All successful businesses in Orange County, California are established with a vision and a mission. For a company to have direction, realistic goals should be set when the business is conceptualized. To achieve the goals of a company the owner/s should formulate a good corporate strategy.
Corporate strategy refers to the set of strategic plans that support the mission and vision of a company. It is important that a corporate strategy is aligned with appropriate operations and execution tactics so that corporate goals will be met. Corporate lawyers in Orange County, California can assist business owners in formulating an effective corporate strategy.
Business Lawyers Assist in Corporate Strategy
Symptoms of a Poorly Constructed Corporate Strategy
Many businesses in California fail to succeed in achieving their goals because their corporate strategy is not properly conceptualized. Here are a few of the signs of a poorly constructed corporate strategy:
1. Missed Financial Projections
Companies make financial projections in order to monitor progress. When projections are missed, they are usually traced back to an array of various issues, but more often than not, the root cause is a misaligned corporate strategy.
A good corporate strategy is the combination of thorough planning and proper execution. A misaligned corporate strategy means that either the planning was good and the execution was poor, or the planning was poor and the execution was consequently directionless. The latter is more common.
If planning is not done strategically, the employees of a corporation find themselves going in their own direction in order to achieve the company goal. This disunity results in corporate deadlines that are not met and delayed product and service launches, etc.
2. Stalled Growth
Without proper corporate strategy, a business will suffer many losses. The initiatives created to support and sustain profitable growth will fail. Even when a company has the most competent leaders and the cream-of-the-crop employees, if their efforts are not coordinated wisely, goals will not be achieved. It is imperative that the efforts of all parts of the organization are unanimously directed by one corporate strategy.
3. Duplicity of Initiatives
When a business runs without a good strategy, the individual parts of the company can gradually drift into a self-directed mode, wherein their efforts stray further and further from the corporate goals. Moreover, these company divisions will find themselves creating their own initiative. Consequently, some of the initiatives that one division comes up with are similar, if not exactly the same, as the initiatives of another division. This duplicity of initiatives negatively impacts the company’s resources.
4. Employee Morale Problems
Because of the magnitude of chaos that a poor corporate strategy can create, leaders and workers of a company suffer. Not only will employees share a profound distaste of the disorganized operation of the company, their morale will also decline.
Although a decreased morale may not automatically imply a poorly constructed corporate strategy, it is worth noting that this might be a symptom of a misaligned strategy, especially if organizational chaos exists along with employee morale problems.
Correcting a Poorly Constructed Corporate Strategy
Business lawyers in California say that to correct a misaligned strategy, you must start planning your corporate strategy bi-directionally. Bi-directional strategic planning is when the strategies planned to achieve a goal are congruent with the execution. The problem with businesses that have a misaligned corporate strategy is that they focus only on a top to down planning, wherein those who strategize and those who perform the tactical execution are not working in the same direction.
Bi-directional planning makes sure that the planning and the execution are aligned by uniting the different parts of the organizational structure. It eliminates the division and competition that commonly exist between executives and managers. One way to do this is to have those who are in the execution and operations phase become involved in the planning. When the top-level executives heed the perspective of the operation managers, realistic goals are set, since operations are being considered upfront.
2. Implement an Effective Plan Oversight
Once you have finished planning bi-directionally and your corporate strategy has started to align properly, it is your duty to make sure that the strategy stays aligned. Corporate strategy stays aligned when there is proper governance that oversees all of the company’s operational initiatives. All projects and programs by the different departments in a company should report the progress of their initiatives, so that the overseer can assess whether operations are aligned with the goals that are being aimed for.
It is important to understand that strategy misalignment cannot be fixed overnight. Once you have observed the signs and have established that there is a misalignment in the corporate strategy, you will need to invest time, money and discipline, in order to realign the organization. Having a corporate attorney around to assist you through this process should help things go faster.
Business Lawyers in Orange County, California
Andy Gale of Gale and Vallance Corporate Attorneys
In cases of corporate strategy misalignment, many problems can arise, and these may include legal concerns. Corporate lawyers can attend to these concerns. Moreover, when realigning a misaligned organization, corporate records play a very important role. Having business lawyers to keep corporate records properly can help make sure that all needed documentation is kept safe and accessible.
Competent corporate lawyers can also help you in the legal aspects of starting a business in California, as well as in choosing and transitioning to a specific business entity.
Gale and Vallance is one of the most trusted business law firms in California. They are based in Orange County, California. For information about their legal services and other inquiries, contact them at +1 (714) 634-4838.
“Andy Gale is the one that I automatically think of when I hear the words ‘trusted adviser.'”
Business Attorney Orange County Client Testimonial
Posted by Valerie, a Business client.
I recommend Andrew Gale.
I hired Andrew 1-3 years ago.
Andrew handled my Business matter.
I have previously worked with 3-5 lawyers.
