Small Businesses Ignore Strategic Planning At Their Peril

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Small Businesses Ignore Strategic Planning at Their Peril

Author : William Cordeiro
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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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.

Journal of Small Business and Entrepreneurship

Author :
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4./5 ( download)

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Download or read book Journal of Small Business and Entrepreneurship written by and published by . This book was released on 1987 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Strategic Planning in Small Business

Author : Sara Howe
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)

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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.

Strategic Planning for Smaller Businesses

Author : David Arnold Curtis
Publisher : Free Press
ISBN 13 :
Total Pages : 224 pages
Book Rating : 4.:/5 (321 download)

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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:

Effective Entrepreneurial Management

Author : Robert D. Hisrich
Publisher : Springer
ISBN 13 : 3319504673
Total Pages : 241 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Effective Entrepreneurial Management by : Robert D. Hisrich

Download or read book Effective Entrepreneurial Management written by Robert D. Hisrich and published by Springer. This book was released on 2016-12-23 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a comprehensive overview of the essential issues in effective entrepreneurial management. It first introduces readers to the fundamentals of entrepreneurial management, the nature of entrepreneurial managers and business planning, before exploring the specific topics of creativity and innovation, risk management, entrepreneurial marketing and organization as well as financing. The authors then move to contemporary topics such as entrepreneurial growth strategies, e-commerce challenges, ethical and socially responsible entrepreneurial management, franchising, and managing entrepreneurial family ventures. Each chapter provides a case study and several practice-based examples to help explain the concepts. By providing a truly international approach, this text offers ample theoretical and empirical insights into entrepreneurship and small business management. It is a valuable and up-to-date resource for teachers and students of entrepreneurship.

Strategic Planning for the Small Business

Author : Craig S. Rice
Publisher : Adams Media Corporation
ISBN 13 : 9781558508583
Total Pages : 280 pages
Book Rating : 4.5/5 (85 download)

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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.

Lite Leadership

Author : Bennett Annan PsyD EdD
Publisher : WestBow Press
ISBN 13 : 1664233377
Total Pages : 200 pages
Book Rating : 4.6/5 (642 download)

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Book Synopsis Lite Leadership by : Bennett Annan PsyD EdD

Download or read book Lite Leadership written by Bennett Annan PsyD EdD and published by WestBow Press. This book was released on 2021-07-06 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many workplaces have become dark, confused, and in shambles—the COVID-19 pandemic has pushed some companies into crisis. Even though it’s easy to see employees are disillusioned, unmotivated, and uninspired, problems continue to fester. Conventional leadership strategies have helped us develop the internet, go to outer space, and create nuclear bombs. But too often, leaders themselves have made choices at the expense of humanity. A new kind of global leader, a LeaderLITE®, has emerged as a result of globalization. These leaders can deal with multifaceted intellectual and cultural issues, while also being sensitive to the ethical needs of the people they serve. Lite Leadership is necessary for every forward-thinking executive. In this book, you will learn how to become a LeaderLITE®, a holistic leader who attends to all three of components of a human being: mind, body, and spirit. You will also learn how to develop the perfect combination of your Physical health, Emotional stability, Personal growth, Spiritual resilience, and Environmental culture to form your own PEPSE® system of leadership that no longer settles for anything less than the best for mankind. Finally, you will learn how Lite Leadership will help you lead and manage people so they can quickly adapt to this new world of globalization.

Strategic Planning in the Small Business

Author : Charles R. Stoner
Publisher : Thomson South-Western
ISBN 13 :
Total Pages : 228 pages
Book Rating : 4.0/5 ( download)

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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:

Strategy Formulation in Entrepreneurial Firms

Author : Dr Azhdar Karami
Publisher : Ashgate Publishing, Ltd.
ISBN 13 : 1409463001
Total Pages : 228 pages
Book Rating : 4.4/5 (94 download)

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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.

Good Strategy Bad Strategy

Author : Richard Rumelt
Publisher : Currency
ISBN 13 : 0307886239
Total Pages : 338 pages
Book Rating : 4.3/5 (78 download)

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Book Synopsis Good Strategy Bad Strategy by : Richard Rumelt

