The rationale for corporate action is driven by the strategic intent of the corporation and an assessment of current market conditions.

As a first step, the Deloitte team focuses on the formulation of a broad business strategy. As part of an effective M&A process, carve out and sale of non-core activities is an important strategic option. Deloitte firmly believes that every business is a portfolio of activities and exiting can be a value creation exercise rather than a failure issue.

Quantifying the implications of business strategy is vital in helping executives understand the link between transactions and strategy, and ultimately the steps required to increase the return on capital and to realise enhanced performance.

The concept of strategic innovation began as an internal process to enhance the growth of Deloitte in South Africa, but has subsequently grown into a global programme for our clients and has also become the benchmark of success for processes of this type.

The following services are profiled in this section:

• Strategy and planning
• Strategic finance
• Innovation and corporate venturing