Whole Brain Thinking Is One of the Critical Strategic Thinking Skills

The ability to analyze issues using both “left brained” and “right brained” thinking is critical to really great strategic thinking. In business, many of us have a tendency to lean on one or the other type of thinking.  Truly strategic thinking, however, involves a more holistic understanding of situations.  This is at least partly because […]

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This Is How You Can Make Good Strategic Planning Objectives

Every so often, I encounter questions about whether an objective is a good one.  Over the past 30 years, I’ve watched many hundreds of objectives set, and most of them completed.  I’ve seen some have great positive effects on companies and a few that turned into disasters.  As a result, here are a few things […]

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This is How to Develop an Innovative Strategy

An assumption I sometimes encounter is that strategic planning only yields predictable, middle of the road actions for a company.  Nothing could be farther from the truth.  Strategic planning sets an appropriate course for your business that maximizes growth-ability, profit-ability and survive-ability.  Sometimes that course stays in familiar territory, and sometimes the course can go […]

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This is How to Tell if You’re Ready for Strategic Planning

I ask this question, partly, because all too often I hear people say their companies aren’t ready for strategic planning. Let’s take a look at what you need to be truly ready for strategic planning. 1. An operating business This seems like an easy one, but quite often people talk with us about strategic planning […]

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This is What You Do When You Don’t Have Time for Strategic Planning

Help!  We don’t have time for strategic planning!  I’ve heard variations of this plea dozens of times in the past few years.  Clearly, some companies get into situations where the management team needs to focus on specific issues that come up – either by design or happenstance.  Maybe your company is one of them.  How […]

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Successful Strategic Planning – The Best Way to Get Started

CEOs often find their strategic plan is not strategic and not well thought out.  How can you prevent that from happening?  How do you uncover the real issues facing your company? For successful strategic planning, don’t start cold and be sure you have a robust process. First of all, the team should be the top […]

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This is How Communication Improves Your Strategic Planning

Most executives and their teams agree that they should  plan the future course and direction of their organization with strategic planning. This is to help them optimize the overall results, both top line and bottom line, for their organization. How many people think beyond the basics of strategic planning to consider the deeper implications? They […]

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How Many Market Segments Should You Have to be Successful?

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 less – market segments, however, […]

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Can You Do Good Strategic Planning in One Day?

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 strategy without spending time on the process of […]

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How to Improve Your Strategy Implementation and Implement-ability

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 biggest issues for any company trying to accomplish anything at a strategic level.  Execution seems to inevitably fall short of […]

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How to Succeed When Market Trends Change

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 traditional meat products and moving towards ready-to-eat foods.  They realized they had the basic ingredients, but […]

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