Strategic Planning Consulting Key Terms
Learn some lingo of strategic planning consultantsStrategic planning consulting can help companies navigate an ever-changing business environment. Consultants are able to provide a perspective that is useful because the consultants are not part of the organization. They can help the company build a business plan as well as provide services for ongoing monitoring of results. There are many software packages which can also help with this process and which make communication on status and results easier with graphs and charts. Learn a few key terms to help with the process.
Vision statementA vision statement is a statement that is developed by executive management and is also recommended by strategic planning consultants. It delineates what an organization or company wants to be. It is more future-oriented than a mission statement.
Balanced scorecardBalanced scorecard (BSC) is a tool that is used by management in an organization to measure performance and helps determine whether smaller, more discreet operational activities are aligned with larger scale objectives. Strategic planning consultants help organizations determine the most relevant balanced scorecard.
ISO 9000ISO 9000 is a set of standards for quality management systems. They are maintained by the International Organization for Standardization. Key elements are defined key processes, a monitoring system for the processes, record-keeping, checking outputs for defects, and facilitation of continual improvement. Strategic planning consultants are familiar with ISO 9000 and some provide services in this area.
Six SigmaSix Sigma is a strategy that is used by management to improve the quality of process outputs by identifying and removing defects or errors. Some strategic planning consultants provide assistance with Six Sigma initiatives in an organization.
Total quality management, (TQM)Total quality management (TQM) is a business strategy that is implemented and monitored by management in a company and is concerned with driving a higher awareness of quality in all organizational processes. Strategic planning consultants are familiar with TQM and some can assist businesses in embedding this approach in the organization.
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