The document outlines a small business strategy development process. It begins with understanding the current situation, analyzing internal and external factors, deciding on a strategy, and taking action. A SWOT analysis and consideration of goals, objectives, strategies, and action items are key parts of the planning process. Regular monitoring and updates are needed as strategies can fail due to a lack of focus, inaccurate information, or not adapting to changes.
Business Development And Operational Plan PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Business Growth And Development Plan Powerpoint Presentation SlidesSlideTeam
Showcase the steps to accomplish your long-term and short-term goals with the Business Growth And Development Plan PowerPoint Presentation Slides. The company can present the financial highlights covering turnover, net assets, and EBITA, by using the corporate growth plan PPT visuals. The business growth templates contain a business overview, financial highlights of the company, product and services offered, revenue streams, growth strategies, risk mitigation plan, and so on. You can add detailed information about various products and services offered to the customers by using our business growth plan PowerPoint infographics. It is possible to present different revenue streams by easily editing the slides. Our content-ready corporate strategies PowerPoint slideshow helps you to depict the SWOT analysis to analyze the strengths, weaknesses, threats, and opportunities of the company. analyzes external and internal factors that can affect your organization’s performance. Showcase the types of mergers, acquisitions, and joint ventures that the company will adopt to grow their business with the help of business growth plan PowerPoint themes. Showcase your business performance covering revenue, gross profit, and customer satisfaction by downloading our easy to use business development plan PPT slideshow. https://bit.ly/32jY3ow
Prosci Webinar - How to Integrate Change Management and Project ManagementProsci ANZ
For changes to deliver results and outcomes, structured approaches are needed for both the technical side of the change (through project management) and for the people side of the change (through change management). The technical side ensures that solutions are designed, developed and delivered effectively. The people side ensures that the solution is embraced, adopted and used proficiently. These two complementary disciplines share a common objective - to improve the performance of the organisation by implementing a change. However, bringing these two disciplines together can sometimes be challenging. This webinar looks at how to integrate change management and project management across five dimensions to deliver benefit realisation and a unified value proposition for change.
[To download this presentation, visit: https://www.oeconsulting.com.sg/training-presentations]
Organizations need strategic planning because the world changes constantly. It is foolhardy and unrealistic to assume that economic conditions, consumer needs and expectations, competition in the marketplace, or a host of other factors will remain the same for two, three or five years into the future.
Insights from strategy consultants such as McKinsey and Gartner have revealed that although strategic planning is a basic business practice, many organisations are struggling to make it work--the results often fail to meet expectations.
Moreover, our research and experience have found that most strategic planning processes are poorly conceptualised and poorly executed; the process is often not very creative, and it is tactical rather than strategic in nature; and the so-called strategic plan rarely impacts the day-to-day decisions made in the organization.
To be successful, a strategic planning process should provide a template against which all such decisions can be evaluated.
What this guide will focus is not so much on "strategy tools," but a step-by-step systematic approach to strategic planning. The strategic planning process presented consists of eight sequential steps to guide organizational leaders and key stakeholders to plan and create its future. The Eight Steps of Strategic Planning include:
- Step 1: Plan the Planning Process
- Step 2: Define Shared Values and Mission
- Step 3: Analyze the Current Organizational Profile
- Step 4: Create an Inspiring Vision
- Step 5: Compare Current to Envisioned Organization
- Step 6: Develop Strategies, Objectives and Plans
- Step 7: Execute Action Plans
- Step 8: Monitor Results and Make Improvements
This comprehensive Strategic Planning PPT training presentation provides a model for transforming organizations and contains seven ingredients that are necessary for such transformations; that is, the strategic planning:
- Is future focused
- Is leadership driven, not leader driven
- Provides for a high level of organizational involvement
- Produces a plan that is widely understood and accepted
- Produces a plan that is comprehensive and detailed
- Is a model that can be rigorously applied
- Provides the energizing force to drive the transformation
As a process guide, the steps presented offer a unique and powerful approach to strategic planning. The steps and/or sub-steps may be adapted to suit the specific needs and desires of the organization.
LEARNING OBJECTIVES
1. Acquire knowledge on the key concepts and principles of strategic planning
2. Describe the eight-step strategic planning process and the key frameworks and tools
3. Define the key factors for successful strategic planning
CONTENTS
1. Key Concepts and Principles of Strategic Planning
2. Strategic Planning Process: The Eight-step Strategic Planning Model
3. Key Strategy Frameworks and Tools
4. Strategic Planning Best Practices
Business Development And Operational Plan PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Business Growth And Development Plan Powerpoint Presentation SlidesSlideTeam
Showcase the steps to accomplish your long-term and short-term goals with the Business Growth And Development Plan PowerPoint Presentation Slides. The company can present the financial highlights covering turnover, net assets, and EBITA, by using the corporate growth plan PPT visuals. The business growth templates contain a business overview, financial highlights of the company, product and services offered, revenue streams, growth strategies, risk mitigation plan, and so on. You can add detailed information about various products and services offered to the customers by using our business growth plan PowerPoint infographics. It is possible to present different revenue streams by easily editing the slides. Our content-ready corporate strategies PowerPoint slideshow helps you to depict the SWOT analysis to analyze the strengths, weaknesses, threats, and opportunities of the company. analyzes external and internal factors that can affect your organization’s performance. Showcase the types of mergers, acquisitions, and joint ventures that the company will adopt to grow their business with the help of business growth plan PowerPoint themes. Showcase your business performance covering revenue, gross profit, and customer satisfaction by downloading our easy to use business development plan PPT slideshow. https://bit.ly/32jY3ow
Prosci Webinar - How to Integrate Change Management and Project ManagementProsci ANZ
For changes to deliver results and outcomes, structured approaches are needed for both the technical side of the change (through project management) and for the people side of the change (through change management). The technical side ensures that solutions are designed, developed and delivered effectively. The people side ensures that the solution is embraced, adopted and used proficiently. These two complementary disciplines share a common objective - to improve the performance of the organisation by implementing a change. However, bringing these two disciplines together can sometimes be challenging. This webinar looks at how to integrate change management and project management across five dimensions to deliver benefit realisation and a unified value proposition for change.
