PlanningSkills.COM Thursday, February 11, 2016 PST

Home Page
DSSResources.COM
PowerEnterprises.Net

Content Channels:

Ask Dan!
Glossary
Library
Planning Tips
Slides
Web Links

Site Information

About Us
Disclaimer
Privacy Statement
Welcome


Welcome to PlanningSkills.COM

This website focuses on a wide variety of topics related to organization and individual planning situations. The primary focus is business planning.

Planning is an anticipatory decision making process that involves situation analysis, forecasting outcomes and events, evaluating alternative courses of action, anticipating consequences and considering implementation issues and contingencies. Planning often begins with asking one or more questions, for example: What if ...? Could we ...? Do we ...? Is it possible...? How should we respond ...? How can we ...? Is it feasible to ...?

In general, planning is a proactive process that is intended to help individuals, groups and organizations achieve performance objectives.



Featured Glossary Term

VRIN

One can use Barney's (1991) VRIN framework to determine if a resource is a source of sustainable competitive advantage.

To be a basis for sustainable competitive advantage, resources must be:

1. valuable -- a source of greater value, in terms of relative costs and benefits, than similar resources in competing firms

2. rare -- rareness implies that the resource must be rare in the sense that it is scarce relative to demand for its use or what it produces

3. inimitable -- it is difficult to imitate or cannot be imitated

4. nonsubstitutable -- means there is no substitute, other resources do not provide the same function


Featured Planning Tip

Seize the initiative

If you have a strategic plan, seize the initiative in your tactical actions. Take control of a situation and make sure you can stay in control. You don't need to wait for others to act. Often it is advantageous to seize the initiative and act.

Staying on the offensive is recommended by the Army Field Manual of Military Operations.

Knowing when to act is as important as knowing what to do in many situations. We want to act when the time is "right", yet delay and procrastination may lead to a failure of inaction. When in doubt, seize, retain, and exploit the initiative. Act to implement the plan! Keep your competitor off balance and unable to act proactively.

Direct action is the most effective and decisive way to attain a clearly defined objective.







Home |  About Us |  What's New
Copyright © 2004-15 by D. J. Power (see his home page). PlanningSkills.COMsm is maintained by Alexander P. and Daniel J. Power. Please contact them at djpower1950@gmail.com with questions. See disclaimer and privacy statement. This page was last modified on December 8, 2015.
Google
 
Web planningskills.com