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Incidence Of Strategic Planning In Small Business
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Book Synopsis Incidence of Strategic Planning in Small Business by : Nimalathasan Balasundaram
Download or read book Incidence of Strategic Planning in Small Business written by Nimalathasan Balasundaram and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last several years, extensive attention has been paid to the issues relating to strategic planning. Even though practitioners and academicians have been continuing their debates on the merits of strategic planning. The literature on planning in small business has grown considerably over the past decades. With a few notable exceptions, many scholars have recommended that small firms need to use strategic planning as an essential tool for their improved performance. According to Gibb and Scott (1985) strategic planning can almost certainly influence the growth of the company and provide a frame work for enhancing this or it can also help maintain the existing size and capability of the firm. Although, the preconceived notions of strategic planning support the idea that formal strategic planning practices heightens the owner managers' ability to think strategically (Porter, 1980; Lyles et al., 1993). Hence, the present study is initiated on incidence of strategic planning in small business. Secondary data have come from research monograms, books, and journals etc. Therefore, this study will contribute to the existing stock of knowledge in the literature of strategic planning in small business. Finally, based on the empirical findings strategic planning contributed significantly to the relationship with overall performance of small business under the study.
Book Synopsis Introduction to Strategic Planning by : Michael L. Policastro
Download or read book Introduction to Strategic Planning written by Michael L. Policastro and published by . This book was released on 1993 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of Strategic Planning in Small Business by : Sara Howe
Download or read book The Impact of Strategic Planning in Small Business written by Sara Howe and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This qualitative research study explored the impact of strategic planning in small businesses within the service industry, specifically in East Tennessee. The focus was to gauge the level of importance small businesses placed on strategic planning, if any. The general problem to be addressed was the level of importance small businesses place on strategic planning that could affect organizational problems such as high turnover, low job satisfaction, poor engagement and performance, financial uncertainty, customer dissatisfaction, tarnished company reputation, and company closure. The purpose of this qualitative case study was to enhance the body of knowledge through magnifying the explanations behind organizational and operational issues in the service industry and the impact strategic planning could offer. Three research questions were designed to investigate further. The study consisted of one ten question interview that was strategically designed and given to 23 small businesses to provide their own unique experiences. Six themes emerged after organizing and analyzing the data. Themes included participants asking for more information or examples of specific interview questions, participants having a sudden realization of the use of strategic planning within their business or changing their perspective on the use of strategic planning terminology, placing a high importance on strategic planning, and referencing covid as a challenging in planning. In completing the final analysis, it was noted that the strategic planning and strategic management body of knowledge is evolving and mutating rapidly, especially after the pandemic in 2020 affected small businesses. The findings pointed to a need for more research involving the innovations and adaptations small businesses used to navigate organizational problems post pandemic, and ways small business owners could use strategy in planning for events that are uncertain or unexpected.
Book Synopsis Strategic Planning for Smaller Businesses by : David Arnold Curtis
Download or read book Strategic Planning for Smaller Businesses written by David Arnold Curtis and published by Free Press. This book was released on 1983 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Strategic Planning for the Small Business by : Craig S. Rice
Download or read book Strategic Planning for the Small Business written by Craig S. Rice and published by Adams Media Corporation. This book was released on 1990 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tells how to evaluate current position, identify opportunities, threats, and objectives, select tactics, develop a marketing plan, conduct testing, perform financial analysis, and obtain financial backing.
Book Synopsis Strategic Planning in the Small Business by : Charles R. Stoner
Download or read book Strategic Planning in the Small Business written by Charles R. Stoner and published by Thomson South-Western. This book was released on 1987 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Strategy Formulation in Entrepreneurial Firms by : Dr Azhdar Karami
Download or read book Strategy Formulation in Entrepreneurial Firms written by Dr Azhdar Karami and published by Ashgate Publishing, Ltd.. This book was released on 2012-10-01 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is concerned with strategy formulation issues in the relatively neglected field of entrepreneurial firms. It raises questions, such as what is the strategic role of entrepreneurship in small businesses? How does the top management in small firms perceive the processes associated with strategy formulation? How are business strategies formulated and implemented in SMEs and importantly, are there lessons that can be learnt by large corporations from the smaller ones? Using a sample covering a wide range of entrepreneurial firms in the UK, the author addresses the lack of strategic thinking in the management of small firms and provides recommendations for effective strategic management processes.
Book Synopsis Small Businesses Ignore Strategic Planning at Their Peril by : William Cordeiro
Download or read book Small Businesses Ignore Strategic Planning at Their Peril written by William Cordeiro and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most aspects of strategic planning are well known and widely documented. Virtually all large organizations use a formal strategic planning process. While the benefits from effective strategic planning are evident to most businesses, small business owners/managers often plan poorly. Many contend that the daily demand of running their businesses reduces their time available for effective strategic planning. Since strategic planning drives the allocation of resources (time and personnel), it is practiced in every organization - large and small. The strategic planning decisions (allocations) may be well thought-out based on a detailed plan or they may be haphazard. But without exception, strategic decisions are made and implemented by all organizations. This paper has four sections: First, it very briefly summarizes strategic planning principles; second, it describes the theoretical benefits of strategic planning for all organizations; third, it reports on two cases that describe strategic planning practices in small businesses - one success and one failure; and, finally, it provides recommendations for the practical application of strategic planning principles for small businesses.