[To download this presentation, visit: https://www.oeconsulting.com.sg/training-presentations]
Organizations need strategic planning because the world changes constantly. It is foolhardy and unrealistic to assume that economic conditions, consumer needs and expectations, competition in the marketplace, or a host of other factors will remain the same for two, three or five years into the future.
Insights from strategy consultants such as McKinsey and Gartner have revealed that although strategic planning is a basic business practice, many organisations are struggling to make it work--the results often fail to meet expectations.
Moreover, our research and experience have found that most strategic planning processes are poorly conceptualised and poorly executed; the process is often not very creative, and it is tactical rather than strategic in nature; and the so-called strategic plan rarely impacts the day-to-day decisions made in the organization.
To be successful, a strategic planning process should provide a template against which all such decisions can be evaluated.
What this guide will focus is not so much on "strategy tools," but a step-by-step systematic approach to strategic planning. The strategic planning process presented consists of eight sequential steps to guide organizational leaders and key stakeholders to plan and create its future. The Eight Steps of Strategic Planning include:
- Step 1: Plan the Planning Process
- Step 2: Define Shared Values and Mission
- Step 3: Analyze the Current Organizational Profile
- Step 4: Create an Inspiring Vision
- Step 5: Compare Current to Envisioned Organization
- Step 6: Develop Strategies, Objectives and Plans
- Step 7: Execute Action Plans
- Step 8: Monitor Results and Make Improvements
This comprehensive Strategic Planning PPT training presentation provides a model for transforming organizations and contains seven ingredients that are necessary for such transformations; that is, the strategic planning:
- Is future focused
- Is leadership driven, not leader driven
- Provides for a high level of organizational involvement
- Produces a plan that is widely understood and accepted
- Produces a plan that is comprehensive and detailed
- Is a model that can be rigorously applied
- Provides the energizing force to drive the transformation
As a process guide, the steps presented offer a unique and powerful approach to strategic planning. The steps and/or sub-steps may be adapted to suit the specific needs and desires of the organization.
LEARNING OBJECTIVES
1. Acquire knowledge on the key concepts and principles of strategic planning
2. Describe the eight-step strategic planning process and the key frameworks and tools
3. Define the key factors for successful strategic planning
CONTENTS
1. Key Concepts and Principles of Strategic Planning
2. Strategic Planning Process: The Eight-step Strategic Planning Model
3. Key Strategy Frameworks and Tools
4. Strategic Planning Best Practices
“You can download this product from SlideTeam.net”
Presenting this set of slides with name 30 60 90 Day Sales Action Plan. This is a three stage process. The stages in this process are 30 Day Plan, 60 Day Plan, 90 Day Plan. This is a completely editable PowerPoint presentation and is available for immediate download. Download now and impress your audience. https://bit.ly/3aYUFnr
Annual Report For Business Plan PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Annual Report For Business Plan PowerPoint Presentation Slides. This complete deck is oriented to make sure you do not lag in your presentations. Our creatively crafted slides come with apt research and planning. This exclusive deck with fourty slides is here to help you to strategize, plan, analyse, or segment the topic with clear understanding and apprehension. Utilize ready to use presentation slides on Annual Report For Business Plan PowerPoint Presentation Slides with all sorts of editable templates, charts and graphs, overviews, analysis templates. It is usable for marking important decisions and covering critical issues. Display and present all possible kinds of underlying nuances, progress factors for an all inclusive presentation for the teams. This presentation deck can be used by all professionals, managers, individuals, internal external teams involved in any company organization.
Prosci Methodology Overview: An Integrated Approach to Deliver ResultsProsci ANZ
Methodologies provide structure and purpose to a discipline. A change management methodology provides an intentional approach for managing the people side of a project or initiative. This webinar presents Prosci's Change Management Methodology. In the webinar, learn about the Prosci ADKAR® Model for individual change management and the Prosci 3-Phase Change Management Process for organisational change management. Learn how the fusion of individual and organisational change management is necessary to drive project results and outcomes.
Business Strategy & Alignment to Project ManagementJonathan Donado
Strategy for Project Manager. It explains:
1. What is Business Strategy?
- History: the word Strategy
- Why Strategy Fails?
- Strategy Drivers (Business Model)
2. Alignment of Strategy to Project Management
- The role of a PMO Office in a corporation
3. Questions asked by Project Managers in relation to business strategy
The presentation provided on March 23rd to a joint event organized chapters in Chicago of the Project Management Institute (PMI) and the Association for Strategic Planning (ASP).
