The current global economy is characterized by the doctrine of survival of the fittest and marked by the changing face of the business environment. Currently, each company strives to remain relevant amidst such a competitive environment. One of the assured ways for this to be achieved is for quality products […]
Tag: business planning
Basic Business Planning Strategies
There are a number of reasons why planning is necessary: 1. The future is not an extension of the past. 2. The rate of change in the marketplace will continue to accelerate. 3. Technological progress is taking place at an extraordinary rate. 4. Regulatory issues require constant attention. 5. Population […]
Scenario Planning in Business
Nearly 32 years ago, the science fiction writer, Isaac Asimov, wrote: ‘No sensible decision can be made any longer without taking into account not only the world as it is but the world as it will be.’ This sentiment is now enshrined in business strategy, as organisations increasingly turn to […]