Prescriptive Vs Emergent Strategies
Many executives and business owners believe that it is necessary to have a detailed strategic plan in order to move their organisation from where it is to where they want…
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…
Successfully Implementing your Business Strategy
The management of the following three components is critical to the successful development and implementation of your business strategy. While it may not seem like it at the time, creating…
Creating a More Effective Corporate Structure for Professional Partnerships
In our article entitled “Unique Challenges of Developing Strategic Plans for Professional Partnerships” we discussed the difficulties that they way that professional firms are structured causes when developing and implementing business…
The Unique Challenges of Developing Strategic Plans for Professional Partnerships
The way in which Partnerships in the Professional Services Sector are structured creates unique challenges when it comes to creating and implementing strategic plans. This article looks at some of…
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…
Who should be involved in the Strategy Making Process?
The strategic making process will normally involve key people in the organisation who have an interest in or input to the strategic future of the organisation. This will include senior…
How do we make the most of a SWOT Analysis?
In conventional SWOT analysis information is captured as a set of individual statements that can be used and referred to at a later date, The issue here is that no contextual information is not…
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…
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…