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In today’s troubled economic climate, cost concerns are spreading throughout the business community. As worries increase about excess spending, many businesses are feeling increasingly apprehensive about hiring outside assistance. However, while the tendency is to look inward for solutions to any issues, this may not be the best course of...

What is strategic planning? Strategic planning is the process in which an organization examines and analyzes its resources and defines a path for the near future. In other words, strategic planning is sitting down with a group of people who have different roles in an organization and mapping out where...

Operational analysis is conducted in order to understand and develop operational processes. Using various mathematical models, statistical analyses, and logical reasoning methods, operational analysis aims to determine whether each area of the organization is contributing effectively to overall performance and the furthering of company strategy. Most notably, operational analysis...