A fever for growth and volume was driving this company toward bankruptcy until they developed a great strategy that turned them around, resulting in consistent value creation. Under previous owners a manufacturing company with which I am fairly...
Read moreThe Purpose of Business Strategy
The purpose of business strategy is to define how the organization should allocate resources in order to meet its goals and objectives and move toward its vision. Business strategy describes where and how the organization competes. This strategy...
Read moreTactics and Action Plan
The tactics and action plan describe the activities of the organization to implement the business strategy and achieve the strategic objectives. The action plan is the final piece of a strategic management system that translates mission and...
Read more12 Practical Descriptors for Business Strategy
Business strategy is the linchpin between vision and action plans. With a good statement of strategy organizations are on the fast track to success. Without a good statement of strategy organizations can feel like they’re wandering in the...
Read moreGoals and Objectives
Goals and objectives provide direction, inspiration, and a standard for measurement of performance for an organization. Goals define direction or destination while objectives set specific targets or milestones for performance measurement. In a...
Read moreThe Funnel: From Mission to Action
There are certain fundamental elements of a management system required to move a business or organization forward and keep it on track. These elements are the thoughts or documents required to align what we do each day with where we want to go as...
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