Critical Thinking
Analysis and critical thinking are essential skills for business people. We all try to use our own analysis and critical thinking to make the best decisions with the information we have available. Problem is that not everyone has the proper insight and/or experience to see what the best way to resolve one's situations. Generally people tend to short cut or even flatly ignore important factors that lead to logical, cogent decision making.
At Vertex, our experienced consultants will help you understand all the critical factors involved and to craft up the optimal solution which will then serve as the basis for your strategic and tactical business planning.
Vertex's teams of consultants are those rare individuals who are able to constantly identify and choose the best options to execute. Their decisions are imaginative, well reasoned, and defensible. Vertex employs the best of breed techniques and solutions utilized by Fortune 500 companies.
Strategic and Tactical Planning
Strategic planning involves upper management of a small business, whereas the tactical planning involves the organization as a whole.
Tactics are the actionable building blocks of your strategy. Tactics comprise of what is done pursuant to strategic planning. The strategic phase of business planning is the analysis of viability in meeting the stated goals. Tactics are the actions required to carry out the strategy. Strategies can be a combination of tactics involving key personnel, all working toward together in reaching a common goal.
When planning strategically, the stated outcome is initially establish with a realistic baseline taking into consideration all internal and external factors by conducting critical analysis across different arenas. You need to draw up an aggressive plan to support research findings listing defined strategic objectives. The plan should reflect perceived challenges and the expected end results.
To sell the strategy to all stakeholders involved, you will need to have a well defined plan. Make sure that the tactics are likely to lead to the strategic benefits you desire. In tactical planning, you need to understand strategic goals and decipher the goals and implement courses of action for attainment of strategic objectives.
As a small business owner, you need to make plans that include specific activities that are arranged on specified time frames and outcomes. Ensure due performance of all tactical planning activities and calculate their effects; then help connect the tactical moves to the strategic plan.
Business Acumen Development
Most business owners get involved in their business by working for someone, then start their own business or buy an existing one. Either way, at the beginning things look simple. Then the business starts to gain momentum, requiring more attention. At Vertex, we understand you. We respect the risks you took and now that you have built up a sizable business, you need now to manage it properly. Vertex can be your lifelong mentor.
Mentors can help you step back from your business and look at the “big picture”, identifying strengths, weaknesses, opportunities and threats (SWOT) that you may have overlooked. They can also serve as a sounding board for your ideas, and help you develop these ideas. Providing critical thinking and diverse ways of accomplishing your goals is what Vertex does best.
With a successful growing business brings new challenges such as well defined HR planning, raising new capital and entering complimentary markets. A mentor can offer helpful advice, caution against the potential pitfalls and instill confidence in your plans.
Having a mentor won’t automatically fix all your business challenges, since it takes time, discipline and effort to implement your company's changes. Vertex can help you define your goals, milestones, and implementations plans as well as make you accountable for delivering on them.
