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.
Few topics engender as much passionate debate as the the value of a customer. While most everyone agrees they’re important, there’s less consensus on what they’re worth.
“Culture eats strategy for breakfast” and similar declarations are prevalent in business journals. But what if systematic investment could help you build both?
One of the most common concerns raised by employees is as simple as it is complex. Organization structure should be straight forward and well understood by all.
In my NYU graduate business management courses, I’ve recommended a format for business plans that incorporates three vital components.