RVC Group holds Strategy Workshop
Amidst the March quarterly Board meetings, an absorbing session involving Rift Valley's entire senior management was held, aiming to "enable the cross-fertilisation of ideas and collaboration between directors and management on key strategic issues".
Led by RVC Board member and Hoegh Capital Partners CEO, Martine Vice Holter and Head of Business Analysis Nick de Swardt, this animated and useful exercise allowed for the presentation of RVC's current strategy and competitive position, followed by a high level overview of different strategic paths that RVC could pursue. These paths included three proposed scenarios; “Keep with status quo”, continuing with current strategy; “Do more with less”, reducing the number of business lines and “Be more radical”, innovating how we operate our business.
The attendees were then divided into groups to develop more detailed appraisal of the three strategic scenarios, leading to lengthy discussion on whether current strategic direction is indeed broadly appropriate over the next 3 years and where alternative strategic paths and choices could lead to clear trade-offs. This brainstorming session was an opportunity to air several more creative ideas that may meritfollow-up over the longer term, but served as a timely exercise to imbed the principles of RVC's current strategy.