Developing Your Vision Statement

vision

Core Business Documents There are three core documents that drive business strategy: Your Core Values Your Mission Statement Your Vision Statement Each document informs the one that follows with the Vision Statement specifically driving your strategy. The Vision Statement as an Evolving Document In their book Total Alignment: Tools and Tactics for Streamlining Your Organization, …

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Develop your Employees!

Employee

Early in my career I had the opportunity to work for an innovative new startup. They were doing something that no one else at the time was doing – they were selling used books on Amazon as a third-party seller. I know that’s common place today, but at the time they were doing something new …

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The Power of Employee-Lead One on Ones

one on one

What not to do… When Pete announced that he’d be holding regular one-on-one’s, I was pretty excited. There had been some big changes in the organization, and I had a lot of things on my mind that I wanted to talk to him about – just the two of us. I figured a one-on-one would …

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Developing your Mission Statement

mission

Core Business Documents There are three core documents that drive business strategy: Your Core Values Your Mission Statement Your Vision Statement Each document informs the one that follows with the Vision Statement specifically driving your strategy. What is a Mission Statement? Your mission statement describes the core benefit that your business provides. It may inform …

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Help Your Employees Rediscover Their Passion

Passion

How it begins… We all know the story. A young, ambitious professional joins the firm, full of life, fire, idealism, passion and ready to take on the world. Fast forward a few short months and that same professional lives in gray scale. Too many dull meetings, no more paper in the copier, yet another tedious …

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Finance: ROIC for the Uninitiated

ROIC is the Return On Invested Capital and, simply put, indicates how well a company is using it’s capital. As such, this is a very powerful indicator and forecasting tool for the current and future profitability of a company. However, because of it’s relative complexity, it is often overlooked in favor of simpler metrics. If …

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Finance: WACC for the Uninitiated

WACC stands for “Weighted Average Cost of Capital”. WACC is used by investors and analysts, for a variety of purposes including as a way to assess perspective investments. This post is meant to give a very basic overview of what this concept is, and why it is important. The Cost of Capital A company’s capital is …

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Long Form: Managing IT Strategy in a Non-Technical Organization, Part 3

Part 3: Finalizing Your IT Strategy Managing IT Strategy in Non-Technical Organizations Part 1: Analyzing your IT Environment Part 2: Communicating and Coordinating with Stakeholders Part 3: Finalizing your IT Strategy (This page) Managing IT Strategy in Non-Technical Organizations, Part 2: Introduction Identifying Essential IT Components Perform a Gap Analysis Compose the IT Strategy Proposal …

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Long Form: Managing IT Strategy in a Non-Technical Organization, Part 2

Part 2: Communicating and Coordinating with Stakeholders Managing IT Strategy in Non-Technical Organizations Part 1: Analyzing your IT Environment Part 2: Communicating and Coordinating with Stakeholders (This page) Part 3: Finalizing your IT Strategy Managing IT Strategy in Non-Technical Organizations, Part 2: Introduction Determining Stakeholders Determining Stakeholder Communication Needs Creating the Stakeholder Communication Matrix Introduction …

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