationship.”
“thinkCOMPASS helped our brand market to a bigger and better audience by re-conceptualizing our logo and building an online presence. We proudly showcase our brand and thank thinkCOMPASS for guiding our journey!”
“It was a pleasure working with the team. Their incredible team helped me build and develop the business' social media strategy and execution. In addition, they helped me in the development of a new website. ”