Business Plan Archives

Nov14
Managing the Competition: The Successful Target Strategy
The announcement by Wal-Mart (WMT) that it will compete largely on price for the holiday season has everyone talking about the way it will impact their nearest competitor - Target (TGT). The truth is that I think Target has positioned itself...
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Nov12
Why Many Annual Business Plans Fail
Understanding the things that should never change, along with the things that will always be in transition, is a key to becoming an effective manager. In the case of vision and writing an annual business plan, this understanding couldn't be... Continue Reading
Nov 4
3 Ways to Guarantee Success with Next Year's Plan
In thinking about plans for the next year, all managers need to examine themselves in the light of the results of the plans made in past years and how they performed. Many times our strategic planning efforts are thwarted even... Continue Reading
Oct28
Do you really plan for a worst case scenario?
Being one that always likes to look at things as they really are, and not how I wished they could be, it made me contemplate managers or business owners that write business plans that include "worst case scenario." Jeff Cornwall... Continue Reading
Oct 7
Walmart's Stephen Quinn on how to manage customer touch points
Advertising Age Contributing Editor Mya Frazier interviewed Stephen Quinn, senior VP-marketing at Wal-Mart Stores. One question that was asked was answered in a way that I think will really help us on managing the touch points of our people with... Continue Reading
Sep15
Lessons from Ford Motor Company
The problems that exist at Ford Motor Co. (F), give a good example of how not to do things. For a number of years the market has been telling them what they must do and they have literally had no... Continue Reading
 


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