Andy Gale is the one that I automatically think of when I hear the words “trusted adviser.” I have hired Andy to assist me with my business ventures. Each time Andy has assisted me, he has risen above and beyond my expectations. His in-depth knowledge, great business sense, and integrity are what brings him to the top of his field. He even took the time to review some documents for me over a holiday weekend. I highly recommend Andy Gale for use as a corporate and small business attorney.
If you haven’t heard about Benefit Corporations or B Corps, you probably will soon. Powered by a non-profit organization known as B Lab, the movement is gaining popularity with companies that want to harness the power of their businesses to provide a public benefit.
In the current business climate, B Corps are becoming popular because of their focus on seeking to improve environmental and social ills, all while earning a profit like a more traditional corporation.
State governments are paying attention, too. Many now recognize B Corps, and legislation is pending in several other states. In states that don’t yet recognize B Corps, B Lab awards Certified Benefit Corporation (or Certified B Corp) status to applicants whose missions meet their standards.
How is a B Corp Different?
While B Corps are fairly new, they’re taxed in the same way as a traditional C or S corporation. What’s different is their mission. While B Corps, S corporations, and C corporations may seek to earn profits for shareholders, a Benefit Corporation also serves a public benefit, either social or environmental.
How to become B Corp or earn Certified Benefit Corporation status
In states recognizing B Corps, a company must submit articles of incorporation stating their mission to serve a public benefit. In all other states, organizations can earn Certified B Corp status from B Lab.
Is a B Corporation for you?
Small and medium-sized businesses might not see much value in having a B Corp. It requires additional paperwork and, because some states require B Corps to hire specialized personnel, it may prove to be too expensive. For other businesses, the distinction of serving a public benefit appeals to potential clients and helps them accomplish their goals to solve environmental and social ills, making it a perfect choice.
Highly recommended!
Andy Gale & the associates at Gale and Vallance were awesome in setting up the CA Professional Nursing Corp for ARF Admin Solutions. They were very responsive and knowledgeable from the start. Highly recommended!
George
01/01/2023
Business legal services
Gale & Vallance provided excellent business legal services. The firm was professional, prompt and prepared. The entire process of starting a new corporation was easy and affordable. They have my recommendation.
Raj
07/10/2022
Highly Recommend!!!
I met Andrew Gale through a mutual friend several years go. I was so impressed with their business practice that I made it a point to get to know the attorney to expand my own business. Several years later following their advice i am successful with my business endeavors and do not make any decisions unless i consult with them. Not only do they manage my corporations but also literally help 30 of my clients who use their services. Rare gems in the industry. Highly recommend Gale and Vallance.
X
Incorporation Attorney
1820 W Orangewood Ave Ste 104a, Orange, CA, United States
This firm is excellent, efficient, reliable, with great valuable expertise and very thorough. Their dedication to providing great work and service is apparent in their kind, supportive, consistent great communication. Including providing consistent updates on new laws and regulations. Working with them and having them on my team, I have the confidence and reassurance that all services provided will be of great assistance and help to the continued positive growth and success of my corporation business along with the maintenance of keeping in compliance with and within federal state laws and regulations.
Hannah K
27/01/2024
A trusted colleague/friend of mine actually referred me to Andy's firm and I'm really grateful!
He and his team were incredibly prompt, informative, helpful, and patient (with inevitable questions that came there way by a new business owner like myself). With all the specificities it takes to create a business, this team was awesome in communicating with me and assisting me with navigating not only the needs to get the ball rolling but also how to keep it rolling and with tips to help with bank accounts and accounting packages (if I were to want to take those routes).
They were also very neutral in providing all the options possible and when I requested advisement or pros/cons, they were able to share these promptly and in a way that helped me choose what was best for me.
I'm glad to have worked with them and will continue to work with them
Courtnie L.
07/11/2023
I am so grateful for Andy Gale and his firm's help in getting my S Corp established. He has great expertise and I feel more at ease knowing everything was set up properly with their assistance!
X
Incorporation Attorney
1820 W Orangewood Ave Ste 104a, Orange, CA, United States
Andy and his team were a pleasure to work with! As an LMFT opening a private practice, I was nervous and felt like I didn't know what I was doing. Andy did a great job at explaining everything step by step. I got off of our kick-off call feeling confident and ready to take the next step to opening a practice! I decided to go with a corporation for my private practice. Andy and his team are thorough and answered all my questions throughout the process. I was surprised how quickly everything was taken care of. They also sent me emails along the way, giving me updates. I will be using them for my yearly legal needs. 10/10 recommend!
Julie Eyssallenne
12/11/2023
Andy and his team of professionals are amazing to work with. Not only are they extremely knowledgeable and professional, but they are also very friendly and easy to work with. They will always be my go-to. I appreciate Andy and his team!
Z D
12/01/2024
I could not be more pleased, and frankly impressed with the expertise, attention to detail, follow-up and professionalism of the whole office staff. Andrew Gale Esq is extremely knowledgeable of his craft. His overall approach to corporation creation and management took any doubt or apprehension I had about the process.
Thank you so much for everything and I look forward to a long relationship with your legal practice.
Zouhair Kevin Daif, FNP, Nursing P. C.