You’ve probably heard the adage that “failing to plan is planning to fail.” Nowhere in business management is that truer than in financial planning, the lifeblood of any business. At ROI Capital Consulting, we have seen many companies fail to do any kind of adequate financial planning, operating instead on a seat-of-the-pants approach to future …
Financial Planning – A Critical Factor in Business Success Read More »
For most businesses, startup funding is necessary to get them off the ground and to sustain them for an initial period. Some startups seek funding from friends and family, which can be an excellent approach. Others, perhaps because of a need for larger funding, seek professional investors. The single most important basic is having a …
McKinsey published a great study on how companies often fail to allocate resources appropriately to strategic initiatives, even after spending a lot of money on the strategy development. Those companies who do put their money where their strategy is enjoy significant bottom line benefits. So, why do so many fail? McKinsey’s report concludes that: “…the …
Strategic discussions at the senior management level are often missing a clear set of guidelines and can be disjointed and incoherent. McKinsey conducted surveys with hundreds of senior executives and found that very few companies have a comprehensive, focused approach to strategy (see Have You Tested Your Strategy Lately). They developed a set of 10 …
Strategic Discussions: Overcoming Irrational Biases Read More »
