INSTAGRAM

Follow us at Instagram ...

Comments

Post a Comment

Popular posts from this blog

The Keys To Be A Successful Business

Business owners are some of the most optimistic, and often the craziest people in the world. No-one starts a business believing that it will fail. We are all absolutely convinced that our idea is a great one, that we will be successful (where others have failed) and that this business will change our lives for the better. If we did not feel that way, we would never take the risk to invest our own money, or borrow from others to start our business. The reality is however, that, according to the SBA, most businesses eventually fail and more that 50% do not survive beyond the first 3 years. Even if you manage to get that far, things can still go horribly wrong, as many seasoned business owners found out during the recession which hit us during 2023 to 2024. So, does this mean that you should not start a business at all? Absolutely not. I believe that your business can be an outstanding success, if you approach it in the right way, avoid repeating previous mistakes and impose discipline o...
Read more

The Strategic Planning V3

The words "strategic planning" send chills down the spine of most reasonable people. That's due in part to less than positive experiences in a process that was called "strategic planning." Given the option of watching paint dry or engaging a strategic planning process, most would choose the former. Consultants like me share a significant degree of the blame for this reality. Many of us have made an abomination out of a process that reasonably should invigorate, energize, and inspire leadership teams of nonprofit organizations and businesses alike. The Problem The problem, at least in part is that strategic planning has been marketed as an event. You have an offsite kumbaya gathering of the executive leadership to do strategic planning. You meet for a day or perhaps two and at the end of it you emerge with an extensive work of art called a "strategic plan." Most often it promptly gets forgotten and there is little if any follow through on the conversa...
Read more

The Goal of BSC for Strategic Level Planning

What is the role of BSC for strategic level methodologies of organizations? Before we will be able to answer that, let's take a short trip down to memory lane first. A balanced scorecard is a measurement framework that is used to track an organizations performance. Drs. Kaplan and Norton first brought up the idea in 1996 and has since become a sensational tool that in fact, an average of at least 50% of companies all over the world has learned to utilize them. It should not come as a surprise if sooner or later, all organizations will adopt this trend. I do agree when people say that there are a lot of business terms and sometimes, there is just no way to memorize them all. I am not saying that it is for that reason that the BSC for strategic level is standardized, but you have to admit that remembering three simple terms that will enable you to sum up all your goals and utilize your BSC for strategic level methodology purposes optimally. These three terms are: -Corporate level ...
Read more