Critical success factors (CSFs) are the factors or activities necessary for the business to be successful. Knowing your organization’s CSFs is extremely important because it allows management to devote the resources of […]
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The problem with strategic initiatives is that all too often they are not strategic. What they aim for is not always clear. They focus on superficial issues and never get to the […]
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Corporate portfolio management aligns investments to corporate strategy. It defines a portfolio strategy and its implementation for material investments of the business units. For companies of medium to large size, it is […]
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A key moment of truth between the company board and its executive leadership is the Performance Commitment – an agreement that represents the actions that will be taken, the financial implications, and […]
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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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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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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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