Building consensus about how the business should be operated, now and into the future, is one of the most difficult problems confronting family businesses. In a non-family business, the answer is rather simple and obvious: Develop and implement a strategic plan. In a family business, the process for building consensus is dramatically more complicated and […]
Tag Archives | strategic plan
Strategy Development and Deployment with Hoshin Planning
People and their managers are working so hard to be sure things are done right, that they hardly have time to decide if they are doing the right things. – Stephen R. Covey Strategy is an expression of what an organization intents to do to get from a current state to a future state. Strategic plans […]
A Strategic Competitive Advantage also Requires a Competitive Strategic Sales Strategy
Although Strategic Planning requires alignment of a multitude of separate and critical organizational areas, a major part of any Strategic Plan is a sound, competitive strategic sales strategy with appropriate and effective goals and related action-step / follow-up requirements clearly enunciated. We have alluded several times in my articles to the ever increasing ability of buyers (and competitors) […]
Oversights to Avoid In Strategic Plan Implementation
We outlined in an earlier article post the importance of EVERY competing business having a Strategic Plan to establish its Purpose, Goals, Strategy, Action Plans, and Plan Implementation procedure. Here, we would like to point out critical areas where our best-laid plans may go awry if certain areas of the plan are ignored during the implementation […]
Strategic Assumptions – A Prerequisite to Great Strategies: 10 Tips
Editor’s Note: This article is excerpted from Executive Smarts, a collection of 25 concise chapters on management and leadership. For a limited time the e-version is free. The book’s co-authors, William Casey and Wendi Peck, teach and consult on the topics of organizational behavior management, organizational structure design, strategic communication, and strategic planning & execution. This material is […]
