All Entries in the "Strategic Planning" Category
Time for a Strategic Planning Makeover
Are you still doing traditional strategic planning? If so, the time has come to put that sacred cow out to pasture and focus on strategic thinking. Otherwise, your business may not have the agility to keep up with today’s volatile markets. Back when the world moved a lot slower and markets didn’t change overnight, the [...]
Choosing a Facilitator to Make Your Strategic Planning Work
Whether you work for a small start-up, a large corporation, or a non-profit, you know the critical role that strategic planning plays in the success of any organization. The goals and initiatives that result from these sessions or retreats should be well thought out, agreed upon, and achievable in order for the organization to continue [...]
Strategic Planning For Country Club Managers
Strategic planning is a vague term in any set of business circumstances. When considered in Country Club management, it takes on yet another set of meanings. What does strategic planning mean for country club managers? It can mean a whole host of things. Strategic planning, for capital improvements, could be reflected in the day to [...]
Conventional Strategic Planning Tools For Business Executives, Entrepreneurs and Consultants
Strategic planning tools are important components of any competent manager’s toolkit. However, they cannot replace your individual or organizational ability to execute effectively. Treat the following tools as what they are – aids to competent management. 1. Situational Analysis A situational analysis allows you to get a comprehensive view of the basic problems facing your [...]
The Relationship Between Risk Assessment and Strategic Planning
All the people working in companies have their own responsibilities and it is the job of the board of directors to ensure that the duties of each worker are being fulfilled. However, even though everyone is doing their job perfectly, there will always come a time when risks enter the organization. Sometimes, the risks are [...]
The Value of Strategic Planning in Startup Businesses
I was browsing through a local bookstore the other day and picked up a book on business and success written by a young internet millionaire. The author was a programmer in his mid-twenties that, to his credit, had found a niche algorithm that, in rather short order, caught the eye and interest of Google. With [...]
Are Non-Profits Prepared For Strategic Planning
I wish I could count the number of times I have attended a non-profit strategic planning session, or discussed the need to have (or update) one in a board meeting, or been invited to serve as the facilitator. It has always – always – struck me that the strategic planning session should just be starting [...]
Significance of Strategic Plan to Companies
Starting up a new company or a business is a difficult task to hurdle due to several processes, requirements and documents you need to comply. Aside from employees, capital, equipment, office supplies and headquarters, you need to create your own strategic plan to become competitive and to survive the stiff and cruel world we have. [...]
Goal Setting and Strategic Planning
Goal setting is one of those techniques that people almost unanimously agree as being of vital importance to most aspects of life – whether on the personal or corporate level. You will have heard the saying “If you don’t know where you are going – how will you know when you get there?” This applies [...]
Implementing Strategic Planning Getting The Thing To Work
Strategic Planning has developed a bad name. Many organizations do strategic planning, but few are satisfied with the results. It seems that somewhere between the conceptualization and the execution, a serious melt down occurs. Strategic Planning is an activity undertaken by an organization to identify priorities, and to develop and implement action plans to achieve [...]
The True Value of Strategic Planning
Strategic planning using a goals based process focuses the organization on its mission and vision, it offers a mechanism to establish goals, and strategies combined with realistic action plans while adhering to the company’s values in all decision making. A focused approach and communication of goals does help organizations move forward, however, one of the [...]
Do You Have A Strategic Plan For 2012
Do you have a strategic plan in place for your business? If not, it’s time to do that! There are a few things to put in place. 1.) Your schedule – when are you working, what are you doing? Make sure your schedule fits with your goals. Work on projects that are income producing, bring [...]
Ways to Strategically Plan Your Strategic Planning Meeting
Many organizations desperately need a strategic planning session. They may want better vision, team cohesion, or new products. Most companies hold meetings, hoping that some strategic planning will magically emerge. This is unrealistic. Strategic planning is envisioning the future of the company or organization, translating that vision into measurable and achievable goals, and then implementing [...]
Strategic Planning – Why SWOT Analysis Is Important
If you are planning to get yourself involved in the business world, you should know what is SWOT analysis and its importance. SWOT analysis has been around for so many years now. To be specific, people started using this tool around 1960s. It was developed by Albert Humphrey of Stanford University which was actually based [...]
Strategic Planning to Restructure Your Business
Business restructuring usually accompanies negative connotations of inefficiencies or a need to cut the workforce to improve the bottom line. However it is important to balance this with the premise that a business restructure is a process to renew the business and position it in a manner to exploit a market opportunity. History indicates that [...]