SWOT stands for strengths, weaknesses, opportunities, threats and evaluates the situation of a business, project or organization. Conducting a SWOT analysis is a 5-step process.
The 7 Deadly Sins Of Business Strategy
Two-thirds of all business strategies fail during implementation. And just like the seven cardinal sins, when strategies fail in business often one or more of the seven deadly sins of strategy are at work. The seven deadly sins of business …
13 Reasons Why Successful Companies Use OGSM
Many Fortune 500 companies and many small businesses have successfully implemented the OGSM methodology to support their strategic process. Why? Because there are many benefits to using OGSM to simplify strategy and deliver results. Here are 13 ways the OGSM …
OGSM Example For B2B Companies: How Florian’s Fastener Solutions Returned to Growth
Looking for inspiration on how to structure your strategic plan? Or just looking for an OGSM example? Get to know Andy and learn how he applies the OGSM methodology to his small B2B company. OGSM stands for Objective, Goals, Strategies …
How To Cascade Strategy To Deliver Excellent Results
When formulating and executing your business strategy, it is important to ensure that everyone in the company understands the overall direction and that their work is linked with the business’ objective and goals. But how to achieve that exactly? This …
What Comes First: People or Strategy?
It seems like a question of preference or belief such as Pepsi vs. Coke, Pampers vs. Huggies or Nutella vs. Nusspli. But far from it. Whether in large corporations or small businesses, choosing to put people first or put strategy …
What Should Small Business Owners Focus On During A Crisis?
Economic crises can be challenging times for all of us but a grave pandemic such as COVID-19 and the ensuing economic fallout are particularly damaging to small businesses. In steering through this crisis myself, I thought I would write down …
How Many Initiatives Should My Strategy Have?
When using the OGSM approach to strategy, I often come across the question of how many initiatives a strategy should have. In the following, I summarize what works best in my experience. When developing the implementation plan for your strategy, …
What Comes First: Objective, Goals Or Strategy?
In business, objectives, goals and strategies are often used interchangeably when describing a company’s direction. Yet they are very different. Which one comes first – and does it really matter? When developing a business strategy, first decide your objective, i.e. …
Should Small Businesses Do Strategic Planning?
In small businesses strategic planning is often brushed aside as being too costly and time-consuming and taking too much attention away from operations. However, without a strategic plan, a business would lack the clear sense of direction it needs to …