A First Step in Strategic Planning – Assessing the Environment

A First Step in Strategic Planning – Assessing the Environment

As a first step within a strategic planning process, it is important to recognize that the nature of the competitive forces within our industry will determine the relative scope for growth and profitability. Understanding the dynamics of these forces will help us to assess the potential for new opportunities and begin to differentiate ourselves from others.
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Strategic Framework: Creating Measures and Using a Dashboard

Strategic Framework: Creating Measures and Using a Dashboard

In our facilitation and consulting practicewe enable clients to build Strategic Frameworks. These multi-year plans include a Vision Statement, Pillars of Success, Strategic Objectives, Measures and Key Initiatives. It is important to differentiate Strategic Objectives, which are long-term, comprehensive and measurable outcomes, from Measures, which are the subject of this article.
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