Strategic planning is a method of planning events in a strategic manner in order to accomplish the goal at hand. This type of planning works by looking at the whole picture and you then figure out how you are to get from one place to another. Probably the most important example of strategic planning is that which is done in the military. In this example, we could say that the strategy is to overtake an area while the tactical planning is how you will fight each battle. The strategy is the plan to get through the whole picture.Now, take this to the leaf of business strategic planning. "Strategic planning" can work in a number of ways in a business environment. For example, you may want to make a plan to get the business from one level to the next. Depending on what that is, you can make a plan that the business will follow to achieve the end results. Here are some ways in which this type of planning can be put into place. Financial aspects such as profit, loss, increasing sales or lowering costs. In human resources, you can devise a strategic plan to recruit new hires, to promote individuals, to staff a location quickly. Also, you can use strategic planning in your business marketing plans. How you will market, where you will market, and how much you will spend in those areas are all determined through the strategic planning.Like any other things in business, though, you also have to have back ups when it comes to your strategic plan not working. This will help you to find the right choices each time. Because you will have something in place to handle things when they go bad, you will feel more confident about your plans. Strategic planning is something that any company or business can use quite effectively.
Most leaders want to improve their business. After all, these improvements lead to increased profits through greater productivity and efficiency.Sometimes clues to important improvements lay hidden in events that everyone takes for granted.For example, how well do you score on the following quiz about your meetings?
The constant ringing of telephones and a somehow mountainous pile of paper work can slow down even the most organized start-up business or entrepreneurial venture. Yet for many, the cost of hiring a full-time Administrative Support Assistant is prohibitive and, for many people, simply impractical. Very few start-up businesses have the resources to pay employee related expenses such as vacation pay, health insurance, retirement benefits, etc. Ignoring the never-ending stack of paperwork could result in holding back your new business before it has even started. A possible solution could be to hire a Virtual Administrative Support Assistant. More and more people are turning to these highly skilled e-professionals for help. A Virtual Administrative Support Assistant (V.A.) is an experienced executive assistant who has their own business, with her/his own fax machines, computers, scanners and telephone lines, not to mention a wide array of popularly used software programs, resources and skill. She or he can do secretarial and clerical duties including but not limited to: basic record keeping, database and contact management, keeping your website sparkly and up-to-date, calling your clients and confirming appointments, not to mention the hundreds of other useful tasks that can be lifted from your fingers into able bodied hands. But perhaps most important of all, she can do these things with the highest professional ethics and skill without ever stepping into your office. The V.A. has materialized as a result of a corporate downsizing, economic feasibility and the lure and attractiveness of many e-workers and e-entrepreneurs that enjoy the freedom of working out of their own office space. As more and more people have become self employed, developments in telecommunications have allowed them the ability to accomplish a vast amount of work from an off-site location. Apart from taking on your administrative overload, the V.A. can help promote your corporate creed, philosophy and image to clients, lending a professional stability that may otherwise be lacking. If you have V.A.'s in several time zones, you can have true 24/7 support for your company. Support such as this is especially important in the growth phase of the company, when the business is trying to get off the ground, and bringing in new sales is vital, at a fraction of the conventional cost of a full time administrator. Should you think about hiring a V.A.? If you are an entrepreneur, are self-employed or do not have the resources to justify an office with a full-time Support Assistant... than yes, possibly you should! People who hire V.A.'s are often people who are consistently traveling, or who need to have someone maintaining their business concerns while they are away or who are otherwise occupied, i.e.: Stockbrokers, Real Estate Agents, Coaches, Consultants, Salespersons and Motivational Speakers all commonly utilize the power of Virtual Assistants. The number of new V.A.'s grows every day, largely due to the increased presence of trade organizations that aim to benchmark and solidify the V.A. field. Many V.A.'s have the ability to service clients worldwide, so if your company has a London, Chicago and Manila office, you can have high quality administrative support in all locations! So, it makes sense to consider out-sourcing much of your administrative overload to a Virtual Assistant.Taryn Merrick, OwnerMerrick Management And Media Serviceswww.merrickmgt.com / firstname.lastname@example.org