Book Synopsis Opportunity Management by : Dean Francis Olson
Download or read book Opportunity Management written by Dean Francis Olson and published by . This book was released on 1985 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Introduction to Business by : Lawrence J. Gitman
Download or read book Introduction to Business written by Lawrence J. Gitman and published by . This book was released on 2024-09-16 with total page 1455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.
Book Synopsis AMA Complete Guide to Strategic Planning for Small Business by : Kenneth Joseph Cook
Download or read book AMA Complete Guide to Strategic Planning for Small Business written by Kenneth Joseph Cook and published by N T C Business Books. This book was released on 1994 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The AMA Complete Guide to Strategic Planning for Small Business is the one practical guide you'll need to plan for the growth and profitability of your business. In 192 easy-to-read pages the Guide shows you how to develop vision for your company; articulate your vision in a clear, easy-to-understand but comprehensive strategic plan; implement your plan through sound tactics and action programs; ensure support for your plan by communicating it clearly to everyone in your organization, and measure your success and control the entire process by getting the proper feedback. Every chapter includes samples, exhibits, guidelines, checklists, action points, and worksheets to make this the first truly practical guide to strategic planning. Strategic planning - possibly the two words most feared by owners of small businesses because they conjure up visions of endless paperwork, pointless meetings, and non-productive bureaucracy. But proper planning - defining your organization's mission, articulating it clearly to everyone on the organization team, and implementing it in a methodical, common-sense manner - is the key to success in today's competitive business environment. And now that success can be yours with the AMA Complete Guide to Strategic Planning for Small Business.
Book Synopsis GUIDE BOOK TO PLANNING - A COMMON SENSE APPROACH by : Robert M. Donnelly
Download or read book GUIDE BOOK TO PLANNING - A COMMON SENSE APPROACH written by Robert M. Donnelly and published by Xlibris Corporation. This book was released on 2006-05-24 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: Any book on planning has to be easy to read and full of examples on how to do it with forms and illustrations. That is exactly what this book is and why it is called a “guidebook”. The fact that most people do not plan well is well documented by the demographics of the population and the economic situation that a growing senior population is faced with now due to poor planning or no planning earlier in their lives. Since company’s are run by people they exhibit the idiosyncrasies of the people who run them. Many company’s do not have strategic plans or operating plans. Some firms do not even have a budget and operate on a day-by-day basis. The obvious result of this is crisis management, cash flow problems and the constant risk of going out of business. Many company’s both large and small have disappeared due to the lack of a plan and this has been well documented in the business press. Managers do not have a plan for their business because they do not have a plan for themselves. Planning is not something that we are born with a natural ability to do well, or in many cases - at all. Planning is a learned skill and their is a need for simple step-by-step guides which is what this book is about. It has been written as a result of years of experience that the author has had working with hundreds of company’s. The foundation for the book is a process that the author calls the “Plan-for-Planning” - a five step exercise that he has used to help managers build business plans for their company’s. It is a proven formula that has resulted in increased profitability, operational efficiencies and the optimization of the overall allocation of resources for the author’s clients. It also has been the basis for the development of executive level seminars by the author that have been promoted and implemented by BUSINESS WEEK and Inc. Magazine domestically, and Frost & Sullivan internationally. The initial publication of this book was by Inc. as a result of the success of the seminar series for their audience - growing firms. Articles have been written about the Plan-for-Planning process and it has been instrumental in the development of business plans that have resulted in company’s being sold for a premium to the shareholders as a result of the quality of the business planning process. The book has been used by many managers and in some cases continues to be a reference guide for the new businesses that they have become involved with. It is really an easy to use guide for developing a business/strategic plan for any business.
Book Synopsis Real Business Cases in Strategic Planning by : Hakan Butuner
Download or read book Real Business Cases in Strategic Planning written by Hakan Butuner and published by CRC Press. This book was released on 2024-10-23 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows how systematic strategic planning (SSP) can be used on real-world projects for professionals at any skill level. It illustrates how this systematic methodology and its analysis tools—using workshop and brainstorming approaches—can be easily understood and universally applied to any type of business. Rather than explaining the methodology and its tools, the author succinctly shows how to use the simplified version of his methodology for developing strategic plans. But, perhaps more importantly, the reader is shown how to identify which circumstances require the use of particular tools and also how to target them directly to achieve effective results. The SSP methodology and the use of a workshop approach, real-world strategic planning projects, and working forms are presented to guide the reader through preparing the strategic plan for existing or future business. The first part of the book provides an overall framework and briefly describes some of the sections of the systematic pattern of strategic planning. In addition, it explains the use of a workshop approach for strategic planning based on SSP principles. The second part details case studies of strategic planning projects from real-world organizations across a variety of industries. Most of the organizations used both the simplified version of the SSP methodology and the techniques, while others benefited strictly from customizing the SSP methodology.
