Is your New Product Development Process Complete?
By M. Dana Baldwin, Senior Consultant Strategic Planning Expert How is your total new product development process performing for your company? There are a number of elements to consider before answering this question. Elements of the analysis should likely include: Market Intelligence sufficiently equipped to provide well-documented and well-thought-out analyses of potential new products and […]Continue reading
Lessons Learned from Boeing’s Stumble:Risk assessment is Key to a Successful Strategy
By Denise Harrison Boeing’s 787 Dreamliner has not hit its development milestones, causing Boeing to take a $2.5 billion charge against earnings. What happened? Key to Boeing’s past success has been its ability to achieve its “big hairy audacious goals or BHAGs” (from Built to Last by Jim Collins and Jerry Porras). In the 1950s […]Continue reading
Strategic Planning: When Good Goals Go Bad
By Denise Harrison “As the housing market collapsed in late 2007, Moody’s Investor Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall Street plunge the country into its worst financial crisis since the Great Depression.” Banks failing, real estate loans made […]Continue reading
What is the Difference Between a Business Plan and a Strategic Plan?
By M. Dana Baldwin, Senior Consultant We often get questions asking what the difference is between a Business Plan and a Strategic Plan. The first difference is there is a significant difference in intent. A Strategic Plan is focused on improving a company’s performance, exploiting opportunities and building market share. A Business Plan is most […]Continue reading
Acquisitions: Developing a Successful Integration Process
By Denise Harrison, Vice President At the conclusion of the due diligence process you should have at your finger tips a great deal of knowledge concerning the acquisition target. At this point you will be making a go/no go decision. If the decision is a “go,” you have the information that you need to start […]Continue reading