THOUGHT FOR THE DAY

Business

"A culture of discipline is not a principle of business; it is a principle of greatness."

Jim Collins

TOPIC OF THE DAY

Business Strategy

A full statement of a selected business strategy is a business plan defining:

* the company vision
* the strategy and tactics that will enable the company to reach those
objectives
* the resources required, and how they are going to be obtained;
* what the main milestones and steps are along the way;
* who is responsible for causing each step to occur;
* what are the company's business risks and external factors that need to be kept under review for indications that a change in strategy or plan may be required.


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