Unique Content Article: The Essential Factors For Gaining Strategic Insight

<h2 class = 'uawtitle'>The Essential Factors For Gaining Strategic Insight</h2><br />
<div style='font-style:italic;' class='uawbyline'>by Sharlene Fleming</div><br /><br />
<div class='uawarticle'>The pace of change has become so frenetic that many people are actually becoming scared. Businesses and organizations that hope to grow and to survive need to take heed of every change in their operating environments, however. If they fail to do so, they cannot hope to survive. Long term planning must be based upon solid strategic insight. This means that future changes and trends have to be recognized and new plans must be formulated that take these changes into account.<br />
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Many people misunderstand the meaning of the term strategy. They often think that it is a plan, but this is simply not true. A strategy is a broad outline of how the organization plans to react to expected changes in the environment. These changes can be predicted by a study of the various environments that have an influence upon the business. Strategies have to be amended regularly because changes that were foreseen do not always happen as expected.<br />
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One of the things that makes future planning so very difficult is the fact that there are so many possible changes and that each change can have a marked influence upon potential changes in other environments. In this way, for example, can financial upheaval influence planned changes in technology. Each change in every environment has a ripple effect and the study of these factors is very difficult indeed.<br />
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Determining likely changes in the various business environments is a very big challenge in itself. Yet it may be an even bigger challenge to determine the potential impact of those changes upon the organization. This type of analysis requires a very high degree of skill and creativity. Specialists in this field have to play what if games and most of their deductions are based upon assumptions.<br />
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Another very important component of any long term strategy is a SWAT analysis. In this type of analysis the strengths and weaknesses of the business is listed and also the opportunities presented and the threats that are faced. In this way plans can be made to capitalize on opportunities and to neutralize threats. Weaknesses can be turned in strengths, but this is only possible if the analysis is done honestly.<br />
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A strategy hardly ever provides detailed action plans. That is because those at the top levels of the organization are not normally concerned with details. Instead, the strategy is passed on to the next level down, where further analysis is performed. This process is repeated downwards until very detailed action plans are formulated at operational level.<br />
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It is imperative for any business or organization to have an operating strategy. If it does not, it is sure to flounder because it will forever be reacting to unforeseen changes in the environment. This is not only true for large corporates. Of course, there are always unforeseen developments and it is therefore necessary to update a strategy on a regular basis.<br />
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<A href="http://www.qdistrategies.com/marketinsight.php">Strategic insight</A> requires an open mind, exhaustive experience and the ability to spot trends early. This requires a very high level of skills and most larger companies depend upon the services of consultants to perform this function. Nobody can predict the future, but with skill it is most certainly possible to recognize the signs at the horizon.<br />
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New Unique Article!<br />
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Title: The Essential Factors For Gaining Strategic Insight<br />
Author: Sharlene Fleming<br />
Email: nathanwebster335@live.com<br />
Keywords: Marketing, business, marketing, advertsing, internet marketing, consulting<br />
Word Count: 547<br />
Category: Marketing<br />
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