How well is your company doing with its business planning?
This is a difficult task for many companies because most business planning templates use introductory measures. This is good for start-ups but most businesses do not remain in the starting stage for long.
Business planning must include causal analysis.
As a business leader advances his/her company stage two becomes more critical. So, what is causal analysis? The definition is how one aspect affects another and its relationship to each. This relationship is important in business. It underlines the reason for business growth.
Three to-do’s for causal analysis:
(1) Know your company’s parameters in sales
(2) Know your company’s targets for sales
(3) Know how each affects the other
If you want to learn more about how causal analysis is important in your business planning, call Loreen Sherman for a free 10-minute consultation today, 1.877.896.7292.