We talk a lot about setting goals and keeping teams focused to try and get faster growth. Setting one goal – a due north for growth – can really help an organisation drive forwards. How can you sail a boat if the 5 different crew members are all working to different destinations?! If we can...Read More
At its core, planning and strategy is about generating and selecting options to close gaps between objectives and current realities. Put simply – where are you, where do you want to go and how are you going to get there? It is about the creation and allocation of resources to the right place, in the...Read More
Following on from previous posts on business model innovation (Copycats will not be successful, The Goal Post have moved and Confrontation or Similarity the following is a round-up of 10 top tips in innovating a business model. Remember it’s all about beating your competitors without trying to beat them. 1. Get top management support...Read More
So you have been in business for a while now. Had some success and are looking to grow further but you are wondering where that growth may come from. A new opportunity perhaps but where are you going to find the next viable opportunity? There are three distinct areas we can focus our searches on,...Read More
The new Age of Innovation – how competitive advantage is changing Lets start at the end – “Tomorrow’s competitive advantage of companies will not be based on innovative products and processes but on innovative business models” Many success stories go back to an innovative business model rather than a fantastic individual product: Amazon has become...Read More
Following on from our recent post about Growth – the power of 4, we now look at the typical options for growth for businesses. As organisations grow, there are two strategic issues to deal with. The first is the direction and the second is the means. If an organisation carries on with the status quo...Read More
Much of our work in the past has focused, naturally, on growing businesses – looking at their current opportunities, their capabilities and their activities. Over the years our experience has enabled us to look at this by evaluating 4 keys areas of the business: 1. The strategy – the quality and potential of the business...Read More
The final of our route planning your business growth pieces together the planning and findings from the previous two parts – the Internal and the External. You should by now have completed SWOT (Strengths, Weaknesses, Opportunities and Threats) using an internal resource audit and using the traditional models of PESTLE and Porter’s 5 Forces to...Read More
Part two of our series on route planning your business growth focuses on the identifying the Opportunities and Threats for your business. We do this by looking external to the business. Again there are many tools to help you to identify what these threats may be. The first and most well-known considers what’s known as...Read More
Running and growing a business can be comparable to travelling by car before the invention of satellite navigation systems. Route planning your journey first, knowing which roads to take to make your journey more efficient; you could decide not to seek help and travel on experience and instinct with a hope that nothing has changed and you...Read More
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