What is Business Planning?
Business Planning is the process of translating an organisations Strategic Plan (see diagram) into a plan that is designed attain the objectives and goals that have been set in the…
What are Strategic Activities?
Strategic activities are actions, projects and other activities that are designed to generate outcomes that ultimately lead to attaining objectives, goals and eventually to achieving the organisation’s vision. As can be seen…
Refine the Emerging Strategy
Once the strategic information has been analysed and the strategy model has been created it is time to review and refine it. This review is especially important after the first…
What is Causal Mapping?
Cause (or concept) mapping is a proven technique for acquiring and managing the detailed, sometimes delicate, information that often surrounds complex situations. With this method, emphasis is placed on issue…
What is a Strategic Objective?
Strategic Objectives are smaller, short term (less than 3 years) targets that serve as stepping stones for attaining Corporate Goals. They can often be broken down into smaller units, each…
Why is Setting Goals & Objectives Important?
There are many advantages to establishing organisational goals and objectives, including: 1. Provide direction – Goals & objectives help to define performance standards which, in turn, helps to ensure that people pull…
What is a Strategic Goal?
Strategic Goals describe what the organisation wants to accomplish in the longer term (3-5 years). They should be aligned with the organisation’s Strategic Vision and should act as a focal point for all of…
What is a Strategic Vision?
An organisation’s strategic vision is the aspirations that the owners / senior decision makers have for their organisation and should paint a picture of the future that clarifies the direction of the company and helps…