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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Organizational alignment can help with the execution of strategy. A well-designed organization typically aims for a lean structure that can reflect the strategy closely. The lean organizational design builds on few management […]
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When a business requires 10% to 20% cost reduction, the actions executives need to take to reduce costs are strategic, not tactical. They need to think beyond common cost reduction initiatives such […]
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M&A deals fail more often than not. Study after study put the failure rate at over 70%, including Harvard Business School1, Wharton School of Business2, McKinsey3, Bain4, KPMG5, and many others. […]
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Consider a CEO facing any of the following strategic imperatives: a new strategy shift, moving into a new market, a breakthrough innovation, a merger or acquisition, downsizing due to industry overcapacity, radical […]
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