Ad hoc analysis allows businesses to make quick and smart decisions to stay ahead of the competition. When a company is trying to figure out the specific cause of something, this analysis can help them find a solution. Ad hoc allows for the gathering of analytical and statistical data from company-wide and outside sources. And unlike reports made monthly or annually, ad hoc … [Read more...] about 5 Ways Ad Hoc Analysis can Help in Business Planning
business strategy
Effortless Ways to Becoming a Competitive Business
For some, setting up a business may come easy. The availability of funds and other material resources will surely be a significant aid in setting up a business, but what about maintaining one? In the corporate world, not every company is up to the mark, and therefore every business must know how to maintain its position and scope strategically. From free conference calling to … [Read more...] about Effortless Ways to Becoming a Competitive Business
Why Cybersecurity Should Be A Part of Your Business Strategy
Many organizations try to have proper continuity strategies in place to prepare for any eventualities. Most think of events like extreme weather occurrences or fire and so plan around those disasters. But these days, preparing for cyber threats is just as, if not more, important. The current global health crisis is an excellent example of why proper foresight and planning … [Read more...] about Why Cybersecurity Should Be A Part of Your Business Strategy
Ansoff Matrix: 2 Smart Ways to Use in Business
The Ansoff Matrix is a lesser-known strategic planning model that describes business growth strategies. It focuses on whether growth is driven by new products, new markets, or both, and offers insight into how risky a given strategy might be. In this article, we'll look at the basics of the Ansoff Matrix, including what it is, when to use it, and how to use it. What Is the … [Read more...] about Ansoff Matrix: 2 Smart Ways to Use in Business
Why All Business Owners Should Have a Business Exit Strategy
Do you have a business exit strategy? Was it included in your business plan? Or now you’re looking to make a graceful exit from your business and you’re not sure where to start? I’ve got you covered. In this article you’ll find out: What a business exit strategy is The common type of exit strategies A brief introduction to liquidity Which strategy is best for … [Read more...] about Why All Business Owners Should Have a Business Exit Strategy