As a business owner, you are sure to understand the importance of building and executing a strategy across all sectors of your business. Everything from your marketing, sales, and ad campaigns must have their strategy in place. Of course, that means gaining a deep understanding of what you want to accomplish, why, and in what…

Posted on April 20, 2022 In their book The Balanced Scorecard, authors David Norton and Robert Kaplan note that 90% of organizations fail to execute their business strategies successfully. Most organizations start with pre-conceived notions of failure and label strategy development and execution practices as leadership requirements or just academic exercises. Once there is a…

Strategy is one of the primary levers at top leaders’ disposal in their never-ending quest to maintain organizational viability and effectiveness. The strategy offers a formal logic for the organization’s goals and orients the people around them. It relies on plans and sets of choices to mobilize people and can often be enforced by both…

The Mind Map is a visualization technique to graphically establish connections between several ideas or pieces of information. What is a mind map? A Mind Map provides an idea mapping tool for visual tracking of your ideas. The mind map consists of diagrams based on concepts that branch from the concept and are designed to…

Understanding Value, Risk, Mission Alignment, Funding, Staffing, Dependencies & IT A prioritization matrix is a fundamental tool for understanding prioritizing projects or initiatives in order of relative importance. Though numerous organizations exist that critically lack this practice, prioritization has the potential to vastly improve outcomes for leadership teams, customers, and job satisfaction alike. Understanding the…

What is organizational change? According to HBR, Organizational change refers to the actions in which a company or business alters a major component of its organization, such as its culture, the underlying technologies or infrastructure it uses to operate, or its internal processes.  Why is change management important? Change management is important not only due…

The external environment, including physical, political, economic and social factors, can significantly affect how businesses operate. PESTLE analysis is a useful tool for auditing all external factors that can affect an organization’s success. Reviewing the external environment and macro environmental factors through PESTLE makes it possible to identify and understand long-term trends and use them…