A company’s organizational alignment to its strategy depends largely on management’s ability to access information to make decisions and take action. Clearly, without access to the right information, the organization cannot operate […]
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Strategy execution requires the organization to align with the strategy. The reason is that execution is the collective result of thousands of decisions and actions by employees at the grass-root level. For […]
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Companies spend significant resources on strategic planning every year. Six months to a year into it, many find out that they are no closer to executing their strategy and achieving results than […]
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Organizational alignment needs to satisfy two performance objectives. The first is to adapt the organization to the market and its ever-changing conditions. We refer to this objective as market adaptation. In addition, […]
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SWOT Analysis is a core tool of the strategic planning process. Its purpose is to identify a company’s strengths, weaknesses, opportunities and threats. In its basic form, it may appear trivial and limited. A […]
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Accountability is the foundation that defines how we commit to activities, track our performance, behave in a team, relate when mishaps occur, and the level of responsibility we take for getting things […]
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The strategic planning process translates the long-term objectives of the firm into short-term “strategic” operating initiatives. In so doing, executive management must build company-wide consensus to get managers and employees onboard. Unquestionably, […]
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Opportunistic acquisitions don’t always create value – strategic acquisitions do. Winning companies don’t jump to candidate targets right away. They form a deep understanding of the industry, its players, and the strategic […]
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Great Prairie Group follows the performance of the U.S. economy and publishes a quarterly overview with a dashboard of indicators and implications for business.
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The decisions involved in the execution of strategy usually require the organizational alignment of many people. For large organizations, the responsibilities of decision-making can span several departments working in collaboration. Lack of […]
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