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.
Category: Strategy
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 […]
Setting personal goals can often seem more difficult and evasive than setting professional goals. In a work context, you may be financially incentivized or receive oversight by a manager to ensure that you achieve the goals that you outline for yourself. In some cases, goals may even be created for […]
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 […]
Your stakeholders are those people who have an interest in the performance or survival of your organization and who might influence or be influenced by your business outcomes. In the context of business analysis, organizations focus a great deal on current customers, and many businesses anchor activities to serve current […]
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 […]
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 […]
Strategy is the work that you do now to create a positive impact for yourself or for your business in the future. It means that you are setting aside time to think about the vision that you have, align your resources towards those objectives, and execute that work. As executives […]
For many professionals, we have been told over and over by our companies to make our goals SMART. SMART is an acrostic which stands for goal characteristics: Specific – narrow enough to result in effective planning Measurable – able to be tracked over time Attainable – achievable and able to […]