In corporate strategy projects, executive leadership teams work through a series of questions to determine how their businesses can succeed. Individuals can use a similar process to figure out how to live a meaningful life. It starts with defining what makes a great life for you and then outlining your purpose and vision. You must also look at your current “portfolio” — the areas in which you spend your time and energy — to see if you’re investing the best of yourself in the activit...| Harvard Business Review
As an entrepreneur and president of an engineering company, I've seen how difficult and elusive it is to get an advantage over your competitors. Many companies have started something new only to see it copied or substituted in short order. What is the "secret sauce" that companies like Apple, Southwest Airlines, and Starbucks have, and how... [Read More]| ProjectEngineer
Whether automating forecasting, optimizing risk assessments, or managing compliance, AI’s role is shifting from passive tool to active participant in corporate governance. Learn here.| Controllers Council
Key Performance Indicators (KPI) are clear, specific metrics that measure an organization's progress toward a corporate goal. They generally have a time component, because they track the execution of a corporate strategy. They are the "scorecard" part of a balanced scorecard. To develop KPI's, it helps to divide them into three categories: Target Relative Progress Target... [Read More]| ProjectEngineer
The Balanced Scorecard is a system for the implementation of corporate strategy. It is a performance measurement tool that helps an organization execute its strategies and turn them into measurable results "on the ground." In its practical form, a balanced scorecard is a 4-quadrant itemized list of key performance indicators (KPI's) that the organization strives... [Read More]| ProjectEngineer
A PEST Analysis is not a way to rid your office of undesirable rodents, although I suggest you take care of that first if it is a problem. Rather, it is strategic analysis technique which analyzes the external environment within which an organization operates. It is designed to give an organization a good overall picture... [Read More]| ProjectEngineer
When I was a middle manager, I saw many goals that ended up as roadkill on the business superhighway. Whatever the flavor of the year was, that's what was reflected in the business goals. Things like: reducing dependence on one client, diversifying our service offerings, and others made the rounds through our business units. One... [Read More]| ProjectEngineer
In today's ultra-competitive business environment, strategic planning is more than ever a necessary tool to growing a successful business. Even large companies are not immune to sharp downturns and failed strategic plans. Strategic planning is a process that results in the development of a strategic plan (really!). The strategic planning model in use by businesses... [Read More]| ProjectEngineer
In August 1805, Emperor Napoleon fought what was arguably the most important battle of his military career. In a brilliant display of strategy, he devised a system of matching his strongest soldiers with the enemy's weakest, in a move that students in military colleges still study today as the Ulm Manoeuvre. What business lessons can... [Read More]| ProjectEngineer
Want to make smarter decisions in business, project management, or even your personal life? A SWOT Analysis is your go-to tool for gaining a competitive edge. By weighing your strengths against competitors’ weaknesses and evaluating opportunities versus threats, this method clarifies the best path forward. From portfolio managers choosing high-impact projects with limited budgets to... [Read More]| ProjectEngineer
A corporate goal is an specific, measurable objective toward which an organization channels its efforts. Goals support a vision or mission statement. In strategic planning, the establishment of corporate goals comes right after the development of corporate vision and mission statements. These documents lay the groundwork for determining the more specific goals that an organization... [Read More]| ProjectEngineer
Corporate Strategy refers to the methods with which an organization achieves its goals. In the world of corporate strategy, the development of strategy is the third in a three step process, in this order: Corporate vision defines the state the organization wants to be in over the long term. Corporate goals define the metrics to... [Read More]| ProjectEngineer
In this article, we will take a leisurely stroll through the strategic planning process. This includes the model most used in textbooks and courses on corporate strategy. The strategic planning process consists of the following steps: Vision Statement Mission Statement Corporate Goals Corporate Strategy Metrics Vision Statement A vision statement is a statement of where the... [Read More]| ProjectEngineer
A strategic plan documents the methods by which an organization achieves its corporate goals. We at ProjectEngineer have developed the best free strategic planning template on the internet, and we offer it to you here as a free download ( | ). A strategic plan contains the following 10 key parts: Mission statement Corporate goals... [Read More]| ProjectEngineer
I’m part of many discussions where tech company execs try to apply Return on Investment (ROI) tools to make hard choices about what to build, or where to invest costly-and-scarce development resources. It rarely turns out to be as useful as we hoped. Where ROI is absolutely fundamental to| Rich Mironov's Product Bytes
A SWOT Analysis is a simple but effective tool used to examine an organization's business prospects determine the strategy that an organization will employ to achieve its goals. It is normally plotted on a simple 2 x 2 matrix. Scroll down for an example. SWOT stands for: Strengths Weaknesses Opportunities Threats Strengths This refers to... [Read More]| ProjectEngineer
Reading Time: 3 minutes “In the midst of chaos, find your inner calm.” This profound quote from The Chaos of Standing Still encapsulates the art of staying centered and| USA Daily Standard