A well-written startup plan has its purpose. It can open doors, help secure financing, and lay the groundwork for performance. Once the doors are open, companies can outgrow those early plans as business challenges change. Critical issues quickly migrate from creating a market presence to planning for market expansions; from targeting and establishing a customer […]
Read More… from Want Growth? Move From Startup Plan to Strategic Plan.
Maybe yours is a hyper-dynamic market or perhaps there’s an aggressive challenger that’s chipped away your competitive advantage. Then again, what if there’s a significant technology change poised to dramatically alter your industry? Are these signs it’s time to change your business strategy? Maybe. Maybe not. Most companies realize they can’t count on using the […]
Read More… from 6 Key Signs it’s Time to Change Your Strategy
There’s good reason we’re encouraged to have a checkup with our doctors every year. Potentially unhealthy conditions can go undetected and an annual physical is a helpful way to catch any latent problems early on. The same holds true for organizations. As companies review their strategies, resources and budgets here in the fourth quarter, it’s […]
Read More… from Preventative Measures: 4 Internal Factors Threatening Your Strategy
As Simon Sinek recently acknowledged, “People don’t buy what you do; they buy WHY you do it.” That understanding and the competitive leverage it can bring is the foundation of a purpose-driven strategy. To be sure, having a purpose can generate a feel-good effect and provide guiding principles for employees. But upon further investigation, having a purpose-driven strategy can […]
Read More… from 5 Reasons to Pursue a Purpose-Driven Strategy
From metrics that measure the health of your business, to key performance indicators (KPIs) that identify progress toward your business goals, tracking performance is essential in the highly competitive manufacturing industry. Manufacturers that want to stay ahead of the curve, attract top talent, and remain competitive must systematically use metrics to glean a 360-degree analysis […]
Read More… from 7 Tips for Establishing Metrics to Keep You Competitive
Consider this: Manufacturers that came through the 2008 recession the strongest are those that made aggressive moves during the 2010 recovery and were rewarded from 2011 to 2013 with sustained revenue growth, higher EBITDA margins, and significantly increased ROIC. A similar opportunity is at hand. At first glance, leaders may be tempted to maintain the […]
Read More… from Four Factors for Fueling Transformational Growth
Up and down busy streets nationwide, the same six-word banners stand outside in front of hundreds of businesses. Affixed to poles on front lawns or hanging above entrance doors, these inescapable banners, while the numbers may vary, almost always have the same wording: “Now Hiring! $18/hour, plus benefits.” “Join Our Team Today! $16/hour.” “Start Today! […]
Read More… from The Six Words That Will Massively Improve Your Employee Recruitment