Presentation by Jonathan Donado
MBA - IESE
Senior Executive Fellows (SEF) - Harvard University
Connect with me on Twitter @donadosays
Strategy / Strategic Planning / SWOT / Business / PMI / PMP / Project Management
Business Plan, Business strategies, marketing plan, marketing strategies, sales plan, sales strategies, executive summary, competitors, small business plan, budget, forecast, business analysis, operations, personnel, mission, vision, jose cintron mba, mba4help.com
The First 100 Days: A Planning Framework for the CEOMichael Cairns
New CEO's are frequently asked to provide a 100 day plan during an interview process. This is one example as to how I have approached this task. Read my blog post at Personanondata.com
Email if want a download copy: michael. cairns @ outlook.com
This is a Portfolio Management Proposal for a board level meeting. Used to gain leverage from senior stakeholders to changes in a portfolio of IT projects and programmes. Narration not included.
Are your measures strategic? Are you measuring the right things to make sure your organization is strategically successful? Top-down versus bottoms up tracking.
S&OP Framework and Case Study (PlayStation) Presented at the Business Forecasting and Predictive Intelligence Summit. San Francisco October 17th -18th 2013
Learn the fundamentals of business development and become a star business developer with this deck. Topics include securing media coverage, knowing the competitive landscape, and closing deals. Slides from The Business of Business Development, a class taught by BzzAgent CEO, Dave Balter, at Boston's Intelligent.ly campus.
“You can download this product from SlideTeam.net”
Presenting this set of slides with name 30 60 90 Day Sales Action Plan. This is a three stage process. The stages in this process are 30 Day Plan, 60 Day Plan, 90 Day Plan. This is a completely editable PowerPoint presentation and is available for immediate download. Download now and impress your audience. https://bit.ly/3aYUFnr
Annual Report For Business Plan PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Annual Report For Business Plan PowerPoint Presentation Slides. This complete deck is oriented to make sure you do not lag in your presentations. Our creatively crafted slides come with apt research and planning. This exclusive deck with fourty slides is here to help you to strategize, plan, analyse, or segment the topic with clear understanding and apprehension. Utilize ready to use presentation slides on Annual Report For Business Plan PowerPoint Presentation Slides with all sorts of editable templates, charts and graphs, overviews, analysis templates. It is usable for marking important decisions and covering critical issues. Display and present all possible kinds of underlying nuances, progress factors for an all inclusive presentation for the teams. This presentation deck can be used by all professionals, managers, individuals, internal external teams involved in any company organization.
Prosci Methodology Overview: An Integrated Approach to Deliver ResultsProsci ANZ
Methodologies provide structure and purpose to a discipline. A change management methodology provides an intentional approach for managing the people side of a project or initiative. This webinar presents Prosci's Change Management Methodology. In the webinar, learn about the Prosci ADKAR® Model for individual change management and the Prosci 3-Phase Change Management Process for organisational change management. Learn how the fusion of individual and organisational change management is necessary to drive project results and outcomes.
Business Strategy & Alignment to Project ManagementJonathan Donado
Strategy for Project Manager. It explains:
1. What is Business Strategy?
- History: the word Strategy
- Why Strategy Fails?
- Strategy Drivers (Business Model)
2. Alignment of Strategy to Project Management
- The role of a PMO Office in a corporation
3. Questions asked by Project Managers in relation to business strategy
The presentation provided on March 23rd to a joint event organized chapters in Chicago of the Project Management Institute (PMI) and the Association for Strategic Planning (ASP).
Presentation by Jonathan Donado
MBA - IESE
Senior Executive Fellows (SEF) - Harvard University
Connect with me on Twitter @donadosays
Strategy / Strategic Planning / SWOT / Business / PMI / PMP / Project Management
Business Plan, Business strategies, marketing plan, marketing strategies, sales plan, sales strategies, executive summary, competitors, small business plan, budget, forecast, business analysis, operations, personnel, mission, vision, jose cintron mba, mba4help.com
The First 100 Days: A Planning Framework for the CEOMichael Cairns
New CEO's are frequently asked to provide a 100 day plan during an interview process. This is one example as to how I have approached this task. Read my blog post at Personanondata.com
Email if want a download copy: michael. cairns @ outlook.com
This is a Portfolio Management Proposal for a board level meeting. Used to gain leverage from senior stakeholders to changes in a portfolio of IT projects and programmes. Narration not included.
Are your measures strategic? Are you measuring the right things to make sure your organization is strategically successful? Top-down versus bottoms up tracking.
S&OP Framework and Case Study (PlayStation) Presented at the Business Forecasting and Predictive Intelligence Summit. San Francisco October 17th -18th 2013
Learn the fundamentals of business development and become a star business developer with this deck. Topics include securing media coverage, knowing the competitive landscape, and closing deals. Slides from The Business of Business Development, a class taught by BzzAgent CEO, Dave Balter, at Boston's Intelligent.ly campus.
Social business or social enterprise needs careful planning. This slide series was developed and presented for the Social Business Launch Pad seminars by William P. Kittredge, PhD. The Social Business Launch Pad is a joint education seminar series co-sponsored by the Yunus Center at AIT and the Thai Social Enterprise Office http://www.tseo.or.th/
Sm 11 part_02_03
Strategic Management course version 11
Strategic management in any organization is important as it provides overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans.