Download or read book Good Strategy Bad Strategy written by Richard Rumelt and published by Currency. This book was released on 2011-07-19 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good Strategy/Bad Strategy clarifies the muddled thinking underlying too many strategies and provides a clear way to create and implement a powerful action-oriented strategy for the real world. Developing and implementing a strategy is the central task of a leader. A good strategy is a specific and coherent response to—and approach for—overcoming the obstacles to progress. A good strategy works by harnessing and applying power where it will have the greatest effect. Yet, Rumelt shows that there has been a growing and unfortunate tendency to equate Mom-and-apple-pie values, fluffy packages of buzzwords, motivational slogans, and financial goals with “strategy.” In Good Strategy/Bad Strategy, he debunks these elements of “bad strategy” and awakens an understanding of the power of a “good strategy.” He introduces nine sources of power—ranging from using leverage to effectively focusing on growth—that are eye-opening yet pragmatic tools that can easily be put to work on Monday morning, and uses fascinating examples from business, nonprofit, and military affairs to bring its original and pragmatic ideas to life. The detailed examples range from Apple to General Motors, from the two Iraq wars to Afghanistan, from a small local market to Wal-Mart, from Nvidia to Silicon Graphics, from the Getty Trust to the Los Angeles Unified School District, from Cisco Systems to Paccar, and from Global Crossing to the 2007–08 financial crisis. Reflecting an astonishing grasp and integration of economics, finance, technology, history, and the brilliance and foibles of the human character, Good Strategy/Bad Strategy stems from Rumelt’s decades of digging beyond the superficial to address hard questions with honesty and integrity.

Academic Entrepreneurship: Creating The Ecosystem For Your University

Author : Robert D Hisrich
Publisher : World Scientific
ISBN 13 : 9811210659
Total Pages : 343 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Academic Entrepreneurship: Creating The Ecosystem For Your University by : Robert D Hisrich

Download or read book Academic Entrepreneurship: Creating The Ecosystem For Your University written by Robert D Hisrich and published by World Scientific. This book was released on 2020-02-27 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the increasing interest in entrepreneurship, a wealth of new ideas and technologies, and a need for new sources of revenue, the focus of this book is to provide insights on the process, elements, and activities needed for a university to successfully create new entrepreneurial ventures. The topics covered include: establishing the process itself, patents and copyrights, the role of incubators and accelerators, and funding sources for starting and growing the new ventures. This book provides the basics for a university to fulfill its third mission — to positively impact the well being of the surrounding area and the local, national, and world economies.

Technology Entrepreneurship

Author : Thomas N. Duening
Publisher : Academic Press
ISBN 13 : 0124202349
Total Pages : 395 pages
Book Rating : 4.1/5 (242 download)

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Book Synopsis Technology Entrepreneurship by : Thomas N. Duening

Download or read book Technology Entrepreneurship written by Thomas N. Duening and published by Academic Press. This book was released on 2014-08-12 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: The focus of this book is on technology ventures — how they start, operate, and sometimes exit profitably. In short, it covers all the elements required to launch a successful technology company, including discussion of cutting-edge trends such as "entrepreneurial method" and "lean startup," emphasis on the ideation process and development of an effective business plan, coverage of product and market development, intellectual property, structuring your venture, raising capital, sales and marketing, people management, and even strategies for exiting your venture. This is not another armchair book about entrepreneurship. It’s a working guide for engineers and scientists who want to actually be entrepreneurs. An intense focus on product design and development, with customers and markets in mind Extensive discussion of intellectual property development, management, and protection Potent insights into marketing and selling technology products to the global marketplace Techniques for forecasting financials, raising funds, and establishing venture valuation Best practices in venture leadership and managing growth Overview of various exit strategies and how to prepare the venture for exit

Why Strategic Plans Fail

Author : Can Akdeniz
Publisher : Can Akdeniz
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4./5 ( download)

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Book Synopsis Why Strategic Plans Fail by : Can Akdeniz

Download or read book Why Strategic Plans Fail written by Can Akdeniz and published by Can Akdeniz. This book was released on with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Careful strategic planning is paramount for organizations seeking to establish themselves in our dynamic economy. Still, even the best thought-out strategic plan will falter if employee buy-in is not supported and a thoroughly considered implementation process is not put into effect. This book casts light on these dark corners of entrepreneurship and share with you the kind of knowledge that can save you a lot of time and frustration. But most importantly, it can save you from failing in your venture. A thoroughly prepared strategic plan is vital for reaching objectives and goals; any business depends on careful planning to be successful. Regrettably though, many individuals, groups and organizations, fall short when it comes to executing their plans. The outcome can be wasted time, cash and various missed opportunities. If a strategic plan is to be successfully implemented, one must count for a number of interrelated factors. We will address the most crucial of these in the following chapters of this book. Creative awareness of the pitfalls of strategic planning will help to circumvent organizational failure.

