by Robert Bradford | May 8, 2019 | Strategic Planning
One of the benefits of doing a huge number of strategic plans is that we get to see lots of variations. I started my work in strategic planning with a suspicion that I knew the right number of market segments to analyze. Actually developing a plan with more – or...
by Robert Bradford | May 3, 2019 | Strategic Planning
An unfortunately frequent request I get is to do the entire strategic planning process in one day. While this looks like an efficient way to do things, there are three pitfalls I’d rather see you avoid. Expecting to have all the information you need to create good...
by Robert Bradford | Apr 26, 2019 | Strategy Implementation
What is your biggest strategic planning problem? I always ask seminar attendees “What is your biggest strategic planning problem right now?” I inevitably hear the response “Strategy Implementation”. Without question, this is one of the...
by Denise Harrison | Apr 19, 2019 | Competitive Strategy
How do food companies position themselves for growth as demographic growth slows? Tyson Foods, for example, faced this dilemma. Clearly, consumer preferences changed with a desire for prepared foods. Ultimately, Tyson knew that consumers were turning away from their...
by Robert Bradford | Apr 15, 2019 | Strategic Planning, Strategic Thinking
One of the big issues we run into in strategic planning is the overwhelming pressure to maximize profits. I’m not saying profit is a bad thing. Profit is, after all, what attracts investors and often, good management. In our society, it’s accepted that the primary...
by Dana Baldwin | Apr 4, 2019 | Strategic Planning
Many companies could do better strategic planning. Often, the process consists of a group of staff people going off to a resort or someone’s cabin in the woods for a weekend to hash out what they conceive is a strategic plan. All too often, though, this exercise is...
by Robert Bradford | Mar 29, 2019 | Strategic Planning
One of the key concepts in successful strategic planning is your organization’s strategic competency. Simply put, a competency is a set of skills, processes and knowledge which are used to create value for your customers. We often use the term “know-how” to sum this...
by Robert Bradford | Mar 26, 2019 | Strategic Planning
Previously, I discussed the dubious reasons why some want to write the mission statement earlier in the strategic planning process. To read my previous article, click here. Today, I’d like to discuss the positive reasons why it makes sense to write the mission...
by Robert Bradford | Mar 13, 2019 | Strategic Planning
Some people are confused by the intentional delay of considering the mission statement to the second meeting. The arguments against doing the mission statement later fall into three categories: It’s the most important thing in strategic planning Everything else will...
by Denise Harrison | Mar 6, 2019 | Competitive Strategy
GE Learns Its Lesson the Hard Way Jack Welch transformed GE’s portfolio of businesses by concentrating on businesses that were number one or two in their markets. Businesses that were positioned to get to number one or two also qualified. He did this because...
by Robert Bradford | Mar 1, 2019 | Strategic Planning
I have some clients that do their strategic planning irregularly. They will plan annually for a couple of years, and then take a break for a year or two. While sometimes skipping a cycle makes sense, doing strategic planning routinely every year is tremendously...
by Dana Baldwin | Feb 22, 2019 | Strategic Planning, Strategy Implementation
Objectives are one of the key outputs of the strategic planning process. Your team’s strategic planning discussions accomplish three broad results. First and foremost are your strategies: Strategies are your sense of vision as to the course and direction of the...