Video on YouTube:
video 01
https://youtu.be/alh6O6Q_9sc
video 02
https://youtu.be/b2UwGeOTEX0
video 03
https://youtu.be/R7K0W3yinLo
This presentation shows 5 basic Google marketing tools for small businesses and nonprofit organization. Prepared by #OhioBusinessHelp.com and Rob Bunting of CIG
This marketing plan template was developed as a marketing tool for small businesses and nonprofit organizations to create successful marketing campaigns. Online or telephone assistance can be obtained using the enclosed links. In person consulting is available in the Dayton area.
A more complete slide presentation is available by request to art@ohiobusinesshelp.com
A workshop designed for small non-profit organizations to help them use online marketing to increase donations, attract Board Members and Volunteers. Audience targeting, developing compelling messaging, and selecting the right media are demonstrated in this presentation. A template is provided to be used as an aid to implementing effective online marketing. Contact Art@ohiobusinesshelp.com
Marketing methods for nonprofit organizations of all types to build effective relationships with donors, volunteers, and clients. Addresses how to create effective social media, email, and web-based marketing programs at low cost and time requirements.
Slides produced for a workshop on measures to use to protect your computer and system security. By Computer Troubleshooters, Dayton, Ohio. February 15, 2014
An orientation to internet based marketing for small business owners. Topics addressed include building a website, good website design practices, website search engine optimization, use of google SEO, and social media marketing. This is the first of a series of 5 workshops. Contact b2bplanner for more information.
This is an orientation workshop for web-based marketing which includes web design, search engine optimization, SEO, and Social Media networks. The presentation is aimed to help small businesses effectively use the internet to grow their business.
Low Temperature Plasma Coating of Silica Powder and Polymer MembranesB2BPlanner Ltd.
Nanocoating for silica powder and polymer membranes using low temperature plasma in a vacuum to modify hydrophobicity. Capabilities of Ecosil Technologies LLC.
An orientation workshop presentation for people new to digital marketing. The first of a series of 5 workshops on web-based marketing. Contact me for worksheets on this workshop and other materials. www.ohiobusinesshelp.com
Sales and marketing manager in Dayton and Cincinnati area of Ohio. Experience in business to business sales in manufacturing and chemical industries. Leadership and management skills. Bachelors and Masters degrees in engineering, MBA, and Registered Professional Engineer.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Memorandum Of Association Constitution of Company.ppt
Simple Small Business Strategic Planning Tool
1. Small Business Strategy
Development Process
Understand
Understand
Analyze
Analyze
Decide
Act
Decide
Act
2. Art Helmstetter
“Large and Small Business”
Managing Director, B2B Planner Ltd.
Small Business Development
Director Global Planning and Marketing
Quaker Chemical Corporation
Strategic Planning
Business Management
25 consecutive years achieving profit goals
Started up four businesses
Two start ups survive today
Grew two other businesses from 0 to over $25 MM
Education
MBA, BS & MS Engineering,
3. “If you don't know where you are going, any
road will get you there.”
Lewis Carrol, Alice in Wonderland
“I can't change the direction of
the wind, but I can adjust my
sails to reach my destination.”
Jimmy Dean
4. Strategy Development
Agenda
• The case for strategy development.
• Why small businesses don’t plan.
• Need to respond to a rapidly changing world
• A planning model for today
• Key Elements of Planning
– Internal Factors
– External Factors
– SWOT Analysis
• Planning Tools and Templates
• The Simple Steps Model
5. The Brutal Facts
1. Nothing you do will 100% guarantee success
2. Planning can greatly improve your chance of success
3. Not planning WILL greatly increase your chance of
failure
This is confirmed by the large number of companies
without business plans that fail within 5 years
6. Definition of Strategy
Development
A business’s process of
• defining its strategy and direction,
• and making decisions on allocating its
resources including its capital and people.
Keep It Simple by answering three questions:
• "What do we do?"
• "For whom do we do it?"
• "How do we beat the competition?”
7.
8. We Live in a “Hyper”
World
• Hyper-competitive market
– Global competition
– Excess capacity in the US
• Hyper-Speed of Change
– Accelerating technology development
– Digital speed of operation
• Hyper-Uncertainty
– Changing economy
– Changing government intervention
9. Why Businesses Don’t
Do A Strategic Plan?
What’s Your Reason?
No one makes you
“Too expensive”
Takes too much time
Can’t get the information
Don’t know how
Doesn’t work
Is not fun
10. Planning Is NOT a Do It
Yourself Process
• You don’t do it often
• You need a process
• It takes time
• You need perspective
and objectivity
• It takes research
11. Who Can Help?
• Advisory Committee
• Trained Staff Member
• SCORE Mentor
• Sole Practitioner
• Large Consultant
But YOU must OWN the process!
12. A Plan Is the Conclusion
of Strategy Development
Strategic Thinking
What Might Happen
Options
Strategic Decision Making
What Will We Do Decisions
Strategic Planning Business
How Will We Do It Plan
13. Alternate Business Planning Models
Serial Planning Model For Stable Conditions
Business
Strategic Plan Budget
Plan
14. Alternate Business Planning Models
Dynamic Planning Model for Changing Conditions
Both models use similar elements and analyses, but the process is very different.
15. Alternate Business Planning Models
Dynamic Planning Model for Changing Conditions
Customer External
Behavior Factors
Strategic Thinking
and Analysis
Business Plan Internal
and Budget Capabilities
Both models use similar elements and analyses, but the process is very different.
