What is Mission Statement?
A Mission Statement is an integral component of your business’s overall strategic plan. A mission statement describes what business the organisation is in (and what it isn’t) both now and…
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What is a Business Plan?
A Business Plan is the roadmap that will guide your organisation achieving its goals and vision. Business Planning is the process of translating an organisations Strategic Plan into a plan that…
Read More What is a PEST Analysis?
A PEST analysis is a commonly used tool that helps organisations to understand things that are happening in the external environment. This is a very important part of the strategy…
Read More What is a Strategy Map?
Strategy mapping can vastly improve any strategy communication effort. A strategy map is a graphic that shows a logical, cause-and-effect connection between all of the elements of the strategy model. …
Read More What is Transformational Change?
Transformational change is a process designed to create significant change in the culture and work processes of an organisation that produce significant improvement in performance. It often occurs in response…
Read More What is the Format of a Purpose Statement?
We have discussed the importance of having a clear Purpose but what does a good Purpose Statement look like? While there are no hard and fast rules about what a…
Read More What are Strategic Interviews?
Strategic Interviews are one-to-one discussions that are held with the people who are involved with the strategy development process and/or have knowledge that is important to the process. The interview…
Read More What is the Difference between Mission, Vision, Purpose & Values, ?
Your mission, vision, purpose and values play an extremely important role in strategy development and in shaping the culture of your organisation. There is, however, often confusion about what these terms…
Read More What is a Practice Group in Professional Services?
A practice group is a group or team within a firm that specialises in a particular area of service activity and will normally have at least one partner who is an…
Read More What is a Professional Services Firm?
Professional services firms are knowledge intensive organisations that provide expert service to clients. Examples of professional services firms include Accountants, Architects, Management Consultants, Lawyers, etc. There are some peculiar characteristics of professional service…
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