Book Synopsis Energizing Management Through Innovation and Entrepreneurship by : Milé Terziovski
Download or read book Energizing Management Through Innovation and Entrepreneurship written by Milé Terziovski and published by Routledge. This book was released on 2008-09-04 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth understanding of key variables that play a significant role at the various stages of the innovation process, leading to successful commercialisation of products and services. Combining interdisciplinary studies in entrepreneurship and innovation, the book consists of contributions focusing on theory, research and practise in the field of innovation, management and entrepreneurship. The role of the entrepreneur is addressed as an innovator who recognises opportunities and convert these into marketable products and services through personal commitment, financial resources and management skill; taking appropriate level of risk. Terziovski has selected a variety of chapters focusing on a wide ranging number of topics including corporate entrepreneurship, entrepreneurial learning strategies, the impact of entrepreneurial practises on competitiveness, human resource management and knowledge management. The main conclusion of the analysis in these chapters is that there is a strong relationship between innovation and entrepreneurship. Moreover, this book articulates two contradictory schools of thought; first that firms with a higher entrepreneurial orientation have higher relative international sales and operate in a greater number of foreign countries; and secondly that entrepreneurial orientation is not associated with subsidiary financial or market performance, but is positively and significantly associated with subsidiary idea generation which are subsequently converted into marketable products and services through the innovation process. This book acts as a negotiation between these two perspectives.
Download or read book Strategic Planning written by Gary L. May and published by Business Expert Press. This book was released on 2010-04-01 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategy is about creating a plan to differentiate your business from the competition and to gain a competitive advantage. This book is about the fundamentals of strategic planning for the small business owner and his or her leadership team. Strategic planning is an essential process for every size business. While large businesses may have more resources and time to devote to strategic planning, small businesses have the advantage of being close to their stakeholders and the ability to move quickly.
Book Synopsis Are Small Firms Important? Their Role and Impact by : Stephen Ackermann
Download or read book Are Small Firms Important? Their Role and Impact written by Stephen Ackermann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are Small Firms Important? Their Role and Impact proposes and supports the claim that small firms make two indispensable contributions to the economy. First, they are an integral part of the renewal process that pervades market economies. New and small firms play a crucial role in experimentation and innovation that leads to technological change, productivity and economic growth. Second, small firms are the essential mechanism by which millions enter the economic and social mainstream of American society. The public policy implications for sustained economic growth and social well-being is the continued high-level creation of new and small firms by all segments of society. It should be the role of government policy to facilitate that process by eliminating entry barriers, lowering transaction costs, and minimizing regulation.
Book Synopsis Strategic Management Practices and Challenges. The Case of Small and Medium Scale Enterprises in Harare by : Alick Mhizha
Download or read book Strategic Management Practices and Challenges. The Case of Small and Medium Scale Enterprises in Harare written by Alick Mhizha and published by GRIN Verlag. This book was released on 2015-04-24 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2014 in the subject Business economics - Operations Research, , course: PhD Commerce, language: English, abstract: This research was carried out with the objective of establishing the challenges faced by small and medium scale entrepreneurs in their efforts to adopt strategic management in their value chains. A review of relevant literature revealed that strategic management is a very important approach that all businesses need, no matter their size, in order to enhance effectiveness. It is known to support professionalism, profitability and sustainable value addition when applied according to best practice. Quantitative and qualitative approaches to data gathering were applied to enable the researcher to establish a richer picture of the exact situation on the ground. Quantitative data were collected from a sample of 292 respondents while qualitative data were obtained from a sample of 127 key informants and stakeholders. Drawing inspiration from the survival strategies of the chameleon, the researcher postulated the Chameleon Survival Strategy Model for small and medium-scale enterprises. The model was then used as a benchmark in the analysis of quantitative data, which were treated using the statistical package for the social sciences (SPSS) and qualitative data, which were content analysed. The chameleon survival strategy was used as the standard to assess the extent to which small and medium scale enterprises were compliant with the fundamentals of strategic management as exhibited by the chameleon in its environment. The key findings were that SMEs failed the Chameleon Survival Strategy Model test, based on the overall value of the model’s index obtained after data analysis. It was observed that SMEs did not practice strategic management and were therefore not consistent with the chameleon survival strategies, outlined in the model’s seven attributes. The conclusions drawn, recommendations and implications of the study on Government policy, the work of stakeholders and entrepreneurs, are presented in this document. The conclusions point to the need for Government and stakeholders to revisit their interventions and support programmes targeting entrepreneurs, to include strategic management capacity development. The lack of knowledge and exposure was found to be the key reason for entrepreneurs’ failure to embrace strategic management in their operations. It is also recommended that Government and stakeholders carry out constant needs assessment to establish the exact needs of entrepreneurs, which tend to be quite dynamic.
