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Atricle Dump - Breaking the Growth Barriers in the Information Technology and Software Sector
Entrepreneurs Need Moxie s means that the solution to most situations are human-based, usually hand-crafted by the management team; the foundation of proven processes is absent.After working for many years with entrepreneurs in all walks of business, I find that what separates the successful from the not-so-successful is attitude. Entrepreneurs who are going to make it big need to have moxie. Make no mistake; I am not saying that entrepreneurs need to be arrogant. No one wants to be around someone who is conceited, but a good dose of cockiness is in order for an entrepreneur to become wildly successful.Without having a certain amount of moxie, an entrepreneur wont have the guts to take a risk, go to an event or try something new. If you have a personality that is wary of risk and prone to playing it safe, starting your own business may not be the right path for you.If, however, you find that you are dynamic and confident in new situations and you are comfortable in different and unfamiliar situations, entrepreneurship might be your calling. There are exceptions to This stage is characterized by:
By introducing repeatable, best-of-breed processes for sales, marketing and product management, a sales and marketing strategy consultant may help a company like yours to:
Innovation Constrained Organizations at this stage of development have achieved a great deal of success; processes are ingrained, product development is streamlined, and sales and marketing systems are in place. But by definition the market keeps shifting: your product is being eclipsed by younger companies with products that perhaps even capitalize on your R&D and experience; your market may be saturated to the point that the double-digit growth rates your investors have come to take for granted are a thing of the past. You need a new product or a new market or both. This stage is characterized by:
Presentation Skills - Three simple Steps to Creating a Successful & Memorable Presentation There's nothing automatic about corporate growth, particularly in the information technology industry; build it and they will come is a myth. In the real world there is either a structured, process-driven growth cycle, or stagnationand stagnation is automatic. Inherent to growth cycles are barriers, real-world business challenges that put some software companies out of business and spur others on to break through those barriers to higher levels of success. Overcoming those barriers is the very definition of growth; when you break through a barrier, you've achieved growth.Would you Like Help in Preparing Your Presentation? Do you sometimes feel you dont know where to start? Do you sometimes put off preparing until the last minute? Do you put off preparing as you're just too nervous to think about it? Would you like to have a more logical structure to your presentations? Read on if you'd like to do something about it today Whether its presenting to your manager, a team of colleagues, or pitching for new business the success of any presentation is dependent on structuring a clear message and delivering that message with confidence and conviction.But how do you ensure that your presentation has a good structure with a message that is clear enough for your audience in the first place?Rule Number 1 - Be clear on what you want to achieve The first question you have to ask yourself is:-Wha You're a software or information technology company, prosperous in 2005, which means that you have a good product, you've made some smart decisions and you've already broken through some growth barriers. You're successful. Now what? Any company, regardless of age or size can experience barriers to growth: if you find it hard to develop and maintain market momentum; are tied to your entrepreneurial management style and unable to scale; have reached a level of revenue or income and stagnation is settling in; or if your revenue is generated from one product, service, client, or industry, then you're at the next growth barrier, you need to be able recognize it, and you need to prepare to cross it. This overview discusses the typical growth barriers that confront many IT and software companies, and how external consultants can be used effectively to break through those barriers. Strategy Constrained At this point your company or product is in the early stages of its evolution. You've landed a handful of key accounts, and you're encouraged by your early success. Now you need a plan, a strategy, a concrete agenda that will move your information technology company from being a collection of talented people with a common goal, to being a team with a common goal and a battle-tested strategy for achieving that goal. This stage is characterized by:
By delivering guidance on corporate strategy, a marketing strategy consultant may be able to help a company like yours to:
Capital Constrained You've taken your software company or product as far as you can on your savings. Or perhaps you've made a few key sales that have kept you afloat. In order to move your company on to the next phase of development you need an infusion of capital to hire skilled employees, make key acquisitions and fuel your growth. Technology is your specialty, not prospectus writing for venture capitalists. This stage is characterized by:
Through road-show ready business plan development and introduction to network of VCs and angel investors, a strategy consultant may be able to help a company like yours to:
