Monthly Archives: January 2013
Armonk NY Area Low Sales Price for 2012 | Armonk NY Homes
Armonk NY Area Low Sales Price for 2012 | Armonk NY Homes
2012 Low Sales Price Katonah $365,000.00 Mt Kisco $262,500.00 Bedford Hills $263,000.00 Bedford Village $418,500.00 North Salem $125,000.00 South Salem $185,000.00 Pound Ridge $355,000.00 Chappaqua $225,000.00 Armonk $150,000.00
The Difference between Strategy and Tactics | South Salem Realtor
The purpose of this post is to clearly delineate the distinct differences between strategy and tactics, and show how they work in tandem for your organization.
Often, we use the terms strategy and tactics interchangeably and in a haphazard manner. When probing at online definitions and dictionaries, they often share many of the same characteristics, making them difficult to differentiate. Rather than debate Greek military etymology, Sun Tzu philosophy, or latest publication from the Harvard Business Press, here’s strategy and tactics delineated by their associated actions:
[The difference between strategy and tactics: strategy is done above the shoulders, tactics are done below the shoulders]
While a tweet-worthy catch phrase, this metaphor risks glib over-simplification. To explore deeper, let’s dissect strategy vs tactics in the following breakdown:
Breakdown: The Difference between Strategy and Tactics
Strategy Tactics Purpose To identify clear broader goals that advance the overall organization and organize resources. To utilize specific resources to achieve sub-goals that support the defined mission. Roles Individuals who influence resources in the organization. They understand how a set of tactics work together to achieve goals. Specific domain experts that maneuver limited resources into actions to achieve a set of goals. Accountability Held accountable to overall health of organization. Held accountable to specific resources assigned. Scope All the resources within the organizations, as well as broader market conditions including competitors, customers, and economy. Yet don’t over think it, to paraphrase my business partner Charlene Li, “Strategy is often what you don’t do”. A subset of resources used in a plan or process. Tactics are often specific tactics with limited resources to achieve broader goals. Duration Long Term, changes infrequently. Shorter Term, flexible to specific market conditions. Methods Uses experience, research, analysis, thinking, then communication. Uses experiences, best practices, plans, processes, and teams. Outputs Produces clear organizational goals, plans, maps, guideposts, and key performance measurements. Produces clear deliverables and outputs using people, tools, time. Strategy and Tactics Must Work in Tandem
These two must work in tandem, without it your organization cannot efficiently achieve goals. If you have strategy without tactics you have big thinkers and no action. If you have tactics without strategy, you have disorder. To quote my former business partner, Lora Cecere, she reminds me that organizations need big wings (strategic thinking) and feet (capability to achieve).Examples:
To illustrate, here’s some specific examples across different industries of how strategic goals can be communicated with clear tactical elements, in a linear and logical order:
- Strategy: Be the market share leader in terms of sales in the mid-market in our industry. Tactics: Offer lower cost solutions than enterprise competitors without sacrificing white-glove service for first 3 years of customer contracts.
- Strategy: Maneuver our brand into top two consideration set of household decision makers. Tactics: Deploy a marketing campaign that leverages existing customer reviews and spurs them to conduct word of mouth with their peers in online and real world events.
- Strategy: Improve retention of top 10% of company performers. Tactics: Offer best in market compensation plan with benefits as well as sabbaticals to tenured top performers, source ideas from top talent.
- Strategy: Connect with customers while in our store and increase sales. Tactics: Offer location based mobile apps on top three platforms, and provide top 5 needed use cases based on customer desire and usage patterns.
- Strategy: Become a social utility that earth uses on an daily basis. Tactics: Offer a free global communication toolset that enables disparate personal interactions with your friends to monitor, share, and interact with.
Action: Using Strategy and Tactics to advance your Organization
First, educate your staff and colleagues on the differences of terms and how they vary. Next, ensure that all tactics align to business strategy, and all strategies take into account tactics on how they will be achieved. Finally, cascade in all communication how strategy and tactics work in tandem, advancing how your organization can see the larger goals, and better utilize resources to achieve.That’s my take, but please expand the conversation with your perspective, in the comments below.
Image credit: “Telescope” by Kristin Marshall, used within creative commons licensing.
REALTORS® Expect All States to Post Price Gains in Next 12 Months | Bedford Hills NY Real Estate
REALTORS® Report Tight Financing/credit | Bedford NY Real Estate
Initial Jobless Claims Drop to Lowest Since Great Recession | Pound Ridge NY Real Estate
New Jersey plays catch-up in foreclosure market | South Salem NY Real Estate
Foreclosures are down nationwide, but linger in New Jersey. Joe Raedle/Getty Images
Despite a drop in foreclosures nationwide, New Jersey continues to play catch-up.
