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Review to Succeed
Key learning outcomes: Learn that conducting regular reviews will ensure your business remains profitable. Explain the benefits of yearly, quarterly, monthly and weekly reviews. Recognise the need to identify both the positive and negative outcomes during a review. Acknowledge that targets should be reasonable and achievable, and that goals can be revised if necessary. Article:…
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How to Conduct a Team Planning Day
Key learning outcomes: Learn that working towards a common goal improves a team’s effectiveness. Recognise that informing your team of the purpose of the planning day and encouraging their participation is crucial to the success of the day. Acknowledge the value of thoughtful preparation for the planning day. Understand that the outcomes of a planning…
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Free Article – Top 10 Tips for Successful Business Planning
Key learning outcomes: Recognise the benefits for your business of business planning, such as increased productivity and profitability. Establish the importance of involving your team in the business planning process to improve employee engagement and motivation. Conclude that detailed research and analysis of the market and your competitors is paramount in successful business planning. Understand…
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Stakeholder Analysis
Key Learning Outcomes Learn that a stakeholder can be impacted by, or impact on, a company and may be an individual or an organisation. Understand the benefits of stakeholder analysis for your business particularly when you are planning to implement changes. Apply the power-interest matrix to determine the level of power and interest a stakeholder…
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Mind Mapping
Key Learning Outcomes Recognise that this centuries-old tool is still widely used in business and education. Understand how mind maps are used to summarise notes, problem-solving, and for clarifying and brainstorming ideas. Practise using the tool, guided by our description of each step. Learn about how we use technology when we brainstorm with our team…
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Boston Matrix
Key Learning Outcomes Learn about the Boston Matrix, one of the best-known business strategy models, developed by Bruce Henderson of Boston Consulting Group in 1970. Benefit from breaking down your business into strategic business units to allow for more detailed analysis and better decision-making. Use Henderson’s model to analyse your business to ensure you are…
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Free Article – Working On Versus Working In The Business
Key Learning Outcomes Understand the difference between working on versus working in the business. Recognise that when you work in your business you are dealing with customers, doing the accounts or producing the products to be sold. Recognise that when you work on your business you are developing strategic and expansion plans, and identifying new opportunities.…
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Action Plan
Key Learning Outcomes Learn how to avoid the trap of having so many things to do that nothing gets done. Create an action plan to enhance your ability to implement new ideas and strategies. Implement three key ideas every 30 days to ensure that you and your business are always moving forward. Develop habits that…
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Business Plan Summary
Key Learning Outcomes Recognise that one of the greatest benefits of business planning is the process itself. Apply the Absolute Best business plan template to help you create a professional document. Use the step-by-step guide to ensure that you have covered all the elements. Understand the importance of sharing the business plan with your team.…
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Financial
Key Learning Outcomes Recognise that the more knowledge you gain on the financial performance of your business, the more strategic your planning will be. Refer to your business’s goals to determine the type of financial information you require. Examine your business’s profitability and learn how to identify areas where you can increase revenue. Use the…