In accordance with Law on Governance of Capital Shares of a Public Person and Capital Companies, which defines the need for a capital company of a public person to develop a middle-term operation strategy, during the period of February 2016 to May 2016 “Dynamic University” Ltd. provided strategy development services for Latvia National Metrology Centre (hereinafter – LNMC). The aim was to develop a middle-term operational planning and strategic development document – Operational Strategy 2016-2018 (hereinafter – Strategy), which clearly states the mission, vision, aims, strategic priorities, development objectives, key performance indicators of the Centre and other components.

PROJECT SOLUTION AND RESULT

LNMC Operational Strategy 2016-2018 was developed in accordance with Cross-Sectoral Coordination Centre guidelines for capital company middle-term operational strategy development and the defined capital company of a public person’s objective to get long-term benefit from its assets and reinforce effective governance practice. Based on the above, the developed document captures evaluation and depiction of the following components:

• LNMC institutional portrait that primarily reveals the fundamental information about LNMC, its strategic objectives, governance model, normative base, human resources, material and monetary resources;
• LNMC business model – products and services, twinning and partnerships, cost structure, income model, market analysis and financial indicators; 

• LNMC environmental factor analysis, SWOT and risk analysis;
• LNMC strategic objectives, financial and non-financial objectives, key performance indicators;
• governance of operational strategy.

For effective implementation of LNMC Operational Strategy 2016-2018 it is planned to provide strategy monitoring and evaluation, as well as strategic and operational supervision at all levels at LNMC.