Two essential elements of a sound plan are assumptions (predictions about issues that are likely to impact our business) and contingencies (what we plan to do if unforeseen disruptions require a change of direction). The benefit of creating and documenting planning...
One of the questions I often post to members of senior leadership teams during strategy sessions is this: “If your organization went out of business today, another one just like it would start up a few days later because somebody has to _________________.” I am...
I read with great interest the story of Saks’ acquisition of both Neiman Marcus and Bergdorf Goodman. These three fierce competitors in the luxury department store arena came together less than two years ago with the hope of...
For a primer on developing an effective mission statement, download the digital version of “Understanding & Implementing Strategy & Planning” here. It can be argued that many industries are challenged by a rapidly changing and uncertain operating...
In his most recent report on the current state of the industry, preeminent economist Andy Paparozzi highlights major concerns and priorities for printing company owners and executives for the coming year. Top concerns are centered on increasing sales, controlling...
To get started, download my free eBook, ”Understanding and Implementing Strategy & Planning” Ok, so strategic planning may not sound like the most glamorous thing to do, especially now with the considerable pressure business owners are under to perform in a...