Business Intelligence

Strategic Preparation: Three Critical Steps

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Executive Summary

This is the season for strategic planning as companies look to next year and beyond. Yet many small to mid-size companies jump into the process without proper preparation, hampering the effectiveness of a typical one- or two-day off site retreat. Worse, many of the decisions reached during these retreats are made without sufficient qualitative and quantitative information. Though the author is generally in favor of making decisions vs. being gridlocked by indecision, decisions made without vital facts can be highly dangerous to the company.

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