A report today from RealtyTrac showed foreclosure activity dropped signnificantly as banks have been encouraged to work with homeowners to find ways to kep them in their homes or unload them through short sales, in which the property is sold for less than the debt owed on it.
Bank repossessions were down 17 percent nationally last year, according to RealtyTrac. Foreclosure filings dropped 3 percent. That represents a drop of 36 percent from a peak in 2010, the firm said.
But foreclosures surged in New Jersey by 55 percent over last year. New Jersey, along with Florida and Illinois, saw the largest increases in foreclosure activity.
So-called judicial states like New Jersey, in which the process must go through the courts, take longer to resolve cases. A backlog built up in 2011 when courts ordered the the mortgage industry to address charges the companies employed questionable procedures in order to streamline the process, often hurting homeowners.
In New Jersey, the foreclosure process can take up to three years to complete, leaving a larger than average backlog.
While foreclosure activity declined last year, the inventory of homes in some stage of foreclosure or in banks’ possession climbed 9 percent to 1.5 million homes, RealtyTrac said.
Florida accounted for the biggest share of foreclosure inventory last year, or 20 percent of the national total.
The Associated Press contributed to this report
Housing Starts In Bedford Corners NY | Bedford Corners NY Real Estate
New social search engine focuses on real estate | Cross River Real Estate
When searching on social media networks, it’s often difficult to decipher what’s legitimate and what isn’t. However, a new search engine is entering the scene, one that is powered entirely by the Facebook API.
Curaytor organized tens of thousand of conversations from various groups on Facebook about topics such as technology products worth investing in, business tips and companies that should be avoided at all costs. The engine also allows web users with an interest in real estate to find conversations related to housing.
The latest search engine also hand picks its favorite discussions, which will be labeled as “staff picks.” Curaytor also uses a simple tagging system to make groups of conversations on the same topic easily findable.
Curaytor will begin by focusing on the real estate industry, but plans to eventually expand to other topics.
To get a better understanding of the search engine, watch the video below.
Facebook for Chappaqua NY Real Estate: 5 Ways to Increase Engagement on Facebook Business Pages
Let’s face it, in real estate, people do business with agents they know, like and trust. This is a mantra I have heard over and over again at countless events across the country.
Facebook is one of the best tools available to build relationships; to get to know people and to build trust. One of the ways you do that on Facebook is by posting engaging content.
People are sharing more on Facebook more than ever before.
Remember when the only information you had about a potential client was their name, phone number and perhaps email? Now, the culture of sharing has changed; people openly share about their interests, their vacations, their family and more. Because of Facebook, it is easier now than ever to build relationships and engage with potential clients over the long haul.
One of the best things you can do as a real estate professional is to use Facebook as a tool to engage with potential clients.
Here are five quick and easy tips to increase engagement on Facebook business pages:
1. Stay topical and relevant. As you are thinking about the most relevant content you could share on Facebook, make sure it is relevant to the season. Pay attention to the calendar, holidays, and seasons. For example, now is a great time to talk about the New Year, spring cleaning and tax time. Staying topical will keep people’s attention and engage them more in your content.
2. Include humor. Sometimes we take ourselves so seriously in real estate. Make sure you incorporate some fun into your posts on Facebook. Pinterest is a great source for fun quotes and photos that you can share on Facebook. On the Inman News Facebook Page, we share a real estate cartoon every Saturday. Keeping it light makes it fun, and it is an easy way to build engagement.
3. Brief is better. According to Facebook, posts that are between 100 and 250 characters (less than 3 lines of text) see about 60% more likes, comments and shares than posts greater than 250 characters. Keep it short and edit ruthlessly!
4. Don’t post too often. Statistically a Facebook post on a business page “lives” about three hours. Wondering how long your posts live? Check out EdgeRank Checker. “A Post is considered dead when the growth in engagement is less than 10% of the largest growth of engagement between hourly snapshots” The biggest mistake I see people making with their Facebook Business Page is posting too often. This is why having a content strategy is key; know when you will post and what you post.
5. Photos still are king. Photos are undeniably still the king of engagement on Facebook. Posts including a picture generate about 120%, more engagement. Be smart about your photos; are you pinning interesting photos? Use some of those photos in your Facebook content strategy. Same applies to Instagram. If you are an agent – snap a few Instagram photos of working with clients. Use these photos as part of your Facebook strategy. Do you take a photo with every single client you work with? Every client has a story and those stories are great pieces of content for your brand on Facebook!
Looking for more tips? Check out this webinar recording I did last year – a one hour class on “The Power of Engagement on Facebook.” Would love your comments and feedback, feel free to post below or leave a comment on my Facebook Page!
P.S. I will be speaking at Agent Reboot NYC and Real Estate Connect NYC next week. They are both going to be incredible events. I will be talking about relationships in social media and trust and transparency in social media; both crucial topics for 2013. Hope to see you there!






