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- 5 Tips For Selecting Good KPIs For Your Business by Rachel Agheyisi
KPI (key performance indicator) is one of those buzzwords heard often in today's business environment. In theory, the meaning of the term is obvious enough. However, for many companies, the implementation often poses a dilemma resulting in a pile of data with little or no actionable value. That outcome may be due to a variety of factors, including a lack of clarity of the intent of KPIs. This article offers tips for selecting actionable indicators for your enterprise. - Take Your Company Public - Technology and Software Companies Can Raise Capital Fast! by James B Scott
Are you trying to raise capital for your start-up or corporation in expansion? Have you exhausted your traditional institutional sources and hedge fund contacts? Don't lose hope just yet! First of all, take all those pamphlets and brochures from banks and other traditional lenders that are lying all over your desk and toss them in the trash...they are absolutely useless. - Strategic Planning is a Process Not an Event by R. L. Cagle
Strategic Planning can be beneficial if you understand that planning is a process, not an event. Having regularly scheduled follow up meetings is one of the keys to getting results from your strategic planning. - What Got You Here Won't Get You There - Reinvention Will! by Larry Galler
As a business grows and matures, changes in management style, structure, and process are necessary but many small businesses attempt to grow without making those changes resulting in a stultifying, ineffective management process. Reinvent the management process and grow. - Medical Equipment Buying in Tough Times by Lee Joseph
As the government puts the medical profession on notice of a possible hostile takeover, your practice does not stop functioning. Regardless of further government intrusion, as professionals, our Hippocratic Oath has never been under assault (like our checkbooks are)! - What is Strategic Financial Management? by Obafemi Toriola
Strategic financial management is basically about the identification of the possible strategies capable of maximizing an organization's market value. It involves the allocation of scarce capital resources among competing opportunities. - Strategy As Co-Created Narrative by Chris Mowles
Despite the fact that the literature on strategic planning has diminished considerably in the last fifteen years or so, still most organisations do it. So argues a recent article in the Journal of Management Studies by Jarzabkowski and Balogun. It has become what GH Mead would term a social object, and in terms of the social game of organisational practice lots of people do it because lots of people do it. - The Edge of Legal Advice For Mergers and Acquisitions on Your Business by Pinky Savika
There are companies that offer services like legal advice for mergers and acquisitions. Examples are Bowman Gilfillan Mergers and Acquisitions Practice Group and Irwin Mitchell. These kinds of companies advise your in-house counsel on all aspects of the legal process of making the deal. - Strategic Thinking & Its Importance by Kevin Fernando
Thinking is such a natural process that people do not often give much thought to it. However the importance of strategic thinking is critical for business success and this article aims to shed some light on the topic. In order to better understand strategic thinking a logical starting point would be to define "Thinking": "Thinking may be described as the mental process of forming models in our mind. - Four Ways on How to Begin Exploring Every Online Business Opportunity by Joanna Vaiou
If you feel stuck in your present job and are not sure whether it is possible to work in the relax environment of your own home, then set those doubts away because you have the answer. You can! You can make a difference in this world starting with yourself and your family by taking on some of the internet home based business opportunities and doing it full time. Now you can work at your own pace and still earn a huge income from working at home. - The Changing Face of Risk Management by Kristian Hall
Over the last decade all kinds of tools and techniques for risk management emerged. They enabled financial firms to grow at rates far exceeding those of others sectors. - There's Always a Silver Lining by Samira Mery Lineberger
With the economy at its lowest point in decades, the legal industry is taking its share of the brunt. More and more firms are downsizing, some in drastic measures and still law schools are turning out new graduates in record numbers. So what's a lawyer to do? It's all in how you look at it. Economic turmoil is not pleasant, but with turmoil there is always opportunity, and the opportunity for small to mid-size firms to build their commercial business is better than ever. - Top 11 Ground Rules For Conducting a Strategic Planning Session by Sharon Mikrut
Conducting a good strategic planning session is critical to the success of a solid strategic plan; one that includes specific and measurable goals and objectives, providing a clear direction for the organization. To ensure that the actual planning retreat is as productive as it can be, ground rules should be established and discussed prior to commencement. This article provides a list of 11 ground rules I believe are imperative in managing a successful planning retreat. - The Business Plan - Creating Clarity For Your New Enterprise by Monika Sylvester
Basically, this is a comprehensive document that is made up of several components - a business blueprint if you will. That helps an entrepreneur establish a point-by-point road map for their business future. A business plan is your business story. - Why Won't You Write a Business Plan? by H. R. Smith
You know you need a business plan. You know banks, lenders and venture capitalists will all require a written plan. So why is it that so many people refuse to write one? - Why Do Smart People Continue to Pay For Dumb Mission Statements? by Leanne Hoagland-Smith
