During the planning process, a small business's owner and team forecast -- or model -- the company's future in terms of the strategic actions that will be taken in order to reach the company's goals, ...

A business needs to have both a strategic plan and a budget. The strategic plan lays out the direction and goals of the business and guidelines for actions to achieve those goals, while the budget ...

If you’re a business owner looking to optimize your growth potential, you have probably already heard a bit about strategic planning at some point. Even if you already understand the basic premise, ...

2020 will soon be behind us. As many executives heave a sigh of relief, they are also preparing for a dramatically different environment in 2021. Recent economic challenges have forced manufacturers ...

Most CEOs had become used to operating on 5-year strategic plans. Beginning in the mid-20 th century, such documents became de rigueur for those at the top of their college graduating classes ...

Why do so many strategic plans by government agencies and jurisdictions fail, ending up on the shelf as expensive paperweights? One reason is that, too often, they’re developed by a narrow ...

Opinions expressed by Entrepreneur contributors are their own. Strategic planning is a polarizing term. For some people, it’s cringeworthy, conjuring up images of long meetings that are driven more by ...

In the throes of a full COVID-19 pandemic, most business leaders’ top priority is rightfully the health and safety of their employees, families, and communities. Even though business disruptions are ...

Strategic planning is a polarizing term. For some people, it’s cringeworthy, conjuring up images of long meetings that are driven more by outdated process than by purpose. I’ve been there myself; I ...