17. Traditional
Market Research
• Market Size
• Growth Potential
• Customer Needs and Wants
Buyer Behavior
Preferences
• Competitive Intelligence
18. Simplified
Market Research
Focus on your “addressable” microcosm
Focus on YOUR customers
What do your customers really buy from you?
Buyer Behavior
Preferences
Find the common characteristics
Can you sell your customers different things?
Who do your customers compete with?
Can you sell to them?
Focus on YOUR competitors
19. Customers:
Who Buys from You
Demography
Occasional Geography
Buyers
Where
Does Your
business
come from?
Repeat Consumers
Buyers
Businesses
20. Customers:
Segmentation
Dividing the market into groups
Product they use How they use product When and where used
Use a segmentation dimension
Industrial Commercial Consumer
Identify underserved, high value groups
Income Career or Industry Current Product Use
Use common elements to select products and marketing
21. Simplified
Competitor Research
Focus on YOUR market
Google ‘em
Visit their website
Search in directory listings
BUT ALWAYS BE ETHICAL!
Yellow pages digital and print.
Google and Yahoo local
Angie’s List
Check out their reviews
Talk to their customers, employees,
suppliers and competitors
22. Supply or Value Chain
Determine your position in the value chain
How far are you from the final user
Produce
Make Assemble Sell Service
Raw
Material
Parts Product Product Product
23. Five Forces of
Competitive Intensity
New
Entrants
Supplier Competitive Buyer
Power Rivalry Power
Product
Technology
24. Focus Your Actions
Based on your SWOT
Internal External
Strengths Opportunities
Manufacturing New Markets
Positives
Innovation New Application
Marketing/sales New Technology
Weaknesses Threats
Barriers
Cost Competition
Marketing/sales Economy
Staff skills New Technology
26. Focus Your Actions
Based on your SWOT
Internal Factors
Strengths Weaknesses
Opportunities Threats
Confront Avoid
External Factors
Exploit Search
27. Actions To Grow
Market • Increase reach in existing
Expansion • Find new markets
Product • New business w/customers
Expansion • New products
• Products
Innovation • Application
• Processes
28. Actions to Improve
Performance/Efficiency
• Credit Policy
Financial • Pricing
• Capital investment
Operations • Improve processes
• ERP systems
IT • Web based sales, marketing
• Rewards & recognition
HR • Capability building
29. FOCUS on 1-2 Goals
Goal 1:
Strategy 1:
Implement the
Timeline:
Team ________________________________________________________________
________________________________________________________________
Action Items:
_________________________________________________________________________________________________________
Timeline:
_________________________________________________________________________________________________________
Timeline:
TASK WHO BY WHEN
Resources needed
____________________________________________________________________________
____________________________________________________________________________
Enabling factors/barriers
____________________________________________________________________________
____________________________________________________________________________
RESULTS:
__________________________________________________________________________________________________________________
______________________________________________________________________________
30. Eight Strategic Measures
to Monitor and Update
1. Executive
Summary
8. Champions 2. Goals
7. Time Lines 3. Objectives
6. Outcomes/Results 4. Strategies
5. Action items
32
32. Why Strategies Fail
• LACK OF STRATEGIC FOCUS
• Inaccurate or biased intelligence gathering
• Failure to identify weaknesses and threats
• The strategy is a poor fit between the external
environment and an organizations' resources
• Overly optimistic about resources and abilities
• Inadequate support of others
• Lack of discipline to follow the plan
• Not making timely adjustments when needed
34
33. Focus on the Future
• Commit to writing a strategy and plan.
• Use a proven process, and
• An experienced person to facilitate the process.
• Meet with that person monthly to follow up on
the strategy and plan
34. Now Go for a Ride
Steer
Pedal
Balance
Look Ahead
37. Current Situation
Traditional Model
Maturity
Start-up Initial Rapid
Growth Expansion
Stability
Yesterday’s Paradigm
Slow Pace (Years)
Survival Decline Many Opportunities
Subtle Impact
Specialization (Isolation)
Agriculture Based Economy
Product Based Economy
Services Based Economy
Worksheet
Current Situation (Position)
38. Current Situation
Emerging Model
Development
Defense Start-up Offense
Decline Compete
Survival Grow
Recovery Expansion
Tactical Strategic
Shaped Shaping
Today’s Paradigm
Hectic Pace (Months)
Few Opportunities
Volatile Impact
Diversification (Collaboration)
Experienced Based Society
39. Welcome to the Experience
Driven Economy
Experience Loyal Consumers
(Unprecedented Consumer Mix)
Digital Customers
(Connected, Online and Influenced)
Interactive Communications
(Not Just One-way Advertising)
Customer Relationships Experience
(Not Just a Sale) Driven
Economy
Hectic Pace
(Immediate not prolonged)
Limited Opportunities
(To Succeed or Fail)
Volatile Impact
(Business Outcomes)
Diversification
(Not specialization)
Collaboration
(Not isolation)
40. Small Business Size, Scope
and Type of Business
Entrepreneur
1-5 Business Change Cycles
At each of these levels,
Vertical businesses go through
Market Business significant transition in
Group 6-25 several key areas.
