Developing strategies for how a business will use its money, materials and people to accomplish its goals is part of starting and running a business. Within the strategic planning process, a ...

A business needs to have both a strategic plan and a budget. The strategic plan lays out the direction and goals of the business and guidelines for actions to achieve those goals, while the budget ...

As the old saying goes, failing to plan is planning to fail. Good leaders know that forethought and preparation are necessary to succeed in this sense. Yet, it's not unusual for founders, executives ...

We’re in the thick of strategic planning season—a time of big binders, slide decks, and multi-day meetings designed to map out the future. But when the unexpected hits, how much of that work actually ...

Your strategic plan will guide your organisation in achieving its vision, mission and goals, and will help you answer five key questions about your organisation’s purpose and activities. A strategic ...

Strategic planning is never easy, and it has gotten hugely harder with the Covid-19 pandemic. Baseline forecasts of revenue and costs are tough, and who knows whether a second wave or a vaccine will ...

Turn your strategic plan into a specific operational plan with these steps and examples. An annual plan is an operational plan that indicates specific goals and objectives for a particular program or ...

Why do so many strategic plans by government agencies and jurisdictions fail, ending up on the shelf as expensive paperweights? One reason is that, too often, they’re developed by a narrow ...

This article outlines a practical, low-cost framework for entrepreneurs to build and execute strategy fast — focusing on clarity, focus and action. Traditional, complex strategic planning doesn’t suit ...

It has been said that if you are not planning to succeed, you’re planning to fail. A lack of planning will lead to the demise of an organization, especially the fire service. Strategic planning is one ...

Reviewed by Julius MansaFact checked by Yarilet PerezReviewed by Julius MansaFact checked by Yarilet Perez Strategic management evaluates and may reorganize company resources to achieve new goals and ...