Strategic Planning
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Strategic planning is the process of identifying where you want to go, your values, factors that will affect your success, and how to get where you are going, within a long time frame. Learn how to do it properly here.
By Fred Nichols
In business, as in the military, strategy bridges the gap between policy and tactics. Together, strategy and tactics bridge the gap between ends and means. This paper reviews various definitions of strategy for the purpose of clarifying the concept and placing it in context. The author's aim is to make the concepts of policy, strategy, tactics, ends, and means more useful to those who concern themselves with these matters..
(Added: 17-Mar-2003 Hits: 933)
By Robert Bacal
Pick up any management book and you'll see coverage of the importance of developing a strategic plan, and instructions on how to go about the process. You'll also find literature that suggests that strategic planning is doomed to fail, because long term planning is "impossible" in a rapidly changing business world built on shifting sands. The truth lies somewhere in between, whether for a small business, micro business (one or a very few people), or large corporations.
(Added: 4-Oct-2005 Hits: 1161)
By Evan Dudik
The business of consulting to business is booming. Andersen Consulting is pulling in $9 billion a year; KPMG and PricewaterhouseCoopers are each a measly billion or two behind. McKinsey is closing in on $3 billion. While a good portion of those fees is for information technology consulting, a lot of it is for good old strategic planning advice... AKA snake oil
(Added: 31-Jul-2001 Hits: 383)
By Kevin Lawrence
Many business people are afraid that if they focus in on one specific niche market that they will lose business overall. It seems difficult for most people to understand how much business you will attract once you become known as an "expert?" Niche marketing is effective because people tend to feel more comfortable dealing with someone who has a great deal of experience in their specific area of need.
(Added: 10-Feb-2006 Hits: 689)
By na
Strategy is the company's formula for winning. The company's strategy specifies the goals and objectives to be achieved as well as the values and missions to be pursued; it sets out the basic direction of the company. The strategy specifically delineates the products or services to be provided, the markets to be served, and the value to be offered to the customer. It also specifies the sources of competitive advantage and strives to provide superior value. (Jay R. Galbraith)
An ideal strategy tells the story of how a company will offer substantial and unique value to customers in a way that is difficult for competitors to imitate. (Joel Shapiro)
(Added: 2-Aug-2005 Hits: 700)
By Ronald Gunn
The contemporary focus on operational improvements a la TQM and Reengineering can result in "doing the wrong things right." This means that the organization invests its talents, time and money into pursuing perfection for a product/service that has already seen its heyday
(Added: 23-Oct-2000 Hits: 375)
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