Journal of Small Business and Entrepreneurship

Author :
Publisher :
ISBN 13 :
Total Pages : 618 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Journal of Small Business and Entrepreneurship by :

Download or read book Journal of Small Business and Entrepreneurship written by and published by . This book was released on 1987 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Succession Planning for Small and Family Businesses

Author : William J. Rothwell
Publisher : CRC Press
ISBN 13 : 1000728331
Total Pages : 322 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis Succession Planning for Small and Family Businesses by : William J. Rothwell

Download or read book Succession Planning for Small and Family Businesses written by William J. Rothwell and published by CRC Press. This book was released on 2022-10-04 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who will lead your organization into the future? Have you created the systems to properly implement required succession transitions? Have you put the financial tools in place to fund the transition? Do you want a plan that connects with your personal and company core values? When do you include timely planning related to strategy and talent issues? What are the appropriate communication strategies for sharing your plan? What legal issues need consideration related to the strategy, financial, and people aspects of succession? So, what is preventing you from starting this effort tomorrow? Small and family businesses are the bedrock of all businesses. More people are employed by small and family-owned businesses than by all multinational companies combined. Yet the research on small and family businesses is bleak: fewer than one-third of small business owners in the United States can afford to retire. Only 40% of small businesses have a workable disaster plan in case of the sudden death or disability of the owner, and only 42% of small businesses in the United States have a succession plan. Fewer than 11% of family-owned businesses make it to the third generation beyond the founder. Lack of succession planning is the second most common reason for small business failure. Many organizations often wonder where to start and what to do. Succession Planning for Small and Family Businesses: Navigating Successful Transitions presents a comprehensive approach to guiding such efforts. Small and family-owned businesses rarely employ first-rate, well-qualified talent in human resources. More typically, business owners must be jacks-of-all-trades and serve as their own accountants, lawyers, business consultants, marketing experts, and HR wizards. Unfortunately, that does not always work well when business owners embark on planning for retirement or business exits. To help business owners avert problems, this book advises on some of the management, tax and financial, legal, and psychological issues that should be considered when planning retirement or other exits from the business. This comprehensive approach is unique when compared to the books, articles, and other literature that currently exist on the market. This book takes on a bold and integrated approach. Relevant research combined with the rich experiences of the authors connects this thorough, evidence-based approach to action-based approaches for the reader.

Competitive Information in Small Businesses

Author : Thomas Chesney
Publisher : Springer
ISBN 13 : 140201175X
Total Pages : 180 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Competitive Information in Small Businesses by : Thomas Chesney

Download or read book Competitive Information in Small Businesses written by Thomas Chesney and published by Springer. This book was released on 2003-02-28 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about using information in small businesses to compete; it is about strategy and information systems. It examines problems that these businesses face and suggests some solutions. It looks at how strategie planning takes place and how information systems should be designed and developed in line with strategy, from a business rather than a purely technical point ofview. The main contribution made is proposing an approach to crafting strategy, designing new business processes and information systems planning that could realistically be used by the average small business, that is one without great knowledge of strategy or information systems, and one that cannot afford to buy in this knowledge. The approach differs from others suggested in the literature in that it emphasises the important role of creativity in the process of creating strategy and in information system design and illustrates where this creativity may come from, it emphasises the importance of getting staff involved and it attempts to lessen the communication problems that exists between business people and information system developers, something that historically has caused problems.

Strategic Planning For Dummies

Author : Erica Olsen
Publisher : John Wiley & Sons
ISBN 13 : 1118050568
Total Pages : 389 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Strategic Planning For Dummies by : Erica Olsen

Download or read book Strategic Planning For Dummies written by Erica Olsen and published by John Wiley & Sons. This book was released on 2011-03-03 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you’re starting a new business or planning your business’s future, there are plenty of things you should take into account. Strategic Planning For Dummies covers everything you need to know to develop a plan for building and maintaining a competitive advantage — no matter what business you’re in. Written by Erica Olsen, founder and President of a business development firm that helps entrepreneurial-minded businesses plan for a successful future, this handy guide covers all the basics, including: How a strategic plan is different than a business plan Establishing a step-based planning process Planning for and encouraging growth Taking a long-view of your organization Evaluating past performance Defining and refining your mission, values, and vision Sizing up your current situation Examining your industry landscape Setting your strategic priorities Planning for unknown contingencies If you’re in business, you have to plan for everything — especially if you intend your business to grow. Whether you’re planning for a small business, large conglomerate, nonprofit, or even a government agency, this book has the planning specifics you need for your organization. Step-by-step, you’ll learn how to lay the foundations for a plan, understand how your plan will affect your business, form planning teams, discover what your strengths are, see where you are, and, finally, plan where you’re going. And there’s much more: Learn to analyze business trends that will determine your business’s future Set measurable, realistic goals that you can plan for and achieve Make strategic planning a habitual part of the organization Prioritize multiple strategies that you can implement simultaneously Set a defining vision for the organization that guides all your planning and strategy This friendly, simple guide puts the power of strategic planning in the palm of your hand. For small businesses that can’t afford to hire strategic planning consultants, it’s even more imperative. Careful, constant planning is the only way to handle an uncertain business future. With this book, you’ll have all the step-by-step guidance you need to ensure you’re ready for anything that comes.