Vertical Local Employees
Business Company Neighborhood Organization
Segment 26-125 Investment
Doctor’s
Revenues
National Cash flow
Office Regional Expenses
Corporation
Offerings
126-500
Hospital Facilities
Healthcare Virtual Resources
Global Systems
Enterprise Processes
500 Above
NAICS Classification Code:
www.census.gov/epcd/www/naics.html
41. Current Situation
Development – Start Up
Need (Pending motive)
Desire (Feasibility)
Ability (Qualification)
Timing (Opportunity)
Action (Start-up)
Simple Steps to Starting a Business
Establish a viable for-profit business or non-profit organization
42. Simple Steps to Starting a
Business - Start-up Track
Step 1: Awareness Advantage SCORE . . .
(Concept/Interest) Integrated Business Performance Solutions
Simple Steps Workshop Series
Step 2: Awareness Integrated or Segmented Track
(Personal Qualification)
Scheduled (Open) Workshops
Combined Track
Step 3: Evaluation
(Business Feasibility) Aligned Mentoring
Business Start-up Coaching
Step 4: Commitment
SCORE Resources (Network)
(Decision/Funding)
Step 5: Implementation
(Preparation/Launch)
Worksheet Worksheet
Business Development Qualification and
Decision Process Feasibility Guide
43. Current Situation
Recovery – Tactical
Shaped by Marketplace
Disrupted by Industry
Majority and Laggards
Declining or Survival
Involuntary Disruption
Simple Steps to Business Recovery
Need to move the business out of the current situation
44. Simple Steps to Recovery
Defense Track- Tactical
Step 1: Awareness
(External Perspectives) Advantage SCORE . . .
Integrated Business Performance Solutions
Step 2: Discovery Simple Steps Workshop Series
(Internal Insights) Integrated or Segmented Track
Step 3: Evaluation Scheduled (Open) Workshops
(Sustainable Business Model) Combined Track
Isolate Challenges
Aligned Mentoring
Business Recovery Coaching
Step 4: Commitment
(Solution Recommendations)
SCORE Resources (Network)
Prioritize Initiatives
Step 5: Implementation
(Execute and Management)
Step 6: Measurement
(Measure Results and Repeat) Worksheet
Business Recovery
45. Current Situation
Voluntary Transition
Shaping Marketplace
Disrupting Industry
Innovators/Early Adaptors
Competing Aggressively
Steady Growth
Voluntary Evolution
Simple Steps to Business Expansion
Want to move the business to the next level
46. Simple Steps to Expansion
Offense - Strategic
Step 1: Awareness
(External Perspectives) Advantage SCORE . . .
Integrated Business Performance Solutions
Step 2: Discovery
(Internal Insights) Simple Steps Workshop Series
Integrated or Segmented Track
Step 3: Evaluation Scheduled (Open) Workshops
(Sustainable Business Model) Combined Track
Isolate Challenges
Aligned Mentoring
Step 4: Commitment Business Expansion Coaching
(Solution Recommendations)
Prioritize Initiatives SCORE Resources (Network)
Step 5: Implementation
(Execute and Management)
Step 6: Measurement Worksheet
(Measure Results and Repeat) Business Transition
47. Common Concepts –
Different Execution
Development Defense Offense
Start-up Track Recovery Track Expansion Track
Entrepreneur (BP) DNA Business Operations DNA Business Performance DNA
Leadership Priorities (Balance) Leadership Balance (Priorities) Leadership Balance (Priorities)
Start-up Leadership Alignment Recovery Leadership Alignment Transition Leadership Alignment
Development Process (5 Steps) Recovery Process (6 Steps) Transition Process (6 Steps)
Development Challenges Survival Challenges Growth Challenges
Start-up Problems Survival Problems Competitive Needs
Start-up Needs Recovery Needs Growth Opportunities
Start-up Opportunities
Build Business Model Fix Business Model Expand Business Model
Business Performance Priorities Business Performance Priorities Business Performance Priorities
Business Operations Priorities Business Operations Priorities Business Operations Priorities
Foundation (Scheduled) Initiatives Tactical (Immediate) Initiatives Strategic (Planned) Initiatives
Evaluate External Forces Manage External Forces Leverage External Forces
Resource Identification Resource Allocation Resource Commitment
Development Funding Sources Recovery Funding Sources Expansion Funding Sources
48. A Sustainable Organization Model
External versus Internal Balance
External Forces
of Business
Targeted Marketplace (Geographic Segment)
Change
The Demand Side
Targeted Consumer Stakeholders -
Society Communities Community,
(Consumers) (Customer Segments) Media and Other
Economy Communities
(Money)
Innovation The Supply Side
Business Business Supply Chain
(Technology)
Performance Operations Partner, Alliance
Marketplace Strategies Strategies Professional
(Commerce) Communities
Front-office Back-office
Events
(Environment)
Policy
Leadership (Stake Holder) DNA
(Standards)
Leadership Allocation (Self) or Balance (Team
Leadership Lifecycle Alignment
49. Advantage SCORE . . .
From Challenges to Solutions
Today’s volatile business climate
is a lot like a tennis match,
challenges come at you pretty
fast. Whether you are winning,
losing or just starting out in
business, SCORE can help you
match point and win.
Regardless of business size, scope,
type, or current situation,
seasoned SCORE professionals
leverage integrated solutions with
years of life/work experience to Volatile
Business
give you an “advantage” in today’s Climate
challenging business environment.
