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Strategic planning is the process an organization uses to define its strategy, create a roadmap and allocate the resources that will get them there. This includes financial as well as personnel resources. There are many techniques used during this process. A SWOT analysis outlines an organization's strengths, weaknesses, opportunities and threats. PEST analysis addresses political, economic, social and technological issues. Though these are two of the more common tools they are not the only valid means of analysis. For a large organization to survive and prosper in a difficult economic climate, their plan must clearly define objectives.Despite the emphasis put on analyzing data and researching new business tools and trends, many large companies have difficulty during the strategic planning process. Managers at all levels often believe that their knowledge of the company and business experience is enough to be effective in contributing to an overall strategic plan. This is not true and the result may be an inaccurate plan that greatly decreases revenue and corporate positioning. There are many tools for analysis, from strategic group maps to the value chain. They can help managers...more
In the last two decades, the private practice has grown to an average of 2.6 doctors, with the associated support staff. Very seldom are sole proprietor practices found. Due to the economics and cost of remaining current with advances, both medical and technological, it is more profitable for doctors to work together, sharing expenses as well as...more
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No one can predict the future. But you can at least plan for it. Proper financial planning can protect you from the ravages that a financial crisis could bring to your doorstep at any time in your life.If you take the initiative to plan in advance you can save yourself from having to go through the traumatic events similar to those that people are going through all around us today. This article will cover four things to do that will help you to prevent major financial disturbances from negatively impacting your life.Spend Less Money Than You EarnOn the top of this short list is spending less than you earn. If you have the self discipline to spend less money than you make and you can save the difference out of every paycheck you will be well on your way to financial well being.Make a BudgetWhen you make a budget you force yourself to make financial planning a part of your life. After you make your budget it's important to keep notes on everything you spend money on. You will be surprised at how much money can leak out of your pockets for things you don't really need or want. When you plug those leaks you will have more to save and/or invest. And you will also probably realize...more
7 Habits of Highly Effective Trading Voluminous amounts of money can be made in the Forex markets. While profits are definitely there for the taking, I wrote this article to help you learn how to manage the highly effective habits of forex...more
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There are also three types of essays in English, each with its own nuances and rules, which you are about to learn about:For and against essays. In such essays, you need to give arguments "for" or "against" a phenomenon. In this case, the peculiarity...more
A wedding day is a sacred day of exchanging vows and committing to a lifetime of devotion to each other. For these reasons it is very special. Because of all of the details involved, it is supposed to be planned at least months ahead with planning...more
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