The performance of the business depends on its ability to execute its strategy in light of various changes on the ground. Implementation control is one of several strategic controls at the disposal […]
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The main purpose of performance management is to ensure that the business strategy is executed as planned. Performance management seeks to guide and motivate company employees to make decisions and behave in […]
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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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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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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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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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