The fastest tennis serve on record for men
is 156MPH and 139MPH for women
Editor's Notes
Welcome to our workshop today.The words at the bottom of the page are a simplified version of the process to use to produce a strategic plan. You need to understand your business’s situation and capabilities, analyze the implications of this situation, decide what goals and objectives you will have for your business,and what actions will you take to achieve these goals.So let’s get going.
I have spent a major part of my career planning for growth and profitability. I have spent the rest of my career producing higher profits. I like profits. In fact I love profits, even other people’s profits.Profits are the tangible results of producing value as judged by the market.I think there is only one reason I like planning: and that is to produce profits.Now you know who I am and why we are here.Since we have a manageable size here I would like to know who you are. If we could take 30-60 seconds eachPlease state your name and company’s name, if you have a strategy, is it written, when you last reviewed it, and who formulated it.
I want to pose three questions to start our discussion.Who here is planning to retire.?Who is planning to retire over 5 years from now?Who is working with a broker or planner on that plan?You have a strategic plan and are using a planner.The catch is, if you own a business, and plan to retire, you are depending on your business to be successful to fulfill your strategic plan to retire. Do you have a similar strategic plan for your business to be successful? If not, you don’t have a retirement plan.I really like what Jimmy Dean says. Is the wind always blowing at your back? It feels like it is always blowing in your face. But if you have the understanding of sailing, you can move forward even into the wind.
Today we are going to take a practical look at why you should plan, why you may not have a formal written plan, why your really need a plan, selecting a process to do your plan development, and an example SCORE uses to develop plans for clients.We will also give you some materials to help you with your planning.
Everyone in business needs someone to bounce things off of.If you don’t have a Board of Directors or Advisors, or an experienced Mentor, you should consider engaging SCORE or another person or company who can provide you with perspective and objectivity.
Unfortunately, as much as I like planning, it is not a silver bulletBut it is something that will lower your risk and increase your opportunities.I believe that it is more important for a small company to have good planning because you are more vulnerable to events than a large company who have more resources to respond with.
So let’s get to the meat of the issue.Strategy Development is not a complicated concept, it is about providing products and services to customers that they need and will pay for, and how you will differentiate your products, services, and company to beat the competition.If these questions were answered do you think you have a decent plan?So let’s talk for a minute about diirection – Who does not want to grow your business Who does not want to lose their business Suppose you make a decision to grow your business that risks you losing it? Or that took twice the people that you now have Would you still want to grow your business?So your plan needs to look at HOW you will achieve your goals
Before you can create a strategic plan, you need to start thinking strategically.This means stepping back from the chaos and noise of day to day crisis and looking at what is important.Strategic thinking should help to simplify how your business interacts with the world. It quite simply allows you to focus on those things that will result in your business being successful.
I don’t have to tell you that things are moving fast, and seem to be accelerating.There is no new normal.No matter how hard you paddle if you are headed upstream, you will go nowhere.The idea is to understand your market, competition and capabilities to determine how you can paddle downstream and use the current to push you along.It will NEVER be easy, but you can make it easier.
But why don’t small businesses in particular plan –It may seem strange, but you don’t HAVE to, until you HAVE to and then it’s too late!A lot of the clients that come into SCORE have waited until to late to come to us, and if they had come a year earlier when the warning signs first appeared, we might have helped them. There are a number of other reasons, but they all boil down to the fact that I think you simply don’t understand how to do it efficiently and effectively. This is definitely a case where one size does not fit all. Your process should fit your company as well as your plan does.
THE best way to overcome most of the barriers to planning is to find someone to focus on this as their top priority while you continue to focus on your business. You will be surprised at how effectively this can be done if you pick the right person and process to coordinate the plan.One of the key items for you to evaluate in selecting the person to do this is the process they will use. There is no reason to reinvent the wheel, but you do have to be careful not to try to put a bicycle wheel on a Mack truck. This is a key decision that 80% of companies don’t even think about. They typically go with whatever process the guy they pick happens to use.
The good news is that you can find someone who has experience facilitating strategic planning in a number of places to match your budget and your needs. There are ways to do it at no additional cost, a small cost or a huge cost. I would like to talk to you if you want to do this.I have worked on plans that cost $100,000, and others that have cost $1,000. Both were good plans.However you choose to do the planning process, YOU have to own the process and everyone you are working with needs to clearly understand you are absolutely committed to executing the plan.
Plan development consists of three primary process steps.Thinking about possibilities and identifying your realistic options.Making informed decisions about what you will do. And finallyDefining how you will do it: the who, what and when of it.
Traditional planning has been linear and periodic, happening once per year, or every two or three years, and was static, since things changed in fairly predictable ways. However, as we have said, that is not the world that we live in today. We need a dynamic model that is interactive, and continually be evaluated and adjusted, even though the core strategy may stay the same.
A dynamic model monitors the important changes occurring internally and externally, analyzes the implications using the focal point of strategic thinking, and drives decisions to adapt to key changes. This seems complicated, but can be integrated into you business management thinking, and become part of your company culture. It MUST become part of company culture in today‘s marketplace.
A dynamic model monitors the important changes occurring internally and externally, analyzes the implications using the focal point of strategic thinking, and drives decisions to adapt to key changes. This seems complicated, but can be integrated into you business management thinking, and become part of your company culture. It MUST become part of company culture in today‘s marketplace.
