A well-researched strategy can be the difference between a failed business and the next big thing. Despite the benefits of strategic planning, the percentage of failed businesses and strategies is more than 85%. Effective Strategic Management Developing a robust business plan is highly challenging. Even more challenging is tracking, managing, and executing it. Effective strategic…
Balanced Scorecard, Its Uses and Benefits
Overview and guide to implementing a Balanced Scorecard within your Organization Overview The Balanced Scorecard is a strategic management tool that allows organizations to monitor the status of the drivers, goals, and objectives. It allows Core-Strategy users to systematically analyze the outcomes of strategic initiatives, establishing priority, organization-wide communication, and alignment of day-to-day tasks against…
An Overview of PESTLE Analysis
Core-Strategy analytical suite includes Porter’s five (5) forces model known as PESTLE Analysis. It allows users to map and understand the external influences that impacts organization’s internal initiatives. What is PESTLE? PESTLE stands for: P – Political E – Economic S – Social T – Technological L – Legal E – Environmental Core-Strategy PESTLE analysis…
Guidelines for effective Strategic Management
The business landscape is constantly changing, and in order to keep up with the competition, organizations need to have a business strategy that sets them apart. Clear objectives and company values are essential when crafting business plans, as they will form the basis of strategic decisions. Strategic planning is key to success and can help…
