Situation
The client is a municipally owned electricity distribution company. The company required a new comprehensive strategy that addressed, among other factors, changes in the operating environment over a 5- and 10-year horizon. Central to this strategy was defining what the company should and should not do. The company was involved in several different associated companies (stakes), and functions were both outsourced and handled internally. Furthermore, issues such as transmission pricing, investments in security of supply (preparedness), and operational efficiency were key areas for consideration.
Objectives
The company's goal was to remain a vital and sustainable electricity distribution company while keeping its transmission prices at a reasonable level compared to the industry average. Measured by the distribution network, the company is the third largest in Finland per consumption site. The company needed a clear strategy to secure its vitality in the coming years and to guide the necessary decisions to achieve this.
How Konsulttiverkko helped
Konsulttiverkko utilized a proven and adapted strategic approach for medium-sized organizations to execute the company-wide strategy process. The work involved extensive participation from various stakeholders. The final strategy was completed in close collaboration with the company's Board of Directors. As a result, the company now has defined its core strategic guidelines for both the 5- and 10-year outlook.
Results
The company now possesses a clarified vision, mission, values, and a comprehensive roadmap. Additionally, the company and its operative management are equipped and ready to promote the vitality of the entire region in collaboration with its owners.
