Tags |
|
|
Links |
|
|
Actual for You - What is Strategic Planning?
There tends to be a certain complacency that rests within some employees and never more so than when you ask how they are doing. Many will simply say they are fine when fine is the furthest thing from reality. A talented manager will watch as much as listen and look for the body language that is portrayed as the words are spoken. The eyes will often tell another whole story and with the right approach should be investigated. What is within someone’s heart or soul is often exposed through his or her eyes. Broader questioning and an empathetic ear w
3) Too much debate among the planners about the forecasts and not of the ASSUMPTIONS made in the strategic plan forecasts themselves
4) Lastly, and most importantly, failure to execute the defined tactics necessary to drive the planned strategies.
It is difficult to effectively plan for the future of an organization and to motivate leaders to do the same when the strategic planning function has long been fraught with a valid representative history of failure. However, if business planners strive to understand WH
This literally can be the most profitable thing you'll ever do for your business and that is to understand exploiting the actual value of your customer. It's been called the Marginal Net Worth and the Lifetime Value.What is the current worth of one of your customers or prospects? It's the total profit of an average customer over the lifetime that they do business with you. That includes all subsequent sales minus advertising/marketing and your fulfillment expenses.Let's say the average customer brings you $75 per sale. They re-purcha
Sometimes it is not enough to focus on day to day operations, leaders must have the discipline to take the time and effort to clearly define where the organization is now and best determine where the organization must be within a specific timeline.
Today’s business environment is very dynamic. Changes in the marketplace are faster and more diverse than ever. Intensifying competition and rapid technology advances make for constant worry of your organization’s eventual obsolescence. Ultimately your customers are never satisfied and will go elsewhere if you do not give them what they want!
What is Strategic Planning?
Strategic planning focuses on obtaining accurate and unique information relevant to your business objectives, presenting same in an articulate written or oral form, to ultimately position the company or organization to most effectively leverage existing resources for the purpose of gaining market share within reasonable profit metrics and within a specific timeline.
Strategic planning requires creativity, innovation and non- inear thinking. It is focused on defining causality within a leadership perspective. It is much more than a descriptive “what happened” reporting function; it is more about what “will or should happen” to or within an organization to reach their defined successes.
Strategic planning is about the future, not the past. It is about long term thinking, not near term. It requires making assumptions about your organization’s future.
Does Strategic Planning Work?
Strategic planning more often than not does not work. All the time and money that has been spent by so many companies on strategic planning has been ineffective for four fundamental reasons:
1) No clearly defined business objectives to begin with
2) The belief among organization leaders that the strategic planning process is finite, a once a year task, a necessary management evil … versus a dynamic, ever- hanging need to look into the organization’s future. A desire to “Plan the work and work the plan!”
3) Too much debate among the planners about the forecasts and not of the ASSUMPTIONS made in the strategic plan forecasts themselves
4) Lastly, and most importantly, failure to execute the defined tactics necessary to drive the planned strategies.
It is difficult to effectively plan for the future of an organization and to motivate leaders to do the same when the strategic planning function has long been fraught with a valid representative history of failure. However, if business planners strive to understand WHY
You probably don’t think much about the hard hat, but if you didn’t know it, it can be a life saving device. While many areas of construction use these hats, it should be something that more people use. Think about all the times that you are in risk of falling off a ladder or having something fall on you. There are many reasons to wear a hard hat, but did you realize the various types that are out there?You would be quite surprised to realize just how many are out there. From designer versions to those made for people of all sizes, hard
What is Strategic Planning?
Strategic planning focuses on obtaining accurate and unique information relevant to your business objectives, presenting same in an articulate written or oral form, to ultimately position the company or organization to most effectively leverage existing resources for the purpose of gaining market share within reasonable profit metrics and within a specific timeline.
Strategic planning requires creativity, innovation and non- inear thinking. It is focused on defining causality within a leadership perspective. It is much more than a descriptive “what happened” reporting function; it is more about what “will or should happen” to or within an organization to reach their defined successes.
Strategic planning is about the future, not the past. It is about long term thinking, not near term. It requires making assumptions about your organization’s future.
Does Strategic Planning Work?
Strategic planning more often than not does not work. All the time and money that has been spent by so many companies on strategic planning has been ineffective for four fundamental reasons:
1) No clearly defined business objectives to begin with
2) The belief among organization leaders that the strategic planning process is finite, a once a year task, a necessary management evil … versus a dynamic, ever- hanging need to look into the organization’s future. A desire to “Plan the work and work the plan!”
3) Too much debate among the planners about the forecasts and not of the ASSUMPTIONS made in the strategic plan forecasts themselves
4) Lastly, and most importantly, failure to execute the defined tactics necessary to drive the planned strategies.
