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…
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…
What is the Difference between Purpose, Values, Mission & Vision
Your purpose, values, mission and vision play an extremely important role in strategy development and in shaping the culture of your organisation. There is, however, often confusion about what these…
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…
What is Mission Statement and How Do You Create it?
A Mission Statement is an integral component of your business’s overall strategic plan. A mission statement set out the aims, philosophy and values of an organisation, describing what business the…
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…
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…
What are Strategy Workshops?
Strategic Workshops are meetings that are designed to encourage a group of key people in your organisation to contribute their ideas, issues, opinions, etc. regarding the strategic direction of the…
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…
What is a SWOT Analysis?
A SWOT analysis is a commonly used tool that helps organisations to understand their current situation, both internally and externally. This is a very important part of the strategy development…