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.
Even infrequent golfers experience irritants with public golf courses. This should give owners pause. Why? Because it illustrates problems with their business model.
To demonstrate, we will use the right side of the Business Model canvas, which identifies:
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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An objective or measurable step is required to achieve any strategy.
That is why Strategic Objectives is one of the five elements of our Strategic Framework. It starts with a Vision Statement, it follows with Pillars of Success and then we develop Strategic Objectives. These are followed by Measures (dashboard) and Key Initiatives.
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Surveying customers and employees is an essential component of strategic planning and executing a plan.
Our firm specializes in facilitates our clients’ development of strategic frameworks. These provide a multi-year roadmap to success.
There are four things to consider before engaging a facilitator to manage your strategic planning process.
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In our consulting practice we take a team of people through a process to build a strategic plan for their organization. While this is best done in a group situation, it is possible to replicate the steps as a piece of “staff work”.
Here are the six steps to building a strategic plan.