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Atricle Dump - Small Business Strategy- A Framework for Change
I didn't intend to change to another supermarket.For the last 18 years my family has used the same supermarket.It's less than half a mile from our home. It sells almost every food item that we need. We buy our petrol there, our newspapers, postage stamps, stationery, wine, CDs. We even buy our domestic gas and electricity from this store.But one little thing has really been bothering me recently.When I go to fill up my motorcycle with petrol, there is a sign that says I must remove my crash helmet before entering the shop to pay for my fuel. And I can understand that this is to deter any potential robbers who might use a crash helmet to conceal their identity.This wasn't too bad in the summer. And I complied with the request. Although I notice
Let's face it. Participating in a trade show is expensive. There's no doubt about it. When you add up all the expenses associated with trade shows -- including registration fees, display costs, shipping, giveaway items, booth staff salaries and lodging, and more -- you're talking about some serious money.But wait! There's more. From the minute you express interest in exhibiting at a show, you're flooded with sponsorship opportunities. For a mere $250, for example, you get an ad in the show directory. Double that, and your logo shows up on a few prominently placed banners. Prices rise steadily, allegedly keeping pace with the enhanced exposure more dollars can bring. As logic goes, you get more visibility, the deeper you dig into your wallet.Is it really worth it? Does m
Instead of waiting for change to act on us, it is good practice to seek out new opportunities on a regular basis. Although seeking out change may feel overwhelming, strategic thinking and planning can ease the process of helping us anticipate, plan for, and create the future.
THE FOUNDATION
A good way to begin "strategic thinking" is to remind yourself why you chose the business or industry you came to be in. What were your hopes or aspirations at the time? While probably not at the top of your thoughts, the core values that attracted you once are most certainly still important to you. No matter what opportunities you choose to pursue, start by reminding yourself about the things that really matter to you. If you are doing this with a team, the process of identifying the most important common values is always a good first step. One you are clear on what is really important at the core; there
Leaders aren't born they are made. And they are made just like anything else, through hard work. And that's the price we'll have to pay to achieve that goal, or any goal. Vince Lombardi How can small business owners continue to compete with the 21st century demands on their organizations? This is a question most small business owners ponder. Recently, I had an opportunity to answer this question. I conducted a study on several small businesses in my area. The purpose of my investigation was to address how small businesses can improve their success in the public sector with a strategic approach.The case examples of four small companies involved in federal contracting were evaluated in Oak Ridge, Tennessee. These companies had survived the turbulent t
Instead of waiting for change to act on us, it is good practice to seek out new opportunities on a regular basis. Although seeking out change may feel overwhelming, strategic thinking and planning can ease the process of helping us anticipate, plan for, and create the future.
THE FOUNDATION
A good way to begin "strategic thinking" is to remind yourself why you chose the business or industry you came to be in. What were your hopes or aspirations at the time? While probably not at the top of your thoughts, the core values that attracted you once are most certainly still important to you. No matter what opportunities you choose to pursue, start by reminding yourself about the things that really matter to you. If you are doing this with a team, the process of identifying the most important common values is always a good first step. One you are clear on what is really important at the core; ther
For many companies, training can drop off the agenda for a variety of reasons. The company may be going through a period of growth, with tight deadlines to be met. The challenges of the market place may squeeze resources for training. This begs two questions: firstly, when planning financial forecasts, is staff training considered a priority; and secondly when budgets are squeezed how can a company maximise its financial investment in training?During periods of growth and high demand there are new challenges to be met, with customers demanding a high quality relationship with any service or product provider. Managers and staff will be asked to deliver customer service that will delight customers, to ensure customer retention and continued growth. This challenges organisa
THE FOUNDATION
A good way to begin "strategic thinking" is to remind yourself why you chose the business or industry you came to be in. What were your hopes or aspirations at the time? While probably not at the top of your thoughts, the core values that attracted you once are most certainly still important to you. No matter what opportunities you choose to pursue, start by reminding yourself about the things that really matter to you. If you are doing this with a team, the process of identifying the most important common values is always a good first step. One you are clear on what is really important at the core; ther
Without a doubt one of the most crucial tools available to supply chain professionals today is information technology (IT). IT can be the glue that help Supply Chain deliver real value to organizations however an incorrectly configured system or a poor technology choice can bring its own problems here we check out 6 things that your Supply chain IT system should deliver.1. Efficient Transaction ManagementHaving simple standard transaction processes, for example how you raise a Purchase Order, supported by a user friendly user interface is a must make it easy for users to capture data once and then utilize it again and again within the system. Pay close attention to processes that may result in data integrity concerns make sure that your transactions capture
A wise and dear mentor once said to me "Given enough information your intuitive sense will be validated." Intuition some suggest comes from our gut brain as described by Dr. Hawkins in his book Get Out Of Your Own Way or by others as an unknown sense that has always been with us.Whatever the source, intuition is the gut brain for business. For example, have you ever met a potential client and felt immediately that this was a good fit or conversely met a prospect and couldn't get away from him or her fast enough. Why did you have those strong feelings? And more importantly, why did you listen to them?What happened when you failed to listen to your intuitive sense? Did you experience an internal "I told you so!?" Maybe, after ignoring
POSITIONING
In any business or organization it is important to differentiate yourself in a relevant, meaningful way from everyone else out there. A good starting point is to take a closer look at the unique competencies and strengths in your organization.
In a method commonly used in strategic planning known as SWOT (Strengths, Weaknesses, Opportunities, and Threats) it becomes relatively easy to identify strategic opportunities by mapping out organizational strengths, weaknesses, the market situation, customer needs and the environment. I highly recommend trying this out for your business. If you are interested in reading more about SWOT go to http://www.netmba.com/strategy/swot/
PRODUCTIVITY
Whether you face increased competition, or simply don't want to work as
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