Strategic planning, as the term indicates, is the act of planning the organization’s strategy. Strategic planning is planning for the organization’s long run. Taking the steps required towards taking the organization to its strategic objectives is strategic execution. While strategic planning is the visualization part, strategic execution is the implementation … Continue Reading
Strategic planning can be understood as the means by which organizations conceptualize and visualize their long term plans and the way by which they plan to go about achieving them. To implement strategy, organizations need to implement strategic planning.
Strategic thinking is absolutely necessary and important for an organization. Unless … Continue Reading
Drafting a strategy for your business is just the first step. Executing the strategy is the second. And execution is not as easy as drafting the whole strategy. And a lot of businesses fail because they were not able to execute their strategy properly.
According to the book Execution: The … Continue Reading
Business strategy is a method on how you would like to achieve a certain result. Normally, business strategy is a long term method that covers over 3 to 5 years.
Aside from being a method to achieve certain results, business strategy is also your road map so your business won’t … Continue Reading
Running a business requires you to take risk sometimes or rather most of the times. This is like gambling, you cannot be 100 percent sure that the outcome will be successful. With this, careful and strategic planning is needed.
Strategic Planning vs Crisis Management
Executives and organizations spend most of … Continue Reading