From my point of view, strategic objectives are the hardest part of strategic planning. And why is that? That’s because they’re really in between a big vision and translating that big vision into annual goals or actions. And they make the bridge between the big idea and what’s ...
Understand the big picture:Before doing anything, ensure you have a clear understanding of your organization’s mission and overall strategic objectives—both short- and long-term. Your team’s goals should directly contribute to these higher-level goals. Ensure buy-in through collaboration:By workin...
Corporate strategic plans address the overall direction of the business. For instance, a wholesale company’s corporate strategy could encompass expanding globally, diversifying into new markets, and advancing technology. These plans shape the company’s overall vision and goals. Departmental strategic pla...
Strategic planning is an organizational process that is performed by company’s leaders. Through strategic planning, companies are able to outline future goals and decide how they plan on achieving these goals. You can think of it as a roadmap for your business and use it to plan your next ...
A strategic alliance is an agreement between two parties for the mutual benefit of both. While there are many examples of successful strategic alliances, companies also have to be careful to choose the right partners and make sure that the alliance's goals are clear and well-understood from the...
Strategy Maps for Structuring Program Operating Plans: Tobacco ExamplesSTRATEGIC GOALS & OBJECTIVES
When you go into business, you’re playing to win – and to do that, you need a strategy. Organizational strategy and strategic planning aren’t just for big businesses. Even a one-person business should consider its strategy and work towards meaningful goals. The key word here is “meaning...
Business ManagementStrategic Planning When you can describe a problem, most of the time, you’ve already solved it. This is more or less the idea behind setting SMART goals for business: it’s a practical rule of how to set goals so that they’re clear to everyone and there’s no way...
Learn how a strategic decision making group effectively makes decisions, and see examples of strategic decisions. Updated: 11/21/2023 Strategic Decision Making: Meaning Strategic decision-making refers to identifying the best way to achieve goals and objectives. These goals and objectives are long...
Marketing may not be an extreme sport with life-or-death consequences, but you’ve got big goals to reach nonetheless. And your team’s success relies on a lot more than gut instinct. That’s why a strategic marketing plan is a must, no matter your industry. Think of it as the road...