Do you think you can't develop your Action Plans until you make other decisions? Are your Action Plans too "high level"? Are you trying to accomplish too many objectives? What other road blocks prevent you from successfully developing your Action Plans? I look forward to your comments on our blog.Action plans are the detailed road maps that turn your strategic plan into results. Action plans support the key strategic objectives that your team selected as the most important projects to work on for the next 12 to 18 months. If your action plans achieve the objectives, then you are moving towards achieving your strategy - if not...
We find it very difficult to determine our market share in our specialty niche markets. Will this be a detriment to successful Strategic Planning?
What role should our board of directors play in strategic planning?
This column is intended to answer common questions related to strategic planning and strategy in general. In each issue we will answer questions posed by seminar attendees, our clients and our readers. Please send your questions to - simplifiedstrategicplanning@cssp.com Mail: CSSP, Inc. 2219 Packard Road, Suite 13, Ann Arbor, MI 48104
Monitoring Your Strategic Plan--Quarterly Reviews and Annual Updates
Once you have completed your strategic planning for the upcoming year, how often should you go back and look at it to determine that the plan is still valid; heading you in the right direction and staying on the course you have chosen?
Lead your Industry in the BIG things
Leadership is a double-edged sword. On the plus side, leadership in your industry means that every possible competitor will have to play catch-up with any strategic choices you make - you will be defining the game of strategic competition, and this can lead to extremely strong profitability. On the minus side...
What is Your Strategic Competency?
Early in the PC era, Apple was clearly a leader in innovation. But in 1996, Apple lost over $800 million dollars. Apple was originally known for breakthrough ideas for personal computers, but others were more profitable and had significantly more market share. What was wrong?
Sustainable Strategic Advantage
What does it take to be today's winning competitor? The winner must have a competitive advantage-right? Real winners aren't satisfied with a competitive advantage that may be just a flash in the pan, they want a sustainable, strategic advantage that will last.
Watching Trends: Ebbs and Flows
Watching companies respond to massive changes in the current strategic environment, I am struck by how much we tend to overemphasize the present when planning for the future. In strategic planning, it is vital that you do the best job you can to anticipate future trends that will shape the strategic environment of your industry.
In 2000, people were ready to sound the final bell for Xerox Corporation. Financially troubled, mired in shrinking market segments, the future of Xerox was bleak. Xerox had to reposition itself in order to succeed in the 21st century.
Is Your Company a Good Supplier?
In your strategic analysis of your customers' buying behavior, have you noticed that most of the time there are three major areas that come into play?
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