The term Operational Risk Management (ORM) is not new. It has been tossed about in businesses across North America for the last several years. ORM and the oft associated term Enterprise Risk Management (ERM) have generally been used as corporate buzzwords, business culture idioms referenced in board meetings and articulated during presentations. Recent developments, such as the creation of the Sarbanes-Oxley (SOX) Act in 2002 in response to growing financial scandals in the U.S., have brought Operational Risk Management, Enterprise Risk Management and related concepts from the backrooms to the forefront of corporate America. The inescapable reality is that every single day businesses incur losses and experience operational disruptions due to failures by employees, incorrect implementation of processes and technologies as well as wilful disobedience to internal controls. These losses may be manifest in the form of uncollectible receivables from disappointed clients, lost sales due to call centre failures or unproductive employee downtime when computer systems are unavailable, or a host of other potential problems. While most businesses have developed ad hoc methods of dealing with such losses in the past, legislation (such as SOX and the Basel Accord) has made standardized compliance procedures much more complex. Thankfully, just as these new rules have given rise to increased awareness of ORM/ERM, new tools (including Risk Management software) have been developed to aid compliance efforts.The new regime of Sarbanes-Oxley, under the direction of the Public Company Accounting Oversight Board (PCAOB) which is in turn accountable to the Security and Exchange Commission (SEC), has undoubtedly benefited the business world by providing a foundation from which to decrease corporate fraud. However, the complexity and associated technical, labour and administrative costs posed to business is also considerable. The realities of both individually large and collectively mundane errors resulting in loss, as well as the newly regulated reporting of those losses, affect virtually all areas of every business each and every day. Therefore, it is in each companys best interest to simultaneously find ways to cut losses while keeping regulatory compliance costs down. Hence the rebirth of Operational Risk Management/Enterprise Risk Management and the new demand for Risk Management software solutions.Traditionally, few operational losses were measured in any accounting system, and rarely were the loss incidents tracked and analyzed in any way; the time and paperwork required to do so was simply daunting. Because there was no standard legislation in place, any Risk Management software tools were often proprietary and slightly more than electronic log books at best. New technologies and attitudes have allowed loss incidents to be seen as more predictable and able to be grouped into risk categories. Proper analysis of these incidents can result in attribution to root causes which aids in mitigation. Even this beginning leads to dramatically reduced costs while achieving huge gains and strategic advantages from well crafted Operational Risk Management policies and Enterprise Risk Management procedures.Changes in legislation, technology and attitudes related to ORM/ERM have produced not just economic gains, they have led directly to re-invigorated business innovation and even created improvements in the quality of life. For example, safety, quality and environmental related loss incidents have proven to be not only manageable and avoidable, but sound management of these issues has conferred greater advantage on those who succeeded while driving many who did not adapt out of business. While large scale corruption may have brought about regulatory changes, these changes have spurred a re-visioning of Enterprise Risk Management. Advanced Risk Management software has allowed business to more directly mitigate losses. This has resulted in a cleaner, more efficient and more competitive business environment.In the post-SOX environment, the same social and political pressures on organizations are present. Improved attitudes and tools have encouraged the proliferation of sound Operational Risk Management to the economic and strategic benefit of those properly prepared for the journey. To find out how Paisley Consulting can help your company on that journey, whether through the provision of powerful Risk Management software or expert consultation on Enterprise Risk Management, visit www.paisleyconsulting.com.
Inventory control is the most basic form of protection that you should have in your retail establishment. If you have people come into your location, then you need to make sure they are not leaving with anything that they should not be. But, many business owners do not know the right way to handle inventory control. There are various methods that you can use and they all work well in their specialties. If you have had enough with shoplifting, employees stealing or other loss prevention issues, then it is time to consider a reliable inventory control system. First, take a good look at your options. There are several options in front of you as well. For many, a simple security system of some sort can be installed. For others, you can count on using a security team. Regardless, there are many options out there that can help you with your inventory control issues. But, how will you choose the correct one for your specific needs? Here are some things that you need to consider. While you will want to consider several systems, youll want to examine just how each one works. What is needed? What area is covered? How well does this type of system fit your specific location? Next, consider the various problems that may happen with the inventory control system. Do you need monitoring by a person? Do they record-tape? Do they provide for some sort of alarm when something goes out of bounds? Next, consider how difficult these will be to use for your employees. Will it help in prevention of employee theft as well? Lastly, you will want to consider the overall cost of the inventory control system as well as the amount of money that it can save you in the next year, five years, or thirty years down the road. Then, you will know which the best inventory control option for you is.