How to Execute a Strategy Plan

 

Be sure to maintain composure when plans begin to go awry

Be sure to maintain composure when plans begin to go awry. A common problem associated with companies that are able to develop a stellar plan but fail in their efforts to execute is the tendency to deviate from their initial plan.

In reality, plans don’t always unfold in the way that companies expect. Despite having a plan that takes into account various scenarios, there will always be both negative and positive externalities that can’t be anticipated.

Whether or not a company experiences a negative or positive shock, it’s imperative that companies maintain their composure and determine whether or not a pronounced change in direction is the appropriate course of action.

Unfortunately, some companies that find themselves in these types of situations fall victim to irrational behavior by deviating away from their original plan when the correct decision would have been to stay on course.

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The Process of Review Is Critical To Success

Small Business Revenue Growth and Success

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Alex Hart
Alex Harthttps://hvandpartners.com
Alexander J. Hart of Cuban American decent is principal and founder of Hart Vida Partrners. With over 25 years of experience, Alex specializes in the areas of tax strategy and planning, business process improvement, and capital consulting. Whether advising on capital and financing strategy or consulting for privately-held professional services firms, Alex has the expertise and practical know-how to help any company optimize their business processes and make tactical financial decisions. He began his career at IBM in sales operations and accounting. He was a Controller for the N.Y. Post, has been a CFO for a medical device company, and has written a tax column called “Ask the Tax Guys” for Micro-Cap Review. Alex is a professional member of A.L.T.A. (Affiliated Lawyers of the Americas), a member of the National Association of Tax Preparers, and is a contributing author and mentor at Latin Business Today. Alex graduated from St. John’s University with a B.A. in Spanish and his M.B.A. in Finance. He obtained his accounting degree from Pace University.

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