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Crisis Management in the Digital Age: Lessons for 2024’s Unpredictable Economy

N2Growth Blog

Digital technology has become a guiding light in these uncertain times, taking on a more prominent role in companies’ strategic plans. Technology, therefore, is not merely a convenient tool but an essential commodity that requires strategic allocation and management in the modern business landscape.

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Understanding the Principles of Strategic Planning

thoughtLEADERS, LLC

Learn about the three principles of strategic planning and how they can focus your efforts. What is a strategic plan, and why is it important? A strategic plan defines what your organization stands for. It defines the market where you compete and how you compete in that market.

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Welcome to Strategic Planning 2.0

N2Growth Blog

As a strategy consultant, I have had the opportunity to review a lot of strategic plans over the years. It’s been truly amazing to discover just how many major organizations develop strategic plans that contain little more than a whole lot of budget estimates and revenue projections. Strategic Planning 2.0

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How frequently do you update your strategic plan?

thoughtLEADERS, LLC

Our reader poll today asks: How frequently do you update your strategic plan? We refresh more than once per year—13% We update it annually—43% We update every couple of years—19% We rarely refresh it—12% What’s a strategic plan?—13% —13% Regular strategy review.

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Strategic Planning: How to Conduct a SWOT Analysis

thoughtLEADERS, LLC

When strategic planning, a SWOT helps you define your business strengths, weaknesses, opportunities, and threats. As far as opportunities and threats, they can either be internal or external market-facing opportunities and threats. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.

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Half-Life of a Strategic Plan

CO2

A dear friend of mine came over a few months ago for a glass of wine and asked me, “What’s the half-life of a strategic plan ?” ” Why is it that strategic plans start to lose their value so quickly? How can leaders boost the half-life of their strategic plans? by Gary Cohen.

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How to strategically plan for your business’s future

Strategy Driven

Business planning can save time and money in the long run. Sharing your business plan with your employees can help to direct and motivate them as well. A business plan should be a flexible and dynamic template that changes with the industry. Say goodbye to your static method, and hello to a continuous business planning cycle.