Businesses need direction and organizational goals to work toward. Strategic planning offers that type of guidance. Essentially, a strategic plan is a roadmap to get tobusiness goals. Without such guidance, there is no way to tell whether a business is on track to reach its goals. The followi...
Strategic thinking requires research, analytical thinking, innovation, problem-solving skills, communication and leadership skills, and decisiveness. Why is Strategic Thinking Important? The competitive landscape can change quickly for any organization. New trends may emerge quickly and require you to take...
Strategic management enables an organization to have a clear understanding of its mission, its vision for where it wants to be in the future and the values that will guide its actions. The process requires a commitment tostrategic planning, which is a subset of business management that requires...
Tip: What is the strategic value of your customer relationships? Did you knowcustomer experiencein context to your marketing strategy priority ismore important than advertising, because just getting your messages out is not enough. This year, there’s brutal competition…is customer experience aligned...
Strategic positioning is not about being a niche or having a broad offering. Strategic positions are arrived at only by carefully selecting your activities to make you unique. Unique – by definition – implies that these activities are different from competitors or the combination of activities is...
But what is strategy, exactly? And are you aware that you need different types of strategy at different levels within your organization? In this article, we're looking at some common definitions of strategy. We'll focus on three strategic levels – corporate strategy, business unit strategy, ...
Why is it important? On 27th April, Dr. Julia Sloan held a lecture in Honors College to deliver a brief introduction of Strategic Thinking. Dr. Julia Sloan is the author of the definitive book Learning to Think Strategically...
Part of strategic management is being adaptive and adjusting to headwinds or organizational changes. You’ll also need to maintain a strong team culture, so your plan stays on track and team members stay engaged. There are several models that strategic management can follow. Each takes a differen...
An advanced persistent threat (APT) is a sophisticated, sustained cyberattack in which an intruder goes undetected in a network to steal sensitive data.
Being strategic about the composition of an innovation team can help minimize failures and bring discipline to the process. What innovation advice can help business leaders? One broad piece of advice centers oncreating a culture that accounts for the human side of innovation. When people worry abou...