article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The New Age of Operations: Modern COO Search Strategies by N2Growth

N2Growth Blog

Today’s COO wears many hats and is instrumental in executing corporate strategy, fostering innovation, driving technological integration, and steering the company toward its goals with insightful leadership. Thus, empathy and inclusive leadership have emerged as indispensable traits in the modern COO’s repertoire.

article thumbnail

Step 1 to becoming a business-savvy CIO

CIO

Business alignment is often heralded as a key tenet of successful IT strategies. Popular ways of ensuring IT efforts align with business goals range from co-developing strategic plans with executives on the business side of the company to actively collaborating with business users on projects aimed to derive more value from their efforts.

Banking 265
article thumbnail

Navigating the future: the rise of SD-WAN in India

CIO

The expert predicts a substantial majority of Indian enterprises adopting SD-WAN within the next three years, showcasing the technology’s robust growth in the market. Strategic Considerations for SD-WAN Implementation For organizations in India contemplating SD-WAN adoption, meticulous planning is imperative.

WAN 244
article thumbnail

7 ways an MBA will advance your IT career — and 5 ways it won’t

CIO

By acquiring a broader perspective, MBA-equipped IT leaders typically gain a better understanding of all the critical elements that go into running a business, including finances, creative marketing, and working in cooperation with HR. How much higher depends on many factors, including the enterprise’s size, market, and value.

article thumbnail

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.