Skills Constrained Typically a company finds themselves at this stage of development with a great product built on sound technology aimed at a particular industry, and their first round of financing secured. They also find themselves with a weak or non-existent positioning statement, a reactive product management process, exhausted or ineffective sales skills, and a strictly opportunistic business development strategy. Company growth is limited in part by the notion that the product will sell itself because it is superior to any other on the marketindeed, it may be the only offering. Revenue growth is limited because the product is defined in terms of its functionality, not its value to the customer. The offering, and by extension the company, is still being defined by technologists; it has yet to be married with a solid business development plan, marketing or sales acumen. More worrisome is that the very success of your company has brought you to the attention of major players who do have personnel and strategies dedicated to driving you out of the market; they view you as a threat. Your days of flying under the radar are over. This stage is characterized by:
Through sales, marketing, product management and business development acumen, a sales and marketing strategy consultant may be able to help a company like yours to:
Process Constrained A company at this stage of development is typically successful, no longer a start-up, is being run by a management team, has been accepted in the market, and is competitive. However, fundamental product development and sales and marketing management processes have not yet been accepted within the foundation of the corporate culture. This means that the solution to most situations are human-based, usually hand-crafted by the management team; the foundation of proven processes is absent. This stage is characterized by:
By introducing repeatable, best-of-breed processes for sales, marketing and product management, a sales and marketing strategy consultant may help a company like yours to:
Innovation Constrained Organizations at this stage of development have achieved a great deal of success; processes are ingrained, product development is streamlined, and sales and marketing systems are in place. But by definition the market keeps shifting: your product is being eclipsed by younger companies with products that perhaps even capitalize on your R&D and experience; your market may be saturated to the point that the double-digit growth rates your investors have come to take for granted are a thing of the past. You need a new product or a new market or both. This stage is characterized by:
10 Elements Every Direct Mail Piece Should Have software companies, and how external consultants can be used effectively to break through those barriers.Dont want your direct mail to end up in the trash with the rest of the unread mail? Studies show an effective direct mail campaign should draw a .5 to 1 percent response. These 10 tips will help you get the results you want:1. A clear, bold headline. On the envelope or front of the mailer there should be one central message. The best way to achieve that is with a bold, clear headline thats not cluttered up with other text. A good guideline is to have the headline fill up at least 15% of the front of the mailer.2. A graphic that supports the message. The graphic should be easy to understand and add to the message the headline is trying to convey. For instance, if you are trying to get people to list their home you would want to show a home with SOLD sign clearly visible out front. That graphic reinforces the message more than a simple picture of a home.3. Color that pops. Make the headline Strategy Constrained At this point your company or product is in the early stages of its evolution. You've landed a handful of key accounts, and you're encouraged by your early success. Now you need a plan, a strategy, a concrete agenda that will move your information technology company from being a collection of talented people with a common goal, to being a team with a common goal and a battle-tested strategy for achieving that goal. This stage is characterized by:
By delivering guidance on corporate strategy, a marketing strategy consultant may be able to help a company like yours to:
Capital Constrained You've taken your software company or product as far as you can on your savings. Or perhaps you've made a few key sales that have kept you afloat. In order to move your company on to the next phase of development you need an infusion of capital to hire skilled employees, make key acquisitions and fuel your growth. Technology is your specialty, not prospectus writing for venture capitalists. This stage is characterized by:
Through road-show ready business plan development and introduction to network of VCs and angel investors, a strategy consultant may be able to help a company like yours to:
Skills Constrained Typically a company finds themselves at this stage of development with a great product built on sound technology aimed at a particular industry, and their first round of financing secured. They also find themselves with a weak or non-existent positioning statement, a reactive product management process, exhausted or ineffective sales skills, and a strictly opportunistic business development strategy. Company growth is limited in part by the notion that the product will sell itself because it is superior to any other on the marketindeed, it may be the only offering. Revenue growth is limited because the product is defined in terms of its functionality, not its value to the customer. The offering, and by extension the company, is still being defined by technologists; it has yet to be married with a solid business development plan, marketing or sales acumen. More worrisome is that the very success of your company has brought you to the attention of major players who do have personnel and strategies dedicated to driving you out of the market; they view you as a threat. Your days of flying under the radar are over. This stage is characterized by:
