8 tips for getting started with Product Portfolio Management
Product Portfolio Management (PPM) is a high-stakes process businesses master to manage their product lines. It’s not an easy feat, especially with a plethora of products to tend to at any given moment. Managing these products can be daunting, and executing PPM with precision is crucial to the longevity and prosperity of your business. What […]
How to improve your bottom-line, product development cycle, and go-to-market time.
The following tip will help improve your bottom-line, quality, product development cycle, and go-to-market time.
Traditionally, products were developed to serve a large market segment with a similar need. Every aspect of the product and the supporting services were specifically designed and developed to satisfy the needs of this group of potential customers.
Employees your biggest asset but your biggest security risk!
Are organizations prepared to cope with a targeted cyber-attack in 2021? Organizations face a dynamic threat landscape, and an average of 64% of CISOs believe they are at risk of suffering a material cyber-attack within the next 12 months. 81% of Dutch CISOs say their organization is unprepared, according to the Proofpoint 2021 Voice of […]
How To Write KPIs
Key performance indicators or KPIs are one of the most powerful tools in a business’s toolbox. As a measurable metric, KPIs demonstrate how well your business is performing against your strategic objectives. While KPIs are often interchangeably used with ‘metrics,’ they are much more than numbers. By tracking the performance of departments and individuals, you can make critical adjustments as needed in strategy execution to achieve your business objectives. In addition, these indicators help you break down strategic objectives into smaller, quantifiable data points.
How to Define or Structure Projects that Align and Contribute to Your Strategic Objectives
For many organizations, defining the strategic objectives can mean their business strategy is completed. However, the most carefully crafted strategies can fail to deliver tangible results without appropriate implementation. Aligning your business’s strategic objectives with projects is the key to achieving strategic objectives. Aligning your project with your organizational objectives allows you to gain an […]
How to Develop Strategic Objectives and Strategic Focus Areas
Creating a strategic plan for a business is a challenging task, but it is an inevitable part of building a successful enterprise. A business without a well-laid-out strategic plan finds itself struggling to recover in times of crisis. On the other hand, as long as you have a plan, you have direction. To create a strategic plan that is easier to implement and stick to, you need to specify your strategic objectives and strategic focus areas. These are the pillars on which your strategic plan is built.
How to Write a Mission, Vision, and Value Statement
A strategic plan is incomplete and doomed for failure if it isn’t guided by three essential components: mission, vision, and values. In the absence of a well-crafted strategic plan, work occurs aimlessly, and stakeholders remain uninformed and unchallenged. As a result, you may not be able to make the most of your capital and human resources, unable to set the right direction for your company, and struggle to meet your long-term goals.
Your strategic planning process is invisible to others and private only to you. But your mission, vision, and values are on your website, in your marketing materials, and in investor and shareholder reports. They communicate your strengths, ambition, and values.
How to Write a Strategic Plan
If you want to succeed and to continue succeeding, you need a solid strategic plan. Of course, creating your strategic plan isn’t the most glamorous thing about running a business. But it doesn’t have to get overwhelming and complicated. As long as you follow a structure whose elements flow into one another, you should have no problem preparing your strategy plan document and enjoying your experience putting it together.
Things you need to know about the next-generation cyber-attacks.
Businesses, industries, or even the world is becoming more digital and interconnecting more than ever, including the risks associated with a digital world. Digital services, processes, and systems are all a part of the bigger global cyberspace. Cyberspace is a complex environment where interaction between people, software, things, and services comes together.
Successful Strategy Execution: What’s the Secret?
Almost all businesses have corporate, functional, or business-level strategies. To formulate the required strategies requires the allocation of a considerable amount of effort, money, and time. This investment can be wasteful if the implementation of the strategy is ineffective or wrong.
While the objective to define the company’s strategy and pursue it by making the right resource-allocation decisions sounds simple, most companies struggle with execution. However, flawless strategy execution is the critical factor that determines whether a business succeeds or fails.