Achieve long-term goals by stacking annual wins, minimizing "shiny ball syndrome," and creating a sustainable growth path.

Bower, J. L. Managing the Resource Allocation Process: A Study of Corporate Planning and Investment. Boston, MA: Harvard Business School, Division of Research, 1970.

3. Absence of a succession plan: Many family businesses do not have a formal succession plan. This can lead to significant ...

And even 20 percent of companies with more than $10 million in revenue lack a formal process. "When you're trying to just bring in revenue every month, formal business planning seems like ...

Simons, Robert L., Antonio Davila, and Afroze A Mohammed. "Becton Dickinson--Designing the New Strategic, Operational, and Financial Planning Process." Harvard Business School Case 197-014, July 1996.

Relocating a business is no small feat. Whether it’s a small office or a sprawling corporate headquarters, the process ...