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When we speak of strategic planning, we pertain to the discipline where we think about what will happen in the next few years or so. We then establish steps or solutions that we are willing to undergo or perform in order for us to cross the barriers that we might encounter. Typically, strategic planning is used in business organizations but it can also be utilized by the government, the non profit organizations and even personally. Simply put, this activity is to help us determine what and how we are going to navigate over the next year or so. In other words, we think about what we are going to do in the future and how we are going to accomplish the tasks that we have set. In general, the strategic planning concept is applied in the entire organization but it can also be focused on a particular yet major business function including departments, divisions and others. Strategic thinking is actually easier when you give your focus on the entire organization. Although this is much more co...

Reviewing your business performance is a must and definitely a great requirement. This is a sign that you are really giving the attention that your business needs. Aside from that, this also means that you are well aware of how your company works and you are willing to bring your efforts to a much higher level. There are many ways to evaluate your business performance and one of them is to select the right kind of method for strategic analysis for your organization. Strategic planning or analysis is when you plan for the future. You review what you have today and you can make a forecast about what will happen in the coming years. One method for strategic analysis is the SWOT analysis. This stands for strengths, weaknesses, opportunities and threats in your business and this is often used by many companies nowadays. This is where you will need to look into those four aspects and then later on, you will be able to identify what you need to do in order to maintain or enhance your busines...

What is the role of BSC for strategic level methodologies of organizations? Before we will be able to answer that, let's take a short trip down to memory lane first. A balanced scorecard is a measurement framework that is used to track an organizations performance. Drs. Kaplan and Norton first brought up the idea in 1996 and has since become a sensational tool that in fact, an average of at least 50% of companies all over the world has learned to utilize them. It should not come as a surprise if sooner or later, all organizations will adopt this trend. I do agree when people say that there are a lot of business terms and sometimes, there is just no way to memorize them all. I am not saying that it is for that reason that the BSC for strategic level is standardized, but you have to admit that remembering three simple terms that will enable you to sum up all your goals and utilize your BSC for strategic level methodology purposes optimally. These three terms are: -Corporate level ...

Strategy of workforce planning is the process of matching workforce demand and supply over a foreseeable time period. Organization conduct workforce planning that builds upon quantitative activities such as headcount planning and workforce analytic, and use these data as part of qualitative decisions to support and implement organizational strategies. Workforce planning allows organization to better meet the challenges of a rapidly changing economy. By using business strategy to align shifts in demand with the existing and future supply of human capital, organization optimize the workforce to meet business goals, increase market share, and improve employee engagement. When formulating a strategic workforce plan, one needs to take into consideration the external and internal operating environment, i.e. business or market-level and corporate-level strategies. This will ensure a good balance of strategy-based demand forecast - Strategic Priorities, with intelligent supply channels - Wor...

Now it is clear that the economy is slowing dramatically and many observers feel that we are headed into, or may already be in, a recession. The question is no longer if the economy is going to be slow in 2020, but how slow is it going to get. The credit crunch has lost its crisis atmosphere but many sectors of the credit markets remain paralyzed. We know about the impact on housing and related industries. But most people are only beginning to understand how the paralysis is affecting consumers in areas other than real estate. Nowhere is this understanding more apparent than in the performance of the equity markets over the past two weeks where traders who blindly ignored the warning signs for months suddenly see that the party ended some time ago. Declining home values have siphoned off more than $1 trillion of consumer purchasing power at a time when rising food and energy prices are devouring family budgets. Headline inflation, not "core" inflation but the real inflation...

Adult Entertainment remains one of the most controversial industries in the United States that few find social merit in being associated with in any regard. Even though this industry is one of the social taboos, it produces about US$15 billion per year in revenue. This industry is peppered with various fetishes to suit the taste of the consumer appetite. However, besides the high revenues and eye-candy that comes from this industry, there are enormous social costs. According to many of the statistics from health and welfare agencies, a good percentage of the women and men within the industry had some sort of sexual or physical abuse throughout their childhood. The adult entertainment industry would of course deny many of the facts provided by the agencies that have to rehabilitate and care for those discarded after the fact. The Internet provides a platform for many of the sexual fantasies come alive. These sexual interest covers a broad range of fetishes from bondage to humiliation ...

Having a great idea and the motivation to strike-out on your own is a good first step in pursing the feasibility of a business. However, it takes more than motivation and a great idea to get things started. This article will reveal some of the simplest considerations that most would-be business-owners overlook. The very first thing that should not fall under consideration is venturing out on your own without the proper tools beyond the scope of a great idea. According to statistics provided by the Small Business Administration, over 90% of small businesses fail due to a lack of planning. How many times have you heard or witnessed individuals that sat up over a weekend and wrote a stellar business plan then headed out on Monday morning to seek funding or investors? Impatience is the second thing that needs management. So often "I am tired of working for someone else" is the premise for people to start a business. This frame of mind will almost ensure failure because this appr...