Tag: Long-Term Planning

How to Create a Strategic Plan for Your Business

How to Create a Strategic Plan for Your Business Strategic planning goes far beyond setting lofty goals; it involves devising ways to accomplish them. This often includes analyzing long-term external forces and meeting regularly (perhaps quarterly) to adapt your plan as necessary. You can start by outlining a road map of critical actions that will…

The Impact of Chief Financial Officers on Financial Strategy

The Impact of Chief Financial Officers on Financial Strategy CFOs often use data analysis tools to help companies reduce expenses. They also can recommend which projects should be prioritized based on their ability to increase revenues or improve cash flow. Identifying risks involves examining how external factors impact a company’s ability to achieve its goals.…

The Role of a Chief Executive Officer in Strategic Planning

The Role of a Chief Executive Officer in Strategic Planning Many CEOs believe a company’s success depends on a clear and concise strategy. But they often fail to realize that a strategic plan must be implemented at the macro level. CEOs perform general management functions like planning, organizing, leading, and controlling. They also search for…