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, ...

Did you know that the typical five-year strategic planning forecasts perform about as well as dart-throwing chimpanzees? Cognitive science and behavioral economics scholars have conducted research on ...

Note: This article is the second in a series about how firms can successfully reassess and reimagine their business models. Read the first article here. Failure to plan is planning for failure. That ...

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 ...

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 ...

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 For some people, it’s cringeworthy, conjuring up images of long meetings that are driven more by outdated process than by purpose.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 ...

As we begin the New Year, we tend to be positive and focus on the future of the year ahead. Some do this in both their personal life and professional life. The best way an organization can address the ...

IT professionals increasingly need to navigate projects arising from greater business complexity. The integration of systems models with established methodologies, like design thinking, agile and lean ...

Healthcare and school campuses serve as societal keystones, centers of learning, healing, and community. As such, they face unique security pressures, from cyberattacks that could compromise patient ...

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 ...