Business Management/Leadership and Strategy
The Importance of Data Collection in the Strategic Planning Process
Strategic planning is essential for any organization to successfully execute its goals and targets. A strategic plan creates a framework from which decisions can be made on how to allocate an organization’s resources, address challenges, and maximize opportunities that arise along the way. According to the United Nations’ Strategic Planning Guide for Managers, “…strategic planning is about understanding the challenges, trends, and issues; …and determining the most effective and efficient way possible to achieve the mandate” (United Nations, 2015). http://hr.un.org
One of the most important aspects involved in the design of any strategic plan is data collection. Data collection is the process of gathering information and facts which would help an organization come up with a long-term or short-term strategic plan. According to Bryant (1997), “An effective strategic plan requires, as a first step, the fairly rigorous collection of information, with analysis and development of issues.”
In short, managers need to collect data to better understand the organization’s current position in the market. Data collection is also important in identifying market trends and needs as well as changing demographics. With this information, managers can assess the ability of their organizations to meet current and future demands.
The Importance of Data Collection Prior to Creating a Strategic Plan
There needs to be an assessment of the internal and external factors which will influence the business before defining primary points, issues, and focus to be used in the creation of the strategic plan. This is done through data collection.
Your organization’s people are its greatest asset, and when they work together as a team they accomplish even more. But teamwork doesn’t just happen. Teams have to be created, developed, and continuously nurtured. A solid team building strategy can create an environment of greater collaboration and collegiality, which is good not only for the bottom line for your people themselves. There are many different ways to build a team, and to continue fostering a sense of teamwork. Developing a diverse team building tool kit helps your people grow at every stage.
What Are the Benefits of Team Building?
Types of Team Building Activities
More Team Building Games
More Team Building Activities
Common Mistakes When Team Building
Formatting a Team Building Plan
Talent management is essential to the success of any organization. Leaders need to recruit, train, and retain qualified employees. Providing incentives and developing individuals is the difference between engaging people and merely employing them. Investing in talent management will provide financial benefits as it improves the company’s culture.
Understanding Talent Management
Succession & Career Planning
Coaching, Training & Development
Dos and Don’ts
Supply Chain Management improves the coordination and relationship between Suppliers, Producers, and Customers. It must be kept at a high level of organization to be successful in today’s global economy. Goods and services are now pieced together from all over the world, and this process can be hectic and complicated if not managed correctly.
With Supply Chain Management your company and employees will be on target to lower costs, improving efficiency, and increase customer satisfaction.
Why Supply Chain Management?
Key Terms (I)
Key Terms (II)
Three Levels of Supply Chain Management
Five Stages of Supply Chain Management
The Flows of Supply Chain Management
Supply Chain Groups
Tracking and Monitoring
Supply Chain Event Management
Risk assessment and management is essential for the success of any business. However, many companies do not always take the necessary precautions, which leads to disaster. Successfully managing risks will prevent mistakes, which leads to a safer work environment, happier employees, and increased productivity. Following a few basic steps will place your organization on the path to success.
Identifying Hazards and Risks
Seeking Out Problems Before They Happen (I)
Seeking Out Problems Before They Happen (II)
Tracking and Updating Control Measures
Risk Management Techniques
General Office Safety and Reporting
Business Impact Analysis
Disaster Recovery Plan
Summary of Risk Assessment
Performance Management is not a company’s way of employing “micro-managing” techniques that stunt the professional growth of its employees. But rather, it is a strategic approach to ensuring the efficiency and effectiveness of an organization. Whether at the organizational, departmental or employee level, the goal of performance management is to make sure all business goals are being met in a satisfactorily manner.
The Basics (I)
The Basics (II)
Establishing Performance Goals
360 Degree Feedback
Kolb’s Learning Cycle
The Performance Journal
Creating a Performance Plan
Although people often think of boardrooms, suits, and million dollar deals when they hear the word “negotiation,” the truth is that we negotiate all the time. For example, have you ever:
- Decided where to eat with a group of friends?
- Decided on chore assignments with your family?
- Asked your boss for a raise?
These are all situations that involve negotiating! This book will give you an understanding of the phases of negotiation, tools to use during a negotiation, and ways to build win-win solutions for all those involved.
Laying the Groundwork
Phase One — Exchanging Information
Phase Two — Bargaining
About Mutual Gain
Phase Three — Closing
Dealing with Difficult Issues
Negotiating Outside the Boardroom
Negotiating on Behalf of Someone Else