Strategic planning is a road map of what you want your business to look like in three to five years requires an understanding of your competitive landscape as well as the changing economy, new regulations and new technologies. While you can’t predict the future, a methodical and data-informed approach to setting goals, analyzing your competitors and setting strategy will provide a clear plan for how to get there. Your strategy should include ongoing development opportunities for leaders, consistent collaboration with customers, and a drive toward innovation.
Growing a small business is no small task. A recent Vistage publication concluded that 19% of Vistage member companies have less than $10 million in sales (the threshold used by the U.S. government to define “mid-market”). And...
May 1-5 is National Small Business Week 2017, but the basic concerns and interests of small businesses are perennial. Growth, management, personnel, capital — these are valid and ongoing concerns of small business owners, en...
Twenty years ago, when the book The Discipline of Market Leaders was published, it was revered as one of the seminal works on business strategy. The premise of the book is that market leaders fall into one of three categories:...
In this post, the last in a three-part series, we set out to provide a comprehensive review of current political trends. (Read Part I and Part II in this series.) How will the political environment impact business in 2017 and...
Everybody wants to win, and that includes people and organizations. No one wakes up in the morning and thinks, “I want to do a terrible job at work today!” But these days, it often seems like people aren’t making progress...
In this age of widespread disruption, your organization needs to meet two key goals: One, you need to constantly scan the horizon for disruptive forces. Two, you need to budget for agility, because it’s key to managing disruptio...
In this post, part of a three-part series, we set out to provide a comprehensive review of the effect of current technological trends on your business. (Read Part I & Part III in this series.) Here’s a stark observation: All...
Watch the webinar ‘A CEO’s Introduction to Acquisitions’ for an in-depth look at this topic. We’ve written before about how opportunism isn’t a comprehensive strategy for companies looking to source acquisitions, even if you don...
Strategic Planning is one of the more complex and problematic topics that CEOs tackle. Laying out goals, marshaling resources, and implementing strategies and tactics are indisputably necessary activities, but ones fraught with difficulty and often h...
Did you know that, mathematically, if you improve revenue by 2% per month, you will more than double your business in three years? The value of a strategic business plan, then, is to create the “how to” strategies, initiativ...
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