The Internet of Things (IoT) impacts nearly all aspects of life, including how you run your business. This innovative system integrates four important components, including connectivity, sensors/devices, a user interface, and data processing. Together, these components work together to connect to not just phones and computers, but to a wide range of objects and devices […]
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What Is a SWOT Analysis? (And How to Do It Right)
Businesses often turn to a SWOT analysis to develop strategic planning and evaluate their competitive position in the marketplace. SWOT, which stands for strengths, weaknesses, opportunities, and threats, can be a valuable tool when project planning or determining where your business stands, both internally and externally. So, what is a SWOT analysis, exactly? It is […]
How Effective Leaders Operationalize Strategic Business Plans
Business leaders are always looking for new ways to reach their goals; however, it is common for businesses to develop strategic plans and then fail to put them into action. Strategic plans are simply wasted efforts if they are not properly operationalized. Operationalize simply means putting a plan into operation or use. This involves monitoring […]
What Is the Internet of Things?
The Internet of Things (IoT) and the impact that it has had on the way that we live and work has become a topic of conversation in recent years. IoT refers to the billions of devices all over the globe that are now connected to the internet that collect and transfer data. Exactly What Is […]
Growing Your Business Through Visioning Exercises
As a key player in your business, you may be looking for efficient ways to grow your organization internally. Executives who spend more time engaged in strategic planning often find more success when implementing organizational changes. Visioning exercises act as a powerful tool in the strategic planning process. When done right, a visioning exercise can […]
Why is Strategic Planning Important?
Strategic planning is more than just a guideline for your business’ future. It is essentially a blueprint that identifies goals, sets priorities, and establishes the direction that your company should go in for long-term success. Without a strategic plan in place, you are more likely to experience disruptions in performance as you jump from one […]