Through sales, marketing, product management and business development acumen, a sales and marketing strategy consultant may be able to help a company like yours to:
Process Constrained A company at this stage of development is typically successful, no longer a start-up, is being run by a management team, has been accepted in the market, and is competitive. However, fundamental product development and sales and marketing management processes have not yet been accepted within the foundation of the corporate culture. This means that the solution to most situations are human-based, usually hand-crafted by the management team; the foundation of proven processes is absent. This stage is characterized by:
By introducing repeatable, best-of-breed processes for sales, marketing and product management, a sales and marketing strategy consultant may help a company like yours to:
Innovation Constrained Organizations at this stage of development have achieved a great deal of success; processes are ingrained, product development is streamlined, and sales and marketing systems are in place. But by definition the market keeps shifting: your product is being eclipsed by younger companies with products that perhaps even capitalize on your R&D and experience; your market may be saturated to the point that the double-digit growth rates your investors have come to take for granted are a thing of the past. You need a new product or a new market or both. This stage is characterized by:
Escape Planning - Using Fire Exits To Get Out Safely us writing for venture capitalists.Fire exits should be strategically located, with an outward opening door that has a crash bar and outward leading signs on it. Knowing where to find the emergency exits in a building that you frequent can save your life. Inward opening, rotating and sliding doors are unacceptable for use as fire exits, as they might need to be fixed open using a latch or chain if the door is needed as an exit route.In the UK, one exit is satisfactory for buildings where no more than 60 people work, as long as that the building is on the ground floor level only. The outsides of fire exits need to be kept clear and marked with a suitable keep clear sign. Whenever the building is in use, the exits should be well lit by normal mains lighting. Once your workplace follows a course of scheduled assessment, unsafe conditions can be recognized and corrected before they cause serious injuries.Learn the location of fire esca This stage is characterized by:
Through road-show ready business plan development and introduction to network of VCs and angel investors, a strategy consultant may be able to help a company like yours to:
Skills Constrained Typically a company finds themselves at this stage of development with a great product built on sound technology aimed at a particular industry, and their first round of financing secured. They also find themselves with a weak or non-existent positioning statement, a reactive product management process, exhausted or ineffective sales skills, and a strictly opportunistic business development strategy. Company growth is limited in part by the notion that the product will sell itself because it is superior to any other on the marketindeed, it may be the only offering. Revenue growth is limited because the product is defined in terms of its functionality, not its value to the customer. The offering, and by extension the company, is still being defined by technologists; it has yet to be married with a solid business development plan, marketing or sales acumen. More worrisome is that the very success of your company has brought you to the attention of major players who do have personnel and strategies dedicated to driving you out of the market; they view you as a threat. Your days of flying under the radar are over. This stage is characterized by:
Through sales, marketing, product management and business development acumen, a sales and marketing strategy consultant may be able to help a company like yours to:
Process Constrained A company at this stage of development is typically successful, no longer a start-up, is being run by a management team, has been accepted in the market, and is competitive. However, fundamental product development and sales and marketing management processes have not yet been accepted within the foundation of the corporate culture. This means that the solution to most situations are human-based, usually hand-crafted by the management team; the foundation of proven processes is absent. This stage is characterized by:
By introducing repeatable, best-of-breed processes for sales, marketing and product management, a sales and marketing strategy consultant may help a company like yours to:
Innovation Constrained Organizations at this stage of development have achieved a great deal of success; processes are ingrained, product development is streamlined, and sales and marketing systems are in place. But by definition the market keeps shifting: your product is being eclipsed by younger companies with products that perhaps even capitalize on your R&D and experience; your market may be saturated to the point that the double-digit growth rates your investors have come to take for granted are a thing of the past. You need a new product or a new market or both. This stage is characterized by:
The Power of a Press Release fined by technologists; it has yet to be married with a solid business development plