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Strategic planning is crucial for a business as it creates a map to follow and course-correct if necessary. The first part of a strategic plan is the business plan that outlines the purpose of the ...

As an example, a bakery's strategy map might list increasing cake sales (financial), extending the product line to include wedding cakes (process), raising awareness among brides and reception ...

A deeply strategic application of something rarely glamorized: cost simplicity. Not frugality in the extreme-couponing sense—but a radical reduction of fixed obligations, paired with ...

2. Revisit your philanthropic plan. For many, wealth provides an opportunity to give back to the people or causes they care about most. If philanthropy is a pillar of your financial plan, the ...