Category - Planning
Taking the time to reflect upon the past year's performance of your business is an important yet overlooked step in the business planning process.
A siloed organisation is not agile and cannot act quickly on opportunities that arise in a fast-paced business landscape, nor is it able to make productive decisions about how to change in order to seize these opportunities.
Sometimes risks can destroy an organisation or business, while others can cause serious damage that can be costly and time consuming to repair.
Many organisations are trapped in the cycle of having their budget drive their planning process. Think about it… how does this improve your organisation if you're doing the same thing year in and year out?
Working to understand how your organisation is going to deliver on its strategies and goals is an important but often missed step in the planning process.
Leading organisations have a planning process in place that sets priorities to use, direct and build its resources and assets and then applies them to achieve its goals and future value for its stakeholders.