FAQ Archives - 2112 Business Strategy and Planning Consultants

What is the Golden Circle and Why is it Important to Business Success?

The Golden Circle concept explains why some organisations are able to inspire greater loyalty and engagement among their customers and employees alike, achieving and sustaining inordinate amounts of success for…

What is the Strategy Creation Process?

FAQ, Strategy Creation Process, Strategy Development

Our participative approach to strategy development and business planning is made up of six steps: 1. Deciding who should be involved 2. Obtaining strategic information 3. Capturing strategic data 4.…

Why a Business’ Purpose Should Not be to Make Money?

FAQ, Purpose

This article will explain why the Purpose of any business should never be “to make money”. The Purpose of a business should state why it exists. A Business Purpose should define why a company…

What is a Business Purpose?

Purpose, Resources

It is becoming more and more important for businesses to have a clearly defined Purpose that is well communicated and implemented both internally and externally. Don’t make the mistake of…

What is the Difference between Purpose, Mission, Vision & Values?

Definitions, FAQ, Purpose

Your purpose, mission and vision play an extremely important role in shaping the culture of an organisation but there is often confusion about what they mean. The confusion about the…

How can The Balanced Scorecard Help Implement a Strategic Plan?

FAQ, Measuring Results, Resources, Tools & Techniques

Implementing a strategic plan in a business can be a complex process, involving many components, both inside and outwith the business. This includes the management a number of groups of people…

What is a Practice Group in Professional Services?

Definitions, FAQ

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?

Definitions, FAQ, Resources, Strategy Development

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?

Definitions, FAQ, Strategy for Partnerships & Professional Services

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?

Definitions, FAQ, Resources

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…

Tag: FAQ