Hopefully you have a vision and mission. I am not going to discuss this, but if you don’t have them you should, even if the company is only you, you need to know where you want to go and be able to explain it to you customers, employees, and your banker. It is your elevator speech. In this presentation we are going to focus on the mechanics of understanding your situation, analyzing your options, and deciding on an action plan.
Traditional market research is intimidating, and done by trolls in the marketing department.And although the topics are the same, in a small company it needs to be done differently.
Small companies need to focus on their “real” world of customers and competitors. A cleaning service in Dayton is not going to sell to customers in California. And this is a place where that thing called “social networking” will be used by successful companies to understand their market on a real time basis. If you do it right, social media is a conversation with people who are important to you, and to whom you need to be important either personally or professionally. If you make it easy for your customers to talk to you, and to know that you will listen and respond, they will tell you more than you would ever believe. This is another what? Focal Point. Why?Because this group is made up of customers who already buy your products. They accept your value proposition. And they may have friends who would too.!
Market research is an intimidating thought – one best left to marketing experts. However, if you can’t afford a brilliant marketing expert like me, what can you do?A good way to do market research yourself is to identify your customer characteristics, and then finding other customers who are like them, especially in buyer behavior.An example I use is to think about what your customer is buying from you is a Honda accord that a 17 year old boy is buying and a 35 year old mother is buying. Are they buying the same thing? What can you tell me about these customersOne is male and young, and one is female, not so young, with a child. What would you expect their buying behavior to be? How would you make your sales pitch to them? The key question about them is how many of each of these categories buy your cars now?As you can see, this line of reasoning allows you to gain insight useful to determine target markets and your marketing approach
What have been doing here is segmenting customer groups.Segmentation provides you with a what? A “focal point”.And the gold standard of segmentation is a group who are underserved, and provide high value. This group provides you with the best what? Return on invested time and money, or profit. And we all know that I just lover profit. Segmentation helps you be very specific in how you find and get customer.
Another aspect market research is to study the competition.Again, if you are creative you can do it yourself using tools available to you on the internet.Also, talk to people about them. Find out the same things you find out from your customers about you.Then compare why people buy from them instead of you or visa versa.
Another key strategic question to ask yourself is where you operate in the value chain.This has a large impact on how you focus you business on research, production, or sales, or customer service
You have to get a couple of things right in strategy development and this is one of them.This tells you whether you need to be a leader or follower.Or if you are in a no win situation where businesses come and go all of the time.The company that I used to work for sold to GM and bought raw materials from Exxon… so how much power did we have in the horizontal axis of this diagram?The implication is that our primary cost and price to the customer were very constrained. So our strategy had to address this, and it did very well. When GM went bankrupt the company got all of their money within 90 days, and GM was on a 15 day payment schedule.So this is a very powerful concept which works in the real world in determining what how you can compete in a given market situation.
Here is another critical item in your strategic analysis.Your SWOT is the foundation for your strategic analysis/In this process you take what you found out about your external situation and match it up to the internal characteristics of your business. The important thing about the internal characteristics is which are critical strengths and weaknesses.You can then look at the opportunities and threats you see and determine how you can counter them.We have provided you with a list as a handout that can help you do your SWOT. I would like you to pick up to three strengths and weaknesses from the list, no more, or others you feel you have.And then do the same thing for opportunities and threats.I would like you to take this back and discuss it with people at your company, or an advisor to confirm you thoughts.
Once you have your SWOT you can use it to match Opportunities to strengths and Threats to weaknesses which will increase your probability of success and minimize the risk to your business.
When you have a good SWOT, you use it to stack the deck in your favor.Don’t play those games where your probability to lose is high – avoid.Play those games where your probability to win is high – Exploit.Apply your strengths to threats to overcome themApproach opportunities carefully where you have weaknessesI would prefer a diagonal on this chart because the business world is more risky than in the past.So another consideration with your SWOT is the amount of risk you feel you business can take.
So how can you identify opportunities to grow based on your SWOTThe possible areas to consider are market expansion, product expansion, and innovation.I would like to say something about innovation. We think of it as new software or materials, but people innovate every day in business to make things work better. But it tends to be random. If you can focus innovation in target areas defined by your strategy, the innovation will have a larger impact on business success.
We can also look at areas to increase efficiency and that way strengthen weaknesses or reduce costs, or improve service;In the SCORE model we call this the back office functions
The key to achieving results in your plan is to --- what?FOCUS that’s right. Especially for a small business it is critical that you only take on one or two goals at a time or you will get overwhelmedI would like you to take a minute to think about THE most important goal or two that you should consider for your business right now.
Bob Talty from SCORE likens running a business to riding a bicycle. You pedal like hell to move forward.Keep your balance so you don’t fall.steer to avoid obstacles, butMost importantly you do what? look ahead t o see what’s comingAnd the faster you are going the further ahead you need to look.So the keys to success are Have it in writingUse a proven processUse an experienced facilitatorAnd finally, follow up often – which means not only monitoring progress, but checking assumptions, monitoring your customers and competitors for changes, SCORE has experienced mentors who can help you develop your strategy and plan and work with you through it’s execution.
Remember two things about how planning is like riding a bikeIt’s not as hard as it looksAnd you never forget how once you do it.
It’s really not as hard as it looks.Have you ever noticed the only old guy in these pictures is standing up.