What is the SMART Criteria?
What is the SMART Criteria? Home > Resources > Definitions SMART is an acronym for Specific, Measurable, Assignable, Realistic and Time Related and is most often used to guide the…
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What is a Strategic Objective?
What is a Strategic Objective? Home > Resources > Definitions Strategic Objectives describes what the organisation want to achieve in the short to medium term and serve as stepping stones…
Read More What is the Difference between Vision and Goals?
There is often confusion about what constitutes a goal and what makes the vision in an organisation. For the purpose of this article, we will assume that they are both…
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 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 How The Balanced Scorecard Helps Implement the Strategic Plan
Implementing a strategic plan can be a complex process, involving many components, both inside and outwith the organisation. This includes the management a number of groups of people (including managers,…
Read More What is the Balanced Scorecard?
Measuring performance is critical to the efficient management of any business providing, of course, that the correct performance metrics are being measured. Information relating to the performance of the organisation…
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…
Read More Why should Strategy Workshops be used?
Strategy Workshops are used when multiple perspectives of the strategic future for the business need to be uncovered in a relatively short timeframe but without the level of detail that are uncovered with strategic interviews.…
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