Blog
Business Ideas
Here, I will chronicle various thoughts and ideas related to business strategy, small business growth, entrepreneurship, and various considerations any person at any level of business may want to consider.
The Yearly Strategic Planning Life Cycle
Strategic planning is a systematic, formally documented process for deciding what an organization wants to achieve in the future and how it will get there. Essentially, it involves defining the organization’s strategy or direction and making decisions on allocating its resources to pursue this strategy, including its capital and people.
Benefits of Short-Term Strategic Planning
n today’s fast-paced business world, planning strategically over short periods can be just as critical as long-term planning. Short-term strategic planning focuses on setting and achieving immediate goals, typically within 12 months, allowing businesses to adapt quickly to market changes, technological advancements, and competitive pressures. This blog post aims to shed light on the essence of short-term strategic planning, its importance in the corporate world, and how it can be effectively implemented to achieve quick, impactful results.
Benefits of Long Term Strategic Planning
In the ever-changing business landscape, the ability to plan for the future isn’t just a way to achieve a competitive advantage but a necessity in growing a sustainable business. At its core, long-term strategic planning is about creating a ‘vision’ for the future and charting a course to get there.
The Role of Leadership in Shaping Strategy
In a complex business world, leadership plays a critical role in shaping and guiding an organization’s strategy. Effective leaders set a clear direction, inspire daily commitment to strategic goals, and adapt to changing circumstances. Accountability and regular strategy sessions are crucial for success. Strategic leadership is indispensable for organizational success in today’s evolving business landscape.
True Relationship Owners in Client Service Firms: Part 2
When a client services company is trying to position itself as relationship-based to clients or train employees to become relationship owners, it may encounter several issues. To clarify, being a relationship-based firm means that your employees, first and foremost,...
True Relationship Owners in Client Service Firms
When I think of a 'relationship owner' as it relates to client services firms, I consider how the many client services firms I've worked with describe this person. The relationship owner is typically described as the person who initiated contact with the client or is...