How to do the year end strategic thinking? - PowerPoint PPT Presentation

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How to do the year end strategic thinking?

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Strategic thinking is all about making decisions about where one needs to invest the resources available in the business and where not. The avenues are many such as staff efficiency, customer attention, marketing, infrastructure etc. – PowerPoint PPT presentation

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Title: How to do the year end strategic thinking?


1
How to do the year end strategic thinking?
2
  • Strategic thinking is all about making
    decisions about where one needs to invest the
    resources available in the business and where
    not. The avenues are many such as staff
    efficiency, customer attention, marketing,
    infrastructure etc. We bring to you an account
    on how to go for the year end strategic thinking
    and strategic planning

3
Limiting factor in the business
  • A number of factors may be limiting the
    growth of the business, you need to factor out
    the biggest limiting factor. Once you get clear
    on what limits your business, you surely can pave
    way for the factors which would enhance the
    growth of your business.

4
Ways to limit the limiting factor
  • Indeed, this is a challenge, but once you
    overcome this challenge, half of the battle can
    be won instantaneously. It will take a great
    amount of strategic thinking skills to devise
    ways to push back the limiting factor. Make a
    list of all the solutions.

5
Categories the solutions as a home run or less
likelihood
  • Some of the solutions if worked will give a
    good payoff, mark them as Home run. On the other
    hand, less likelihood solutions are those which
    are difficult to implement and the probability of
    them working is almost nil.

6
Determine the sweet spots on the list
  • These are the solutions which brings a good
    pay off and their implementation will not cost
    much of the trouble to the business. You must
    invest in such critical areas as there is a
    surety of them giving the best results.

7
Clarify the aspirations from business
  • A lot of business individuals are not aware
    about what they aspire from their business. The
    idea of vision of the business both in
    qualitative and quantitative terms should be
    crystal clear in the minds of one and all. If the
    business is targeting a new niche or it aspires
    to augment its market share in the coming year,
    the employees must be aware of this.

8
Target setting
  • An important professional skill that works
    here is the goal setting and sub goal setting.
    For instance, if one plans to achieve a sales
    volume of 6 million in the next 5 coming years.
    The thinkers need to set the sub goal for sales
    volume for each of the 5 years with a lot of
    brainstorming.

9
Clear idea of job role
  • There must be clarity on what is to be done
    by whom and when and according to what standard.
    You can never make people accountable for tasks
    in the absence of articulating roles and
    responsibilities.

10
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  • Mumbai - 400027,
  • Maharashtra, India.
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