Category Strategy

EP67 What type of entrepreneur are you?

Small Business Entrepreneurs: Start small-scale businesses, often aimed at local markets, like a coffee shop, boutique, or consulting firm. Scalable Start-up Entrepreneurs: Start businesses with the potential to grow rapidly, often seeking investment to expand quickly (e.g., tech start-ups). Social…

Robust Contingency Plans III

Build flexibility into the contingency plan to adapt to evolving situations. Ensure that the plan can be adjusted based on real-time information. Continuous Improvement: Implement a feedback loop for continuous improvement. Regularly review the plan and update it based on…

Robust Contingency Plans III

Prioritization of Risks: Prioritize risks based on their potential impact on critical operations and objectives. Focus on addressing the most significant risks first. Integrated Approach: Integrate the contingency plan with other organizational plans, such as business continuity, crisis management, and…

Robust Contingency Plans II

Here are key elements to consider when creating robust contingency plans: Comprehensive Risk Assessment: Conduct a thorough and detailed risk assessment to identify all possible threats and vulnerabilities. Consider both internal and external factors that could impact the plan. Scenario…

How to set objectives II

More on objectives: Interdependence: Recognize the relationships between different objectives. Some objectives may be dependent on the completion of others, so consider these dependencies when planning the timeline. Ownership: Assign responsibility for each objective to specific individuals or teams. Clearly…

Setting Objectives

Here are key aspects of setting objectives in the planning process: Alignment with Goals: Objectives should directly align with the broader goals or mission of the organization or individual. They serve as the actionable steps that, when achieved, contribute to…

Objectives

Objectives in planning are specific, measurable, and time-bound targets that help organizations, individuals, or teams achieve their broader goals. They serve as the building blocks for the overall plan and provide a clear roadmap for success.  Examples of objectives in…

Effective goal setting

Remember that effective goal setting is an ongoing process. As you achieve one set of goals, you can set new ones that align with your current aspirations and circumstances. Whether in personal or professional life, setting and pursuing meaningful goals…