... momentum for a strong, healthy year. Amongst all the nose-to-the-grindstone stick-to-itiveness, however, you and your leadership team shouldn’t lose sight of strategicplanning. Your competitors probably ...
... one kind of meeting that business owners and their leadership teams should never scrimp on: strategicplanning. That doesn’t mean you need to have one every week, or even every month. But regularly ...
Business owners and their leadership teams are rightly urged to engage in regular strategicplanning to move their companies, thoughtfully and consciously, in a positive direction. However, no matter ...
When creating or updating your strategic plan, you might be tempted to focus on innovative products or services, new geographic locations, or technological upgrades. But, what about your customers? Particularly ...
Many businesses struggle to turn abstract strategic-planning ideas into concrete, actionable plans. One reason why is simple: ineffective meetings. The ideas are there, lurking in the minds of management ...
... to find time for strategicplanning. Lost in the weeds Business owners put off strategic planning for many reasons. New initiatives, for example, usually don’t begin to show tangible results for some ...
... time to look back on the preceding 12 calendar months and ask a deceptively simple question: How’d we do? Large companies tend to have thoroughly documented strategic plans in place, some stretching ...
In the broadest sense, strategicplanning comprises two primary tasks: establishing goals and achieving them. Many business owners would probably say the first part, coming up with objectives, is relatively ...
Strategicplanning is key to ensuring every company’s long-term viability, and goal setting is an indispensable step toward fulfilling those plans. Unfortunately, businesses often don’t accomplish their ...
... sometimes choose to pivot, too. Under a formal pivot strategy, a company consciously changes its strategic focus in a series of carefully considered and executed moves. Obviously, this is an endeavor ...
... can serve many purposes other than preparing your business for sale so you can head to the beach. Think of it as a checkup that can help you better plan for the future. Strategicplanning Today’s economy ...
... or updating a buy-sell agreement or doing estate planning. You can even use a business valuation to help kickstart or support strategic planning. A good way to prepare for the appraisal process, or ...
Many business owners spend most of their time developing strategic plans, overseeing day-to-day operations and, of course, putting out fires. Yet an underlying source of both opportunity and trouble can ...
Businesses of all stripes are about to embark upon a new calendar year. Whether you’ve done a lot of strategicplanning or just a little, a good way to double-check your objectives and expectations is ...
... — formally defined as the gathering and analysis of publicly available information about one or more competitors for strategicplanning purposes — has been around for decades. One could say that a business ...
... cash flow projections. Strengths and opportunities can lower risk via higher pricing multiples or reduced cost of capital. Threats and weaknesses have the opposite effect. Strategicplanning. Businesses ...
... business improvement and strategicplanning initiatives into the budgeting process. Doing so can lead to confusion and unexpectedly high demands of time and energy. You’re looking to set a budget — not ...
... of buyers. Nonetheless, know your risk and explore strategicplanning concepts that might enable you to lower it. And if diversifying your customer base just isn’t an option, be sure to maintain the ...
... If your business is doing fine, there’s no need to create a minutely detailed turnaround plan. But, as part of your strategicplanning efforts, it’s still a good idea to outline a general turnaround ...