It’s not uncommon to begin a strategy and planning session with a thorough, open, honest assessment of the organization’s strengths, weaknesses, opportunities, and threats (SWOT analysis). It may be time to re-think this approach. Here’s why.
The new year can be a time for reflection and focus on the things we’d like to improve. But often, energy fades as we move back to our existing set of habits. There IS a better way.
As they begin planning for the coming year, business leaders focus on ways to improve and grow. A comprehensive review of the organization’s current state may be the most important part of the planning process.
In a recent strategy session, a leadership team realized that growth would require changes in process, structure, and people.
Business strategy takes many forms but has its roots in one simple idea: Identify and satisfy customer needs in a way that is unique from the competition. And be ready to seize opportunities quickly and efficiently.
While any time is a good time to begin your strategic planning effort, the fourth quarter of the year (don’t look now, but it’s here) is an especially good time to get started. Here’s how.