by Tim Scholten | Aug 11, 2010 | Blog
Scorecards are another layer of monitoring. Scorecard development involves determining the critical internal measures that tell you how your business is performing. Scorecards help teams observe and understand subtle differences in performance. They can be used to...
by Tim Scholten | Aug 3, 2010 | Blog
You are now ready to develop industry and competitive benchmarks. These provide valuable insights into how your business is performing. For example: If your business inventory turns slower than your competition, your ultimate costs will be higher. This insight...
by Tim Scholten | Jul 16, 2010 | Blog
The best laid plans often fail due to poor execution and follow through. This is what GREAT companies work at becoming great at. Making plan execution a priority is where many companies fail. They simply develop a great plan and put it in a binder on the shelf. Even...
by Tim Scholten | Jul 6, 2010 | Blog
Planning may take place as a single event over one or multiple days, or it may be a process completed over the course of several months. Either way, it is important that you engage the entire team in brainstorming and providing input to improve, expand, multiply,...
by Tim Scholten | Jun 28, 2010 | Blog
Now that you have gathed market and industry information and determined who should be involved in the planning process, you can begin by synthesizing the information with your performance. SWOT Analysis consists of evaluating your Strengths, Weaknesses, Opportunities...
by Tim Scholten | Jun 22, 2010 | Blog
Often-times companies limit involvement in strategic planning to the senior leaders in the company. This approach works for many, however, you should determine the level of expertise and input needed to formulate a plan that will include quality and accurate...
