As a business leader we often hear the phrase, "you need to work on your business not in your business.”
For purposes of strategy development & execution, I'm defining doctrines as what you believe to be true about your markets, your organization and your opportunities. These fundamental beliefs serve as the foundation of your organization. And more than anything else, your doctrines will define your organization's destiny.
Two weeks ago I had the privilege of spending a full day investing in myself. I learned from leaders across the globe who have paved the way before me and were willing to share their stories and lessons on how I can lead myself more effectively, so that I may lead others. Learning new perspectives and valuable tips for self-evaluation and growth fueled my fire.
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Deciding on your Strategic Approach -- pursuit of opportunistic or prescriptive strategies -- is an essential element of strategic planning.
A professional golfer and his caddie study a golf course prior to the start of a tournament. They collect important information in order to make better decisions and to prepare strategies for how they will play the course. In a similar way, a professional executive will proactively prepare for strategy formulation before making important strategy decisions.
It’s never too early to start your process for Succession Planning. Mapping out both your personal and professional goals, as a business owner, is critical to long-term success.