Strategic Planning and Technology

In this post, we will discuss how changes in technology can have long-term and short-term influences on strategic planning. Technology is an essential part of strategic thinking, but it’s not the only thing that affects strategy. There are many other factors to consider when making decisions about your company’s future. To make good decisions about your… Continue reading Strategic Planning and Technology

Quality vs. Grade

The terms “quality” and “grade” are often used interchangeably. In this post, let’s understand the difference between these two terms.Difference between Quality and Grade:Quality is an attribute that describes how well something works. It is often measured by its performance against specifications. In contrast, the grade is a measure of the relative value of different… Continue reading Quality vs. Grade

Porter’s 5 Competitive Forces

Market forces are a significant force in shaping strategies. Examples of market forces include:Existing competitionThe entry of new competitorsRivalry among competitorsThe threat of substitutesBargaining power of buyers and suppliersCurrent economic conditionsGlobal market changesHow well the organization is positioned for growth andChanging customer expectationsPorter’s Five Forces Model is a framework for understanding strategic business decisions by… Continue reading Porter’s 5 Competitive Forces

PEST and PESTEL Analysis

The strategic environmental analysis helps understand how the organization can be affected by internal and external factors, which are then used to develop strategies to mitigate or eliminate their impact on the company’s operations.PEST AnalysisThe PEST framework is used to analyze external forces affecting the organization. Four external forces include in the PEST analysis are: 1. Political… Continue reading PEST and PESTEL Analysis

Business Environment Analysis

The strategic environmental analysis enables companies to understand their business environment better. It is an ongoing process for identifying all the external and internal factors that may influence organizational performance. It helps organizations to align their strategies with the changing environment. The environmental analysis includes: 1. Internal analysis The internal analysis identifies the resources needed to perform an… Continue reading Business Environment Analysis

Why does Strategic Planning Fail?

To effectively plan for the future, businesses need to identify their core competencies and develop strategies that leverage these strengths to achieve growth. In this post, I will discuss the seven main reasons why strategic planning fails and how to overcome these issues. 1. Lack of commitment/plan just for the sake of having oneThe most common reason… Continue reading Why does Strategic Planning Fail?

Strategic, Tactical and Operational Planning

The Strategic Plan is a document that describes the goals of an organization. It also provides guidance for planning activities to achieve those goals. The plan can be used by management as well as employees. Tactical plans are usually short-term in nature. They provide direction on how to accomplish specific objectives within a specified time frame.… Continue reading Strategic, Tactical and Operational Planning

Strategic Planning – VMOSA

Strategic PlanThe Strategic Plan is a document that provides the vision and direction for our organization. It articulates the values, goals, objectives, strategies, and policies of the organization. The Strategic Plan is intended to be used as a guide for all members of the organization. The strategic planning process includes:Identifying the needs of the community in… Continue reading Strategic Planning – VMOSA

Mintzberg’s 5 Ps of Strategy

These five Ps describe what makes up a successful strategy. These elements are interrelated and interdependent. They interact with each other to create the context within which strategies are implemented.1. Strategy as a Plan: The first element is a plan. It defines the direction in which the organization must go over time. A strategy should be… Continue reading Mintzberg’s 5 Ps of Strategy

Team Performance and Evaluation

What is a Team?Team: A group of people working together toward a common goal. Each member contributes unique skills, knowledge, talents, abilities and experiences that help the team achieve its objective. The members share responsibility for the achievement of the overall team purpose.Team Performance MatricsThe following matrices can be used as a guide to determine if… Continue reading Team Performance and Evaluation

Theory of Constraints (TOC)

Theory of Constraints (TOC) views every business as having limits imposed upon them by things like time, resources, market conditions, etc., which constrain their ability to achieve more than they already have achieved. TOC uses a focused process to identify the limitation and reorganize. A chain is no stronger than the weakest link. Organizations need to… Continue reading Theory of Constraints (TOC)

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