Short term strategic shifts cannot be avoided. Often times though, an organization defines a strategy and then sticks with it, without understanding how to make strategic adjustments along the way. Some reasons for strategy shifts include responding to external changes or adapting to internal business pressure or new capabilities. Strategic […]

Frustration is the feeling of being upset or annoyed at the inability to change or achieve something. Frustration with the status quo results when you actually do want things to change (you have your own buy-in), but for a myriad of reasons, the situation cannot or does not change.

In addition to understanding the details of your business operations, it is imperative that you also make time to understand what is happening in the market and economy around you. It is often very easy to get caught up in the latest customer issue, or repair, or production requirements that […]

In any organization or venture, there are resources, capabilities and activities of the firm that drive value. These “secret sauce” ingredients help make up the unique combination elements that make the organization competitive. Whether these resources provide your organization with a long-term advantage is the primary question in assessing their […]

Your Value Chain are those activities that your firm engages in as you transform inputs into outputs. There are two types of activities as part of your value chain, primary activities and support activities. Primary activities are those that are associated with generating revenue for your firm and often include […]

Clear and compelling vision and mission statements are important in the context of strategic planning. They help to provide the foundation and guide for your forward-looking efforts. Ideally, the scenarios, ideas, and opportunities that are developed and pursued in your organization are aligned with your vision and mission statements. But […]

There is a special skill that is required to be a true visionary. Your head has to be a bit in the clouds to dream of options beyond today’s possibilities, but you also must position yourself to ensure that those ideas are executable. There are many examples of people who […]

Did you know that what happens inside your company only impacts about 55% of the overall performance of your firm? Approximately 45% of your firm’s performance can be explained by what is happening outside of your company, in your industry or by other things outside of your control. A PESTEL […]

As one ventures out in life and faces risks and adversity, it is helpful to learn from people who have traveled the road before you and have navigated the journey. The list below includes a few people from a variety of backgrounds who have overcome tremendous hardship and have been […]

When working to make a decision in life, especially if it is something important, it is helpful to have a few things in mind to reflect on as you get started. The following tips will help you think through your options and take care of yourself along the way. Tip […]