10 steps to Building Business Strategies & Strategy Development
Strategic Planning 10 steps to Building Business Strategies & Strategy Development Void of research and planning, many companies make hasty and ill-advised decisions that adversely impact their enterprise value. Our appetite for simplicity should not override our need to be thorough, especially when the future of a company is at stake. In a world where CEOs are overcaffeinated, stressed and time-starved, many have been romanced by easy-to-use strategic business plan templates that yield a quick-and-dirty business strategy. However, downloading a template tends to promote short-sighted thinking and poorly-executed strategies. The result is often something closer to a short-term operational plan than a true strategy. Hiring the wrong people or implementing an ERP based on faulty assumptions can be costly. Strategic planning , and even visioning, cannot be casually ideated in a few hours. Often, strategic planning is associated with completing a SWOT analysis. Participants show up for...