Morning Breakthrough: What are BHAGs?
Oh, hey, you must be here to hear about BHAGs. BHAGs are Big Hairy Audacious Goals and they’re really meant to be something that you can define that will get people excited towards a common goal. Different than usually mission statements or quarterly goals that set, but don’t get people as excited. BHAGs are meant
Morning Breakthrough: Avoid Vanity Values
When it comes to core values, what we don’t want to do is make them vanity values. And what I mean by that is a lot of times people will create core values that are something they want to have the outside world perceive about them, but really have no meaning internally. What we want
How Does Brand Voice Affect Your Marketing Strategy and Conversion Rate?
During the past few decades, consumers have become more engaged with what they see and learn online than by those more traditional media forms like TV, newspapers, and magazines.While all communications are important, marketers can now present their “voice” directly to individuals and specific market segments through social media channels and interesting content marketing.A brand
What Are the Components of a Strategic Plan?
Making a strategic plan is resource-consuming. After all, a lot of research and effort from the whole team goes into it. A company has to take care of multiple components while making a strategic plan that propels it towards growth.Is it worth it? Yes, even if your business is highly successful or at the starting
The top 5 strategic planning methodologies
Strategic planning is an integral part of any business’ success, and it will ensure your business is heading in the right direction. Furthermore, it helps outline your objectives as it’s crucial to helping business owners make their everyday decisions. With the best strategic planning methodology in place, your business will be proactive as opposed to
What Is The Best Strategic Planning Framework?
Transforming your vision into a lucrative business seems like the biggest challenge for most people. Even so, the Business Formation Statistics, a data product of the Census Bureau of the U.S, estimates that there has been a steady rise in business applications for the last decade. In 2010, new business applications amounted to 2.5 million,
The Entrepreneurial Operating System and Its Benefits for Businesses
The Entrepreneurial Operating System (EOS) is a system that was developed by entrepreneur, author and speaker Gino Wickman. This system has been used by well-known companies such as Zoup!, McKinley, and imageOne, to name a few. In short, it’s a way of managing your company in an entrepreneurial manner so you can take control over
How Do Entrepreneurs Write A Strategic Plan?
Starting a business will no doubt be among the highlights of your life. Unfortunately, a study conducted by the University of Tennessee found that 44% of companies fail within their first three years of operation. This statistic might dampen your spirits if you are thinking of starting a business or have just started one. Even
11 Tips For Brainstorming Your SWOT
Every business needs to do a SWOT analysis as it executes its operations. After all, each company should know where it stands and where it is heading. SWOT is simply an acronym for Strengths ,Weaknesses, Opportunities, and Threats. This is crucial for analyzing these four aspects. Otherwise, a business won’t know its current standing without
Why Do Small Businesses Need Intranets?
In 2019, the U.S Small Business Administration reported that the U.S hosted around 30.7 million small businesses. Since then, the number of small businesses worldwide has steadily risen as more people seek financial independence, want to be their own bosses, and follow their passions. Unfortunately, few businesses seem to have enough time in an 8-5
Company Vision: What is it?
Before we start anything, we usually develop some idea about the desired outcome. For a company or organizational startups seeking a refocus to get back on track, leaders also should have an idea of how a successful outcome should look and what the company aspires to become. That outcome, in essence, is the Company’s Vision.
Vision & Mission: What’s the Difference?
Difference between Vision and Mission Strategic planning driven by meaningful Vision and Mission statements helps create common goals within any organization, according to a recent BoardEffect article. While the differences between these statements are often misunderstood or seem to overlap, they represent distinctly different guidelines to achieve organizational success. A Vision Statement should be a
How Companies Can Communicate Their Strategic Vision to Employees
Communication of strategic vision is effective when employees receive a message, understand its intent, and act on it. But the real world presents challenges for employees like: Getting swamped with emails Dealing with personal problems Misunderstanding the intent of the message Encountering distractions In short, a failure to communicate effectively comes at a cost and undermines
Components of a Business Strategy that Marketing Personas Influence
Marketing personas heavily influence business strategies, and when they are backed with solid customer research and insights, they will create better results. Every business has a core customer base, and those customers who are invested in your brand are emotionally connected and will remain loyal to the brand . Creating a marketing persona will help
10 Examples of Great Company Brand Guides
Business owners use branding to convey the essence of their business to their target customers. Do you feel your brand’s logo is efficiently conveying what your business stands for? Do your company’s colors, typeface, brand voice, and messaging, as well as its vision and mission statement, embody what you want your customers to feel about
Why Big Hairy Audacious Goals Are Most Important To Your Business
While some business goals are functional and achieving them is vital to your continued operation, others are aspirational and affirm your long-term vision for your organization. Big Hairy Audacious Goals (or BHAGs) reside in between this gap of practicality and motivation; they express achievable, yet remarkable milestones that can help drive performance and create a
What Are Core Values and Why Do They Matter?
Core Values are more than just words; they are the foundation of your organization and those who work within it. For as important as they are, many companies fail to realize the value in establishing Core Values and inspiring their teams to live by them. What are Core Values?Generally speaking, the Core Values of a business
HR Teams: How to Implement Core Values
So after a lot of workshopping, discussion, and perhaps even a bit of debate, your organization has just established its Core Values–maybe even using Breakthrough to do it––congrats! However, that’s only half the battle–as someone who works in HR, you’ve now been assigned the task of communicating and implementing these important values to the entire