Tushar Kansal’s Post

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Reason 3 for Businesses Failure to formally plan Short-term Focus - Some business owners prioritize immediate results over long-term planning, leading to reactive rather than proactive management. This is especially true for start-ups and small businesses. The owner/leader is often so immersed in the day-to-day trenches that they don't feel like they have the time nor do they think taking the time will be of significant value. During the next post, we will discuss the forth reason: Lack of Knowledge. #strategy #StrategicPlanning #businessplanning #businessgrowth #spatsuccess

A challenging dilemma for family business owners: Visions need to be realized! When it became the time to align business internal and external interactions to the initial vision of the business, many family business owners fell into the circle of indecisiveness! This is the case for many businesses in today’s disruptive era. This happens as they fail to find a balancing point in their decisions when being struck by internal conflicts or external challenges and ultimately deviate from their original visionary approach. It means that having only a visionary approach is not enough but defining a mission on how to reach there, setting some realistic objectives, and adopting a workable path to reach there are among the essential provisions of the journey.    This will happen after thinking of having a strategic foresight initiative, through which strategic planning can be operationalized and finally, the way for proper decision-making in all untoward situations became an easy task to proceed with in family businesses more effectively. 

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