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Technology Assessment – An Important Part of Strategic Planning
In developing our strategic plan, we spend significant time analyzing our market segments and our competition. There are other important factors which can affect our strategies, even our ability to continue in business as usual. Most organizations will have most or all of these factors. However, there will be some which are not present or […]
Continue readingStrategic Management – Step Two: Implementation
Plan the Dive, Dive the Plan The mantra of scuba divers describes one of the most important guidelines for conducting a safe and successful diving trip. In spite of the enjoyment that comes from observing the exotic reef life of some Caribbean island, every dive is potentially a life and death situation. Therefore, it is […]
Continue readingStrategic Management: 3 Steps to the Cycle of Success-Step One
Strategic management: a sports analogy Imagine you are the head coach of a professional football team. You have just sent your captains onto the field to observe the coin toss for the Superbowl. Furthermore, imagine that you and the team had been enjoying talking to reporters, relaxing around the pool and late nights. After […]
Continue readingStrategic Management: 3 Steps to the Cycle of Success
Successful strategic management involves three steps: Planning, Execution and Monitoring Developments & Progress. With strategic management, actions speak louder than words. Even effective strategic planning that yields the appropriate decisions can come up short on delivering performance improvements. Strategic Management is a more powerful means of optimizing the long-term performance of an organization. The last […]
Continue readingSilo Mentality Causes Conflict in an Organization – Can Strategic Planning Help?
Silo mentality causes conflict in an organization. Recently, a CEO approached me to discuss strategic planning. He knew, that to be a success, he was going to have to get rid of the silo mentality and get the team moving in the same direction. What is organizational silo mentality? When people refer to a silo […]
Continue readingFlight of the Buffalo: Soaring to Excellence, Learning to Let Employees Lead
In a “should read” for leaders of most small to mid-sized businesses, Belasco and Stayer challenge today’s leaders to change their management styles from “managing” to team-based management. This book introduces the process of Leading the Journey: changing one’s behavior from being lead buffalo to being lead goose. The analogy to buffalo is apt: If […]
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