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strategic management concepts Tagged Articles
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International strategy
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| Strategies are the means by which long-term objectives will be achieved. This discusses the international strategy in the current context by giving real life examples |
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Other strategic management concepts Related Articles
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Strategic Thinking What Does It Really Mean
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| Recently I was working with a client’s management team and we were having a discussion about thinking. And as the discussion ensued I thought to myself that we think a lot, but we very seldom think about how we think. As a strategic thinking and business coach I do think quite a lot about how we think and especially how people in business think or shall I say how they “don’t think!”
In today’s economy with the global competitive pressures faced by business each day, it seems to me that there needs to be a great deal more emphasis on strategic thinking. And in my view, strategic thinking should no longer be limited to or encouraged of those in planning. I believe that strategic thinking is now necessary for everyone. |
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“Ten More Benefits From Strategic Planning, According To Your Strategic Thinking Business Coach Ten More Benefits From Strategic Planning, According To Your Strategic Thinking Business Coach”
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| Strategy is about making choices and your strategic thinking business coach always wants to guide you in the making of the most educated, informed and strategic choices in your business. Today’s businesses need a process to guide them in successfully developing and implementing strategies for growth and solutions to business issues, needs and problems. Strategic planning is the process that all businesses need.
Strategic planning will save you time, get you and your management team focused, and provide a road map to reach your business and personal visions. In any business activity, one looks for benefits. This is especially true in the case of strategic planning. Here are ten (10) more benefits from strategic planning, according to your strategic thinking business coach.
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The Difference Between Strategic Tactical and Why Business Owners Need To Know The Difference According To Your Strategic Thinking Business Coach
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| Has anyone ever told you that you need to become more strategic and less tactical in your business? Do you know the differentce between strategic and tactical? Are you confused about what is strategic and what is tactical? Based upon observations of business owners and their management teams for the past three decades, I believe there are many confused, misinformed, and/or uneducated people on the differentiation of strategic and tactical. So, let your strategic thinking business coach offer some assistance to eliminate the confusion and correctly inform and educate the reader in this matter.
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How To Hone Your Strategic Thinking Skills To Plan For The New Business Year, According To Your Strategic Thinking Business Coach
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| Strategic thinking is always important. The initiation of planning for the new business year is an especially important time for strategic thinking. In businesses where strategic thinking, planning and actions drive the company, the business owners and management team need to hone their strategic thinking skills to begin the planning for the new business year. Here are ten (10) recommended ways to hone your strategic thinking skills, according to your strategic thinking business coach.
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Lessons Learned From Strategic Marketing From Your Strategic Thinking Business Coach
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| Businesses need to be strategic! There are too many businesses that fail to recognize the value of being strategic in their thinking and planning and have limited themselves to less than optimum results. Today, I want to present some thoughts about strategic marketing plans. I continue to be amazed at how many businesses have no marketing plan at all, let alone a strategic marketing plan. The truth is that the only marketing plan some businesses have is one on “the seat of their pants.”
Over the many years of working with business owners, their management teams and employees, there have been many opportunities to experience and capture the “lessons learned” from heir endeavors. In this article your strategic thinking business coach wants to share some of the “lessons learned” from strategic marketing. |
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Why Are Strategic Alliances Important to Your Small Business
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| Global Edge defines a strategic alliance as a “collaborative agreement between two companies designed to achieve some strategic goal.” Traditionally, strategic alliances take place between larger companies and encompass formal arrangements such as “international licensing agreements, management contracts, and joint ventures” - but more and more small businesses are banding together in less formal ways to form strategic partnerships of their own. What are some of the benefits of forming small business strategic alliances? As a small business owner, how can you reach out to start conversations with potential allies and what should you look for in a strategic partner? |
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Strategic Planning: Taking Time Out to Work "ON" Your Business
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| Strategic Planning, 5 Traps of strategic planning, alignment of management team, management |
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Complexity: The Execution Challenge You Don't See
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| Complexity lies in every aspect of strategic planning and it is a concept that needs to be clearly understood in order to anticipate and overcome execution challenges. We live in a highly complex world and - for the most part - we cannot comprehend the intricate concepts needed for strategic planning. With outside management consulting, companies often see that it is easier to understand the complex architecture of cause and effect. |
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Product managers, Product Marketing and Management, Product Management
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| Product management is a well-understood concept every industry except technology. The role of product management varies from strategic to tactical. The strategic role of product management includes various activities including being the messenger of the market, delivering information to departments that need market facts to make decisions. |
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Change Management Can Lead to Rigidity and Resistance to Change
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| Beware of formal organization improvement or "change management" (an oxymoron) plans. Like strategic plans, organization improvement or change management plans can reduce an organization's effectiveness. They can lead to rigidity, bureaucracy, and resistance to change.
This sounds like an argument against planning. It's not. We have found that constant and ongoing personal, team, and organization improvement planning is vital. But too many "change management" and improvement plans are built on the same faulty premise as strategic planning - that there is a right path, which can be determined in advance and then implemented. We often hear managers declare that they have the right strategic or improvement plan, but the reason things aren't going according to plan is because of "execution problems." This is a deadly assumption. |
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