Wednesday, August 17, 2011

THOUGHT FOR THE DAY

Strategy

“Change is not a destination, just as hope is not a strategy. ” - Rudy Giuliani

TOPIC OF THE DAY

How to Create a Strategy: a Case Study

Clients often tell me they're not really clear about the concept of Strategy. It's a lot easier than you might think. Strategy is one of the steps in the planning process and cycle. The sequence in the business planning process is Vision, Mission, Goals, Strategy.

Vision is where you start and is the most abstract. Once clarified it become the guiding light toward which all your activities will be directed. Your Mission is what you do in your business to carry out your Vision. Goals are specific measurables that define what will exist when you've realized your Vision. The Strategy step is the thinking through of how you will achieve those Goals.


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