Smart people including CEO's, small business owners, SOHO and even sales professionals abound in business. Yet, these same intelligent people spend (note not invest) millions of dollars in truly dumb mission statements. - Making Stuff Up by Holly Green
Imagination can be a wonderful thing. But in the business world, making stuff up that has little to no basis in reality can wreak havoc with your strategic planning process. Learn how to identify common MSUs (making stuff up) and minimize their impact on your organization. - Ingredients of a Successful Market Research Program by Abhijeet Singh Hazare
This article provides information on "How to Plan / Strategize" a Successful Market Research Progamme. A simple effective 10 Step approach on Market Research Planning has has been discussed in this article. Its a must read for businesses who are in process of starting a market research campaign as part of their marketing strategy. - Change For the Better With Better Planning by John Duffield
The ability to formulate a strategic business plan and to implement the changes proposed by the plan separates successful companies from those who go under. Too many failed companies have made the mistake of producing a weighty, glossy plan, supporting internal power bases and setting out budgets that are numbers driven. They have lost sight of the real issue: the planning process itself, a process for effecting change and projecting the company forward into the future. This article explains the business planning process step-by-step to assist you in formulating a plan that will have a direct effect on operational performance. But first, let's look quickly at the issues that make careful business planning so essential today. - Use Scenario Planning to Adapt As We Emerge From This Recession by Clint Burdett
Scenario planning is an efficient, cost-effective method used to observe, understand and adapt to economic, social, technical and political developments that will impact your organization, community and region. As we emerge from the recession with consumers holding back, scenario planning prepares a firm to adapt intelligently. The method helps push your planning horizon out to about five years. - Looking Forward - Which Direction is Your Business Looking? by Joseph R. Byrd
Healthcare is a major concern to most businesses. The costs are rising and the control seems to be decreasing. Actually your business has more control over healthcare costs than you may think. It just takes a forward-thinking approach. By looking ahead you can save money and improve your business. - The Business Plan For Your Online Business by Lawrence Anderson
When you decide to make take your business online you must need to design a business plan first that you can follow while designing your website and apply techniques. A business plan is a list or a document that you follow when you are doing something in your business and setting up things up for your customers. - IT Consulting Business Planning - How Deep Will Your Services Go? by Eric Powers
Your menu of services is a keystone of your IT consulting business plan. To decide on this menu, you have to consider how deep your services will go into the companies you work with. - Sample Construction Business Plan - Areas to Customize by Eric Powers
A sample construction business plan or a template for such a business plan can be an incredible time saver as you set out to write. However, there are a number of areas which must be specifically customized for your purposes. - "Anyone Who" is Not a Target Market by Carolyn R Higgins
Finding your target market - that segment of the population that is best suited for your business and is most likely to buy from you - is absolutely crucial to developing a plan for growth (aka a marketing plan). When I talk to small business owners, they're usually reluctant to start at the beginning, building a plan. - Why Your Business Plan Failing Could Be a Good Thing by E Martin
Did you know having your business plan fail can be the best thing that can happen to you? Sounds crazy right? But it's true, and here is why. - The Mission Statement by Liam Carolan
Are you interested in building a strong foundation in your new or existing organization? Do you have ethics and standards? Do you also have a crystal clear picture of what it is that you want, and where you want to go? Creating a mission statement is really the most critical first step toward insuring that your new or existing organization has a clearly defined purpose to help it succeed - and if you are going to employ people, give them every available possibility to share that purpose with you. - Team Engagement in the Planning Process Makes For Better Implementation by Helen Wilkie
Teams win most often when all the players are moving towards the same objective. When planning your objectives and activities for next year, take the opportunity to involve all your people in the process. Here's a suggested approach to doing this and reaping the benefits. - Why a Business Plan is a Vital Management Tool by Peter L Mitchell
Traditionally, business planning has been carried out for periods of one year or more. But in the past, the commercial environment was not changing quickly and a 12 or 24 month plan was appropriate. Today the situation is different. The plan must reflect the changing commercial, financial and industrial environment. Changes are taking place at an ever-increasing rate. This means that businesses today have to be much more nimble and responsive to the changes in the marketplace and the needs of the customers. Furthermore, changes in technology can mean that today's equipment is obsolete tomorrow - A Very Important Skill to Master by John Hayes Jr
The best decisions in life are usually made slowly, ultimately, with dedication, and are unwavering. If you can learn to do this, then you are on your way to a spectacular and well-deserved success.
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