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Strategic Planning
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Marketing a Thriving Business for Succession – Best Dollars Ever Spent
In this article I am not speaking to the new business owner; I am writing for the business owner who is well established, and seeking a successful succession plan upon retirement. If you want your firm to be known as an established value, worthy of a buy in, buy-out or merger, you need to dress it in the equivalent of elegant, custom-tailored suits.
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Executive Brief: Pandemic Preparedness Planning
Influenza preparedness is different from other types of emergency or disaster planning and preparedness because it requires us to fortify and protect an entire system, not just a project or a task.
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5 Tips for Using Critical Thinking for Business Success
Any aspect of your life – most especially your work, business, or career – can benefit from critical thinking. You just need to practice it constantly.
What is Critical Thinking?
The mind thinks in different ways. It can be influenced by various factors as well, and in the matter of relationships, for instance, what the heart says usually overwhelms what the mind suggests.
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What Is Your Plan?
To some extent, we all multi-task and have numerous responsibilities that can, at times, seem overwhelming. The key is to learn how to manage the responsibility by planning for it. Believe it or not, day to day activities are less stressful when you implement a plan.
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One Key to Strategic Planning is to Confront Your Assumptions
Strategic planning is designed to help companies go beyond surviving to thriving. However, there are certain dangerous assumptions that can take any company down the wrong path. Read a story that may help you explain how those assumptions actually work.
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Is Your Strategy Wrong?
If you are not using the 80/20 Principle to control your strategy, your strategy is more than likely wrong. You may not have an accurate picture of where you make, and lose, the most money.
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Opening A Dollar Store - Tips Regarding Low Profit Merchandise
One of the biggest challenges that faces the entrepreneur who is opening a dollar store is making a profit on the tight margins found with many products. In fact, almost all of the day-to-day necessities are in huge demand, yet they come with very little profit. The smart store owner knows that the balancing act between demand and cost requires constant attention.
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Asset Management in the Supply Chain
Over the last decade more and more companies have implemented returnable and reusable
transit packaging fleets and pools, whether it is pallets, tote bins, steel stillage, cages or even
wooden crates. What is guaranteed is that these fleets require a capital investment, (whether
directly or by a fleet / pool provider), and should be protected as you would any other
company asset.
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Business Growth - Exploring Growth Outside The Core
Golf ranks as one of the most brutal and demanding markets in the sports business. So, despite its fabled swoosh, Nike was regarded as an amateur when it decided in 1995 to branch out from shoes to golf apparel, balls, and equipment. Four years later, however, Nike had scored priceless marketing victories – not once, but three times running.
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Why Strategic Planning is Important Even for Small Businesses
Small business owners mistakenly believe that the size of their business negates the need for strategic planning but the opposite is actually true. Its inherent size is actually what makes strategic planning more important because it can be means for a small business to gradually evolve into a huge and thriving multinational corporation.
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Seven Strategic Actions To Deal With Change And Uncertainty In Business And Life
Dealing with and handling change and uncertainty is one of the major challenges each of us faces in today’s world. And we face it in our business and personal lives. It can be said that change and uncertainty arrive together and that most people find it much more difficult to manage and endure ambiguity and waiting than to deal with changes as they happen. And, in my opinion, on thing is certain – each of us will face some type of change and uncertainty at multiple times during our life. So, what are some strategic actions we can take to deal with this change and uncertainty? Your Strategic Thinking Business Coach researched this question and developed seven (7) strategic actions to recommend dealing with change and uncertainty in business and life.
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