It is difficult to effectively plan for the future of an organization and to motivate leaders to do the same when the strategic planning function has long been fraught with a valid representative history of failure. However, if business planners strive to understand WH
Reap the benefits of establishing your own independent merchant accountMost Internet marketers know all too well the trouble that can be caused by misunderstanding the business terms of their merchant account provider. Everything from exorbitant fees to frozen finances await the online marketer who fails to provide for potential problems. There are ways to avoid merchant account disasters, but by and large online marketers are learning that establishing their own independent merchant accounts can bring a wealth of benefits.“Most co
Strategic planning requires creativity, innovation and non- inear thinking. It is focused on defining causality within a leadership perspective. It is much more than a descriptive “what happened” reporting function; it is more about what “will or should happen” to or within an organization to reach their defined successes.
Strategic planning is about the future, not the past. It is about long term thinking, not near term. It requires making assumptions about your organization’s future.
Does Strategic Planning Work?
Strategic planning more often than not does not work. All the time and money that has been spent by so many companies on strategic planning has been ineffective for four fundamental reasons:
1) No clearly defined business objectives to begin with
2) The belief among organization leaders that the strategic planning process is finite, a once a year task, a necessary management evil … versus a dynamic, ever- hanging need to look into the organization’s future. A desire to “Plan the work and work the plan!”
3) Too much debate among the planners about the forecasts and not of the ASSUMPTIONS made in the strategic plan forecasts themselves
4) Lastly, and most importantly, failure to execute the defined tactics necessary to drive the planned strategies.
It is difficult to effectively plan for the future of an organization and to motivate leaders to do the same when the strategic planning function has long been fraught with a valid representative history of failure. However, if business planners strive to understand WH
It is hard to imagine anyone in today's age of computers not being able to scan a document, let alone know what to do with it once it is scanned. Yet, there are countless services offering to do just that--scan, upload and make your file as you want. Whether you want it simply stored on your computer, changed into a PDF, converted into c.d. form or simply sent out as an email, these services will do it. The question is: are they actually needed? Do you have to have someone else scan and create your documents?The answer is both yes a
Does Strategic Planning Work?
Strategic planning more often than not does not work. All the time and money that has been spent by so many companies on strategic planning has been ineffective for four fundamental reasons:
1) No clearly defined business objectives to begin with
2) The belief among organization leaders that the strategic planning process is finite, a once a year task, a necessary management evil … versus a dynamic, ever- hanging need to look into the organization’s future. A desire to “Plan the work and work the plan!”
3) Too much debate among the planners about the forecasts and not of the ASSUMPTIONS made in the strategic plan forecasts themselves
4) Lastly, and most importantly, failure to execute the defined tactics necessary to drive the planned strategies.
It is difficult to effectively plan for the future of an organization and to motivate leaders to do the same when the strategic planning function has long been fraught with a valid representative history of failure. However, if business planners strive to understand WH
When one thinks of the benefits of sales force automation, nothing is more convincing that a case study of a client's success. The case study presented in this article is about a restaurant that was growing rapidly.The restaurant was the biggest in the region but because of its unique cuisine, which included hundreds of dishes, it was famous beyond the boundaries of the neighborhood. Like many other restaurants, this one offered home deliveries and subscriptions with discounts. The business was growing and so were the problems.The bi
3) Too much debate among the planners about the forecasts and not of the ASSUMPTIONS made in the strategic plan forecasts themselves
4) Lastly, and most importantly, failure to execute the defined tactics necessary to drive the planned strategies.
It is difficult to effectively plan for the future of an organization and to motivate leaders to do the same when the strategic planning function has long been fraught with a valid representative history of failure. However, if business planners strive to understand WHY and HOW strategy planning most often fails, they will significantly improve their odds of achieving future planning success. It has also been proven that the rewards of effective planning success are worth the effort!
Define a Strategic Planning “Champion”
There are so many demands today on business leaders. If there is no planning discipline within the organization, there will only be reactive responses to future business challenges not proactive tactics to form the organization’s purpose and related successes. There must be a “champion” within the organization who makes strategic planning an ongoing priority within the organization. This requires an ongoing commitment from senior management and a constant priority given to strategic planning processes. A shared commitment to strategic planning is theoretically important but practically best maintained with anointment of one person to constantly drive the priority among the organization’s leadership.
A strategic plan should be considered a “live” document, constantly being updated and upgraded, addressing valid changes within the assumptions made in its development. Business or organization strategies and their associated tactics are integrative, should cut across; a broad number of issues, organizational functions and entities. An effective strategic plan will pragmatically force change within the organization to ultimately drive improvement OF the organization and its products or services offered.
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.actual4u.com/article/45168/actual4u-What-is-Strategic-Planning.html">What is Strategic Planning?</a>
BB link (for phorums):
[url=http://www.actual4u.com/article/45168/actual4u-What-is-Strategic-Planning.html]What is Strategic Planning?[/url]
Related Articles:
How to Reach Your Next Job Faster with Fewer Potholes, Roadblocks
Somebody - Somewhere - Save Our Business!
Customer Lifetime Value - The Key To Maximizing Your Profits!
Bookmark it:
|