If one does not do any planning, one is planning to fail.Written by The International Business Foundation
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•Defensive strategies It may happen that your enterprise finds itself on receiving end of competitive thrusts by opposition. In such scenarios one needs a number of options to defy competitors. Position defence is most difficult alternative. The danger is that business engaged in this form of defence will rely on existing products or business methods. A flanking defensive strategy is one where an enterprise will ensure that competitors will not pursue flank attack strategies. To do this, business should ensure that it does not neglect any segments of its market or any geographical areas. Once a competitor gains a foothold in one of these, your business may be in jeopardy. Businesses may opt for a preemptive defence. This is carried out when business takes action steps before a competitor launches an attack. Some enterprises will execute such a strategy when they sense a competitor growing too big for comfort. Strategies to keep other parties on defence will be actively pursued. Some enterprises will initiate severe price cuts to force other parties to imitate. Obviously such moves are difficult to mirror should one not be in a position to weather effect on cash flow.CONCLUSION Strategic planning is not a panacea for ills. It will not automatically ensure success. Sometimes one will make mistakes, assume incorrectly and make incorrect decisions stemming from this. The alternative, not to undertake any strategic planning, is even more dangerous. If one does not do any planning, one is planning to fail. Get more information at http://www.mini-mba.info The International Business Foundation info@mini-mba.info
Providing outstanding leadership in management education has been a personal mission for several decades. The International Business Foundation was founded in 1989 with the express purpose of bringing together intercontinental leadership, knowledge and skills. Whether our primary need is a qualification and or Business and leadership skills. We make it our business to help you.
| | Virtual Assistants... Even Santa Needs One! Written by Janet Barclay
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You can even give a gift certificate for VA services to someone you know - you'll both save time! Of course, Virtual Assistants can be an asset to your business any time of year! Many entrepreneurs, especially those working from home, find that business ownership is not as rewarding as they expected, either personally or financially, because administrative tasks are keeping them from work they are truly passionate about. By using a VA for your word processing, spreadsheets, database development, mailing list management, research, or other administrative tasks, you'll have more time for work that you enjoy and which increases your bottom line - and isn't that why you started your own business in first place?
Janet Barclay, Organized Assistant, is a Professional Organizer, Virtual Assistant and Time Management Consultant. For more resources to enhance your productivity, visit http://www.organizedassistant.com
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