Category: Planning
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The Importance of Succession Planning for Family-Owned Businesses
Family-owned businesses are an important part of the economy, accounting for a significant portion of all businesses worldwide. However, these businesses face unique challenges when it comes to succession planning. Succession planning is the process of identifying and developing new leaders to take over the business when the current leaders retire, resign, or pass away. […]
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The Benefits of Scenario Planning for Long-Term Business Success
Long-term success is the ultimate goal of any business. However, the future is unpredictable, and it is impossible to foresee all the challenges and opportunities that may arise. This is where scenario planning comes in handy. Scenario planning helps businesses to anticipate potential risks and opportunities and develop more effective strategies to achieve long-term success. […]
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Implementing OKRs (Objectives and Key Results) in Strategic Planning
OKRs (Objectives and Key Results) have become a popular goal-setting framework for businesses worldwide. This framework is widely used by high-performing organizations such as Google, LinkedIn, and Twitter. It is a simple yet effective tool that helps businesses align their goals and objectives with their overall strategic plan. OKRs are designed to help organizations set […]
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Integrating Corporate Social Responsibility into Business Planning
Corporate Social Responsibility (CSR) has become a buzzword in the business world. It refers to the way companies take responsibility for their impact on society and the environment. CSR is no longer just a matter of doing good, but it is also a strategic business decision. Integrating CSR into business planning can benefit companies in […]
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The Role of Business Analytics in Data-Driven Decision Making
In today’s fast-paced business world, it is essential to make quick and informed decisions. However, making decisions without proper data analysis can be risky. That’s where business analytics comes in. Business analytics is the practice of using data, statistical and quantitative analysis, and predictive modeling to gain insights and improve business performance. In this article, […]