What are Strategic Activities? Strategic activities are actions, projects and other activities that are designed to achieve specific outcomes and objectives. Each objective and goal should have a plan (made…
What is the SMART Criteria? SMART is an acronym for Specific, Measurable, Achievable, Relevant and Time Bound. It is most often used to guide the setting of objectives and goals.…
The Unintended Consequences of Setting Performance Targets Setting targets and subsequently measuring performance against those targets is a common management practice in many organisations. When done properly it can be an effective way…
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…
How a Firm’s Remuneration System Can Impact Attaining its Strategic Goals In many professional services firms their partner remuneration is often based on their personal performance rather than the performance…
Successfully Implementing a Business Strategy While it may not seem like it at the time, creating your business strategy can actually be the easy part because at that point it…
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…
How do we Measure the Progress Towards Achieving our Business Goals? Establishing goals is only part of the work in a business plan. Once the goals have been explained to the…