Strategic planning can be a valuable tool for organizations of all sizes. Done properly, a strategic plan provides a solid roadmap for the organization, outlining the vision and detailing the key objectives to be accomplished within a given timeframe that should enable progress toward the vision. A strategic plan also provides clarity and alignment for […]
Archives for November 2016
Turning a Strategic Plan Into Results
You’ve worked for months. Spent endless hours in airports and bland hotel rooms around the world to meet with customers to understand their issues and needs. Poured over market data and read countless 10-Ks and analyst reports in order to calculate market sizes and market growth rates. Business development, finance and regulatory affairs staff provided […]
No-Nonsense Strategic Planning: Make It Meaningful and Actionable
It’s that time of the year again. Time to dust off the desk and put together the business strategy for 2017. How many of you are working at companies that develop a 100-page 3 or 5-year strategic plan that represents a future nirvana vision for your business? The end product is a glorious dream of […]
Executing a Three-Year Strategy with Twelve Months of Cash
When I was a graduate student in the 1990s at Harvard, a disproportionate number of students in the sciences were actively preparing themselves for jobs in the management consulting industry. They were being hired en masse by the most prestigious consulting firms in the world, not for their technical acumen (although many of them held […]