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Leonard Pokrovski

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2024-07-16 17:47:43 -

Strategic Planning in Business: Stages and Benefits
Strategic Planning in Business: Stages and Benefits The article explains what strategic planning is, what stages it consists of, how and why companies should conduct strategic planning. What is strategic planning? Strategic planning in business is the process of determining the main goals and objectives of the company for the long term, developing a strategy for achieving these...

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Dacey Rankins

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2025-01-10 14:18:36 -

How Accurate Should Our Forecasts Be?
Forecasting is an essential part of business planning, helping organizations make informed decisions about future actions. However, when it comes to setting expectations for the accuracy of forecasts, many businesses face a crucial question: How accurate should our forecasts be? The truth is that the accuracy of forecasts depends on various factors, including the context in which they are used,...

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Dacey Rankins

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2025-08-07 17:25:57 -

How Do CEOs Make Decisions in High-Pressure or Uncertain Situations?
CEOs often face decision-making moments under extreme pressure and uncertainty—whether it’s a market downturn, a product recall, a leadership crisis, or geopolitical instability. In these situations, traditional playbooks may not apply, and leaders must rely on a combination of data, experience, emotional intelligence, and intuition. 1. Balancing Data with Instinct In an ideal...

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Dacey Rankins

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2024-12-24 13:13:30 -

How Do I Align Business Strategy with Organizational Goals?
One of the most important tasks for any organization is ensuring that its business strategy is aligned with its organizational goals. The success of a company depends not only on the quality of its strategy but also on how well that strategy is integrated with the company’s mission, vision, and values. Achieving consistency between the business strategy and organizational goals ensures...

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Dacey Rankins

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2024-12-24 13:06:37 -

How Do I Develop a Business Strategy?
Developing a business strategy is essential for guiding an organization toward its long-term goals. A solid strategy not only helps in making day-to-day decisions but also positions a company for future growth and success. Whether you are starting a new business or looking to refine the direction of an existing one, understanding the steps, frameworks, and processes involved in creating a...

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Dacey Rankins

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2025-03-13 15:44:34 -

Do I Need a Business Plan?
If you’re thinking about starting a business, you might wonder whether a business plan is necessary. While it’s possible to start a business without one, having a well-structured plan can significantly improve your chances of success. A business plan serves as a roadmap, guiding you through each stage of growth and helping you make informed decisions. What Is a Business Plan? A...

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Dacey Rankins

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2025-08-07 17:27:00 -

How Do CEOs Align Short-Term Actions with Long-Term Company Vision?
One of the most critical challenges for any CEO is ensuring that the company’s immediate activities contribute meaningfully to its long-term goals. Balancing the urgency of today’s demands with a focus on the future requires a deliberate and strategic approach. CEOs who succeed in this area foster consistency, alignment, and purpose throughout the organization. 1. Establishing a...

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Dacey Rankins

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2025-08-07 17:33:29 -

How Do CEOs Attract and Retain Top Leadership Talent?
In a competitive, fast-moving business environment, the ability to attract and retain high-performing leadership is one of the most important responsibilities of a CEO. Without the right team, even the most brilliant strategies can fail. CEOs must therefore prioritize executive talent as a core element of their success strategy. 1. Building a Strong Employer Brand Top talent is drawn to...

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Dacey Rankins

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2025-08-22 18:36:02 -

How Do You Define Your Core Focus and Product Vision? (10-Year, 3-Year, 1-Year Plans)
Every successful product begins with a clear vision. Without one, even the most talented teams can drift off course, building features that don’t align with customer needs or business goals. Vision is the north star that guides a product team through uncertainty, competition, and market shifts. But defining that vision is easier said than done. How do leaders create a product vision that...

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Dacey Rankins

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2025-07-16 16:17:18 -

How Do You Keep Motivated Team Members Challenged? Inspiring High-Performers to Go Beyond the Status Quo
A common leadership dilemma is this:“How do you encourage high-performers who are already meeting expectations to go above and beyond?” It’s a good problem to have—but a critical one to solve. When your most motivated team members hit their stride, they may begin to plateau if not continually challenged. These individuals thrive on growth, responsibility, and purpose....

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Dacey Rankins

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2025-08-20 15:48:15 -

How Far into the Future Should Product Planning Go?
Product planning is at the core of effective product management, helping teams define where they are headed and how they intend to get there. But one of the most challenging questions that product managers and executives face is: how far into the future should product planning extend? Should it focus on the next sprint, the next quarter, the next few years, or even a decade into the future?...

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