Strategic planning is important for the small firm as well

Much of the business theory developed by academics comes from – and applies to – big corporate businesses. It rarely sits easily with small firms or professional practices. Yet strategy is important.

Laurie Young, a consultant in the UK, wrote an interesting article that appeared in LegalWeek.

The following is the concluding paragraph: “Many business strategy techniques originally came from the military, where they evolved over a long period of time to help improve decision-making and resource allocation but, above all, success. They have proved their worth and helped many different ventures. Effective practice growth is improved by decent strategy development and innovative implementation, as much for the smallest law firms as the big international networks.”

Categorized in: Management