Developing an effective strategy for your organization is vital for growth and sustainability. However, coming up with a strategy that can work is only part of the battle – making it happen is a whole different challenge. Several factors affect…
A huge part of developing a strategic plan is a reliable, in-depth strategic analysis. In this article, we’ll cover: What is strategic analysis Why conducting a strategic analysis improves your strategy formulation A strategy formulation case study How to conduct a strategic…
No matter how foolproof your strategic plan is, it won’t survive first contact with reality. Planning a strategy and implementing it are two very different stories. What is Strategy Implementation? Simply put, strategy implementation is the term used to describe the process…
Every comprehensive strategic plan starts with the corporate strategy level. What is Corporate Strategy? Corporate strategies are arguably the most fundamental and broad-ranging strategy level within an organizational strategy. The corporate strategy level concerns itself with the entirety of the…
Organizations that lead the market align everyone towards their desired direction. Identifying your destination and developing your strategic plan to reach it is the easy part of strategy. Executing that plan is the hard part. Only when you achieve company-wide organizational alignment…
Conventional wisdom has it that first, you build the strategic plan including the Vision, the Mission, and the Focus Areas of the company, and then comes the operational plan. The latter connects the front-line projects with the long-term vision of the business. These are…