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

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.

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

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

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 246
article thumbnail

Step 1 to becoming a business-savvy CIO

CIO

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. The IT project delighted everyone.

Banking 278