Running a business can be a lot like riding a roller coaster – long spells of a slow grind uphill to meet the daily demands, with short bursts at breakneck speed to meet customer deliverables and internal commitments.
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Our firm, Hewat Strategic Edge, helps clients build strategic frameworks as part of their strategic planning process. The Strategic Framework always includes a Vision Statement as a guiding element.
I am frequently asked during planning sessions, why they are not focusing on Mission as well as Vision? Part of the answer lies in the difference between the two.
Business Action Plans are like the meat in a sandwich. They provide the content between strategic and operational planning. A Business Action Plan can cut across a company, division or department.
You may have decided to undertake a Strategic Planning Process within your Association. Or, you may be about to recommend that your Association develops a multi-year plan. In either case this article may be helpful.
Multi-Year Strategic planning, when it is done right, provides benefits to the organization during the actual planning process. Most importantly, it creates long-term benefits by providing a road map to organizational success.
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I have frequently observed that when delegations of business executives meet their government equivalents there can be gaps in communication. This can be the result of different perspectives about the substantive issues. For example, businesspeople usually have very specific interests and the government officials have a sense of responsibility to a wider set of competing interests.
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As a first step in a strategic plan or assessing a business model, it helps to assess the factors in the environment that could have an impact on the success of our organization.
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Where to focus a business leader’s attention when it comes to creating a strategic plan for future success?
For most of my career, I have been very comfortable with the model illustrated below.
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When we are building a strategic framework with our clients, the first accomplishment is the refinement of an existing Vision Statement or the creation of a new one. What flows from the Vision Statement are Pillars of Success, Strategic Objectives, Measures and Key Initiatives.
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