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The Essential in Strategic Planning

Strategic Planning is really two different things: Strategic Thinking and Execution Planning. Strategic Thinking should be happening all year long. Execution Planning happens annually and quarterly. Strategic Thinking is working through several key areas that define who you are as a business and result in a strategy, hopefully a very simple one-phrase strategy. For example, the Southwest Airlines strategy is Wheels Up. Planes in the air make money and planes on the ground don't. If you examine everything they do and you'll see it all aligns with this one phrase. To turn their airplanes around quicker than anyone else they don't use assigned seating, so their customers are pushing each other down the aisle to get the plane loaded. They also manage their labor relations such that their pilots are willing to help the baggage handlers and their flight attendants are willing to help those that clean the planes, all to get those plans in the air. They also only use one airplane...
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Writing a Business Plan

What is a business plan used for? Writing a business plan is not just a necessary tool for business start up. A solid plan will lead your business on the path you wish it to follow. Good business planning will serve as a roadmap to the future of your business by allowing you to properly allocate resources, focus on key business points, and prepare for any opportunities or problems that may arise as you look ahead. How to Write a Business Plan While there are no strict rules for writing a business plan there are some guidelines that you can follow that will ensure your business possesses a professional and effective plan. The amount of information and level of detail included will depend on the intended audience. For external audiences such as investors, lenders and government agencies your plan will be much more detailed and in-depth. For internal audiences such as upper management or board of directors the information can be less detail oriented and more goal focused. In either cas...
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The Best Practices for Managers and Supervisors

The command and control approach to managing personnel is the antiquated way managers used to conduct business back in the 20th Century. The rationale for the old top-down approach of management was a hold-over from the 19th Century where jobs were hard to find and talent was in short supply. Fast-forward to 2012, the job market has changed and even though it remains tight after "The Great Recession", wise managers understand that there is a pool of talent waiting in the wings and the economy will not remain in decline forever. An employer's market does not mean that managers and supervisors can treat employees like luggage at an international airport, but instead this provides an opportunity to cultivate the best talent available. Today's modern worker is more aware of the realities associated with the job market when it comes to developing and retaining skill-sets and understanding that the geographic constraints no longer holds talent hostage. Managers and superv...
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