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strategic objectives Tagged Articles
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Talent Management Merits Your Board's Full Attention
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| Most boards focus on annual budgets and financial outcomes, often limiting their involvement in talent management to recruiting and hiring a CEO and managing his or her performance. Successful organizations know that's not enough. Talent is typically the largest single line item in an annual financial plan and the chief factor in achieving strategic objectives. Managing your talent is another critical aspect of asset management and merits the full attention of your board. |
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What Is a Strategy Map & Why Do I Need One?
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| Review of Strategy Maps and how they enhance the strategic planning and execution process. Strategy Maps are the foundation for Balanced Scorecards. |
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Mergers and Acquisitions: Understanding the Essentials of Strategy and Execution in the M&A Ecosystem - Part 2 of 4
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| In part one of this four article series, we explored the landscape of the Merger & Acquisition (M&A) ecosystem and how M&A activity is generally driven by strategic objectives that must form a match between both parties - the buyer and the seller. As discussed in Part 1 of this series, mergers and acquisitions, in some cases, may be required by one or both organizations in order to survive. In other cases, the M&A move be seen as a strategic action that will lead to a leaner, more profitable company once the transaction is completed - one that is better positioned for growth. Given the need to acquire or merge will always be present in the business world, how can it be done successfully? In this installment, we delve further into the points of commonality between mergers and acquisitions, examining the buy and sell-side perspectives. |
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Everything Changes after a Recession
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| “If change is happening on the outside faster than on the inside, then the end is in sight” Jack Welch, CEO, G. E. In fact, the world is rapidly changing and organizations need to keep up.
Innovation has become one of the top business objectives in organizations that want to grow, out perform their competitors and, indeed, survive by creating a high value proposition. More than 70% of senior executives said “innovation will be at least one of the top three drivers of growth for their companies in the next three to five years”.
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Are You Ready to Meet the CEO?
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| The degree to which you prepare will directly impact the success of your meeting. Here are 6 key things you need to do before your all-important meeting with a CEO. |
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The Two Most Powerful Principles for Extraordinary Results
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| The intersection of a laser-like strategic focus with flawless discipline in tactical execution forms what you might call the "sweet spot" for creating extraordinary results.
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Setting Effective Business goals
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| All companies need to know whether they are 'on track' ... moving in the direction they intend to move in. This requires the business to understand this direction ... and the goals it has to meet to ensure it does indeed keep on track. Explains how to link goals to strategy ... and how to measure progress towards those goals and the ultimate strategic objectives. |
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1.4 Our experience: Working Out of Poverty
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| Decent work is a powerful tool in selecting the path to the attainment
of the interrelated goals and human development outcomes of the Millennium
Declaration. The ILO’s four strategic objectives are a contemporary
formulation of its mandate and a development strategy that responds to
the most urgent demands of families today. Decent work unites the international
drive to wipe out poverty with the fundamental right to work in
freedom. Within each of the strategic objectives, there are tools to help
eliminate poverty. |
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Other strategic objectives Related Articles
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Another Look at a Manager\'s 2006 New Year\'s Resolution
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| As a manager, ever consider using a strategic public relations plan to alter the individual perception of members of your most important outside audiences? Since perceptions lead inevitably
to behaviors that can help or hinder achieving your managerial objectives, you might want to
think about it. |
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The Value and Benefits of Strategic Thinking
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| Strategic thinking plays an enormous role in professional work and is part of the branding of my multi-disciplinary consultancy. ”A Strategic Thinking Consultancy” appears directly underneath the logo for The Renaissance Group ™ and my newsletter name is “Glenn’s Guiding Lines Thoughts From Your Strategic Thinking Coach.” It is a reality in business today that strategic thinking and the execution of strategic planning are some of the most difficult tasks for business leaders. Although it is easier to be tactical or task oriented, the business leader must be strategic or risk becoming very shortsighted. Therefore a clear understanding of the value and the benefits of strategic thinking are very important.
Here are lists of my thoughts on the value and the benefit of strategic thinking.
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“The Top Ten Reasons Strategic Planning Meetings Fail, According To Your Strategic Thinking Business Coach”
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| Strategic planning is an awesome and powerful process that sometimes gets a bad rap because of some bad experiences people have had when engaging in some form of strategic planning meetings. Many times the combination of personal agendas, absence of open minds, and preconceived judgments about the strategic planning process can turn strategic planning meetings into real disasters. And frankly, there are many reasons why so many strategic planning meetings are unsuccessful. Your Strategic Thinking Business Coach has developed a list of the top 10 reasons why strategic planning meetings fail. And the Top 10 Reasons are: |
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Business Growth Needs Powerful Objectives
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| Yogi Berra is quoted as saying “If you don’t know where you are going you will end up somewhere else”. Business objectives specify where you are going; they are your destination. They give you direction to drive your company’s growth. They provide your team with a common purpose. They focus your activities towards a future goal. All business owners set objectives. The key, however, is to ensure the objectives are powerful and will result in successful growth. All too often objectives are vague. Or they are so unrealistic that they lack credibility. Or they are missing measurable and specific results.
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1.4 Our experience: Working Out of Poverty
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| Decent work is a powerful tool in selecting the path to the attainment
of the interrelated goals and human development outcomes of the Millennium
Declaration. The ILO’s four strategic objectives are a contemporary
formulation of its mandate and a development strategy that responds to
the most urgent demands of families today. Decent work unites the international
drive to wipe out poverty with the fundamental right to work in
freedom. Within each of the strategic objectives, there are tools to help
eliminate poverty. |
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Nine Components of Sales & Marketing Strategy
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| Strategic sales and marketing management delivers plans that help a company achieve its objectives. Completing these nine tasks will show you where your company stands compared to competitors and what you need to do to strengthen your position in the marketplace. |
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How To Develop Clear Objectives That Work Every Time
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| Whether you are developing goals and objectives for a grant application, during a strategic planning process, or for your staff members or team, it is critical to create goals and objectives that are easy to understand and implement. This article highlights four items to consider when developing goals and objectives.
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Top 11 Ground Rules for Conducting a Strategic Planning Session
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| 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. |
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Writing Business Strategy Plans
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| Build a Strategic Planning Team- engage a cross-functional planning team to represent each department's needs. Hold a kick-off meeting to set strategic planning goals, schedule meeting times, and get organized for the planning process.
Introduce the Balanced Scorecard Approach- review and distribute our Research Note "Map Strategy with Balanced Scorecard" to provide a framework to work from.
Develop a Strategic Planning Charter- use our Project Charter template to document the goals and objectives for the planning process, and set plan completion timelines.
Document Strategic Planning GAPS- evaluate your current strategic planning process and add GAPS to our GAP Analysis Tool under the Strategy tab. You will be using this GAP Analysis Tool through the entire strategic planning process, so consider distributing this tool to the wh |
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Sales Planning --- A Critical Component of Sales Success
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| A sales plan is a schedule of events and responsibilities that details the actions to be taken in order to accomplish the goals and objectives identified during the contingency - recovery - strategic planning process. The plan ensures everyone knows what needs to get done, coordinates their efforts and keeps close track of progress. Sales plans must define the objectives, time line and resources required to meet the growth objectives of the business unit, department or branch. This level of detail is unnecessary in the overall initial planning process. |
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