If you’ve taken the time to think about the type of business you want to build, you’ve identified and then documented the specific interconnected actions you believe are needed to move your business forward, why not track those actions and measure their effectiveness?
SWOT – Strengths, Weaknesses, Opportunities, Threats. It’s an analysis tool frequently used for formulating strategy. Unfortunately, it is simplistic, random, and misguided.
To gain competitive advantage companies must move beyond their typical annual planning processes and develop the capability for on-going strategic conversations in the workplace. The age of tight control has past. Leaders must capture and put the full intellectual capacity of the organization to work in this age of ambiguity.
Throughout the centuries a pencil sketch has set the course for many successful paintings, and a thoughtfully drafted strategic plan has charted the course for many profitable businesses. The best type of planning requires both creativity and discipline, and leaves room for flexibility
While your leadership team works on creating a *new* strategic vision, be careful to avoid these 3 mistakes that most organizations unknowingly make…
A classic caution in driving is to avoid highway hypnosis where the driver’s eyes are so locked onto the road ahead that they don’t see what is developing around them. This is a ripe condition for accidents to happen. Well, we are doing the same thing when considering the changes we want to make in […]
The absence of a shared, well understood plan reduces real productivity and leads to sub-optimization of a company’s performance. The solution is to not only build a plan but to disseminate it, discuss it for shared understanding, and then to manage individual performance against the plan.
Big shifts are taking place. What does it all mean to you and your business? The strategic planning process offers a set of tools to help you logically think through complex business choices. Read about some concrete ways on how to move forward with confidence.
As you consider how you operate on a daily basis, think as well about how much of your time you are spending working in the business versus how much is spent on it? The critical concept is for you to free up some time to work on the business. This one factor will allow you […]
To link mountain-climbing preparations with a success in business, I recommend the work of Jim Horan, author of The One Page Business Plan. This masterful prescription for writing a business plan on a single page in fact incorporates all the elements Sir Hillary himself needed to achieve his vision of climbing Mt. Everest.