Organizations that set benchmarks or serve as examples of how to do things effectively and efficiently are called "best-practice" organizations. The techniques they use -- the "best practices" -- have ...

Here's a deep dive into the nature and purposes of mission and vision statements, and why taking the time to get them right ...

Businesses often make or rewrite their strategic plans when the organizational structure is changing, or as a way to respond to changing market conditions. Change can be a difficult process and ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Many established companies focus on their mission ...

The question “What is your vision statement for your practice?” often elicits funny looks from financial planners. Many individuals chose the financial planning profession because of its orientation ...

Mission and vision statements can be great means to give an organization focus, coherence, and direction. But often they don’t. And if not, the time and money spent on formulating them may become a ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. As a divorce attorney and entrepreneur, I’ve spent years helping people navigate both the ...

In a perfect world, managers’ authority and engagement would reflect their positions in the organizational hierarchy, rising as people climbed up the ranks. But when we mapped the responses that more ...

A vision statement needs to be true to your brand, not true to your products. Imagine if Apple’s Steve Jobs had created his company vision in the ’80s based on his product portfolio. There’d have been ...