Recently, I was left in awe at how some of the world's best athletes dedicate years of their lives to honing their skills, sacrificing immense amounts of time that could be spent on other, potentially more enjoyable, things. It goes without saying, that an immense amount of meticulous planning and management goes into preparing for a chance to stand at the top of the … [Read more...]
In this article, we will take a leisurely stroll through the strategic planning process. This includes the model most used in textbooks and courses on corporate strategy. The strategic planning process consists of the following steps: Vision Statement Mission Statement Corporate Goals Corporate Strategy Metrics Vision Statement A vision statement is a … [Read more...]
Corporate Strategy refers to the methods with which an organization achieves its goals. In the world of corporate strategy, the development of strategy is the third in a three step process, in this order: Corporate vision defines the state the organization wants to be in over the long term. Corporate goals define the metrics to which the company wishes to strive, … [Read more...]
