Anyone who's been on London's Underground will have heard the world famous warning for passengers. "Mind the Gap" was introduced in 1969 to warn passengers about the space between the train carriage and the platform. Just like passengers in a hurry or who think they know best run the risk of falling between the two, businesses need to maintain conscious awareness of the very real and tangible gap existing between their strategy and desire to achieve effective operational change.
Strategic planning is a part of your business that demands to be taken care of. Without an effective strategy or plan in place, your company will never become successful. It will always help if you have a clear goal in mind and then develop a path to reach that goal, at any rate necessary. Make sure that you do what is in the best interest of your business, because that's really all that matters in the long run.
When casting their eyes upon the horizon that is their marketplace, a majority of CEOs and Business Owners in Northeastern Wisconsin look no farther than the nose on their face. When it comes to business, The Long View is considerably shorter these days... With all the economic indicators and gauges available on their corporate dashboard, CEOs up here on the Tundra seem more concerned with the Speedometer than that annoying, periodic Oil Change Idiot Light.
A Procurement Sourcing Strategy is a document that fulfills a number of purposes. For example, one purpose is to succinctly summarise the rationale and evidence for how business requirements will be met and savings made. Another purpose is to act as an internal sales document that gets senior management buy-in to the strategy. The more purposes your strategy needs to meet, the more difficult it is to decide that the strategy is complete and ready to be issued.
Every employer needs to perform risk assessments in the workplace to ensure the safety of its employees. By performing this simple task, you can reduce the risk of employee injury and the need for workman's compensation claims. If you are in an office setting, a slow walk through the areas may be all you need to do to complete the task. Making sure walkways are free of obstacles, electric wires are in place and fire exits are easily accessible are some of the most common hazards that can be corrected.
Share Your Strategy to Unlock Its Full Potential The power of your company's strategy is fully unlocked when everyone in the company embraces it. Therefore, ensure that all staff, including the janitor, thoroughly understands how your strategy relates to them. Consider these two scenarios: Company A doesn't share its strategy with staff. Staff are hired and paid to do a specific job and then supervised to ensure that they do their job to a minimum performance specification.
Strategy is a key element to any organization or individual's success. Traditionally, Small & Medium Businesses have been deprived of a good strategic document. I have usually observed that founders' vision becomes their strategy. As the organizations grow, their course is governed by several factors other than the strategy itself. Believe me, its very common!
When you play the business game, you have to follow the rules, if you want to win. The path to success is never straight-forward, but you can save yourself some zigzagging by deciding to leap over the most vertiginous precipices. From prices to mindset, here are seven dangers to avoid... Operate without a plan Running a business without a crystal-clear plan is like driving a car blindfolded - a disaster.
This is a case study of a quick assessment conducted to a small and medium enterprise who is looking for ways to improve your bottom line profit. The CEO of this SME is eager to find out the financial standing in terms of profitability of his company and what he could to improve it to a level which is at par if not better than the industries average of 10%.
Is Strategy Appropriate for a Small Business? Many executives in small businesses (less than 250 people) flinch at the mention of the word "strategy". It's for large businesses. It's complicated. It's expensive. It's time-consuming. It's tough to understand. To all of this I say, "Nonsense." Strategy is as relevant, important and accessible to you as it is to a large business.