Scenario Planning in Six Steps Corporations operate in political, economic, and technological environments that can change rapidly. Competitive advantage can be the reward for those that anticipate, plan, and prepare for change. In the face of so much uncertainty, too many managers overestimate their ability to control events. This tool guides you through the six …
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Strategy Mapping – Accelerating Business Success Strategy mapping offers an approach to defining vision and strategy that is well-suited to organizations undergoing—or anticipating—major change as the result of either internal or external forces (e.g. industry change, technological change, competitive change). This method builds business resilience by helping organizations dynamically chart the best course through uncertain …
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Three Levels of Strategic Planning This tool shows the relationship between the three levels of long-range planning and the various parts of the organization they affect. Leaders can use this tool to explain the relationship between top-level strategic planning and information technology (IT) strategy, for example. They can also use this tool to illustrate the …
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The Six Principles of Strategic Positioning This tool is for leaders who want to understand the six principles of successful strategic positioning. It ensures that leaders are asking the right questions about the overall goals of the company, its business model, and the value that the company creates. Research has shown that companies that follow …
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Strategic Impact Matrix This tool is great for assessing the relative value of various strategic options. It is useful for facilitating group discussions about alternative strategies. It has two dimensions: ease of implementation and degree of impact. This is a valuable tool for leaders who want to explore various strategic investments. Download the PDF – …
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Nine Types of Strategy This tool concisely defines nine types of strategies. It lists the factors that should drive an organization’s choice of strategy and includes helpful hints to guide your choice of strategy. This is an extremely useful tool to use as part of a strategic planning process. Download the PDF – “Nine Types …
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Successful Business Planning This tool details the content of a successful business plan. It provides a valuable checklist of information that you will need to gather – and poses questions that savvy investors will ask. Download the PDF – “Successful Business Planning” Outline 1. Executive summary One or two pages describing the vision, goals, marketing …
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Commonly Used Financial Ratios These are the 15 most commonly used financial ratios and concepts, along with the formulas for calculating them, how they are used, and examples of good performance. This tool is particularly useful for leaders who do not have a financial background but need to understand financial yardsticks. Download the PDF – …
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Streamlined Strategic Planning Charts, graphs, and thick binders containing reams of paper: is this what comes to mind when you think of strategic planning? If so, you may be reluctant to develop a strategic plan for your organization—and understandably so. However, without a clear strategic plan, a company leaves itself vulnerable. Unplanned growth can eat …
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Strategic Planning Flowchart This tool is useful for visualizing the steps in a typical strategic planning process, from the initial environmental scan to the narrowing of strategies and developing of related performance targets. Managers and leaders can use this tool to communicate their planning process to other managers, employees, board members and other stakeholders. Download …
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