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 […]

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 […]

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 […]

For many people, the idea of spending time on updating the organization’s vision sounds like a waste of time. It can be perceived as a “check the box” type of activity. Once it is complete, it may not be reviewed. Executives, leaders and business employees often place a much higher […]

Leading tech companies often have employees engage in innovative work as part of their weekly routines. Whether it is part of their job description or a certain number of hours per week that they dedicate to exploratory projects, this time is usually focused on helping to achieve a long term […]