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How To Do Better 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 more of an excuse to get away […]
Continue readingThe Value of Know-How
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 up. Know-how that is strategically useful is rarely something you can […]
Continue readingHere are the Reasons to Write Your Mission Statement Later
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 statement later. This will round out your understanding of this part of […]
Continue readingThis is Why You Should Never Start With a Mission Statement
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 change, depending on what your mission is You cannot do (some specific step) if you […]
Continue readingThis is Why Stable Strategic Planning Powers Your Success
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 valuable. First, implementation is the main reason consistent, routine strategic […]
Continue readingSuccessful Objectives – The What and the Why
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 company. What will you do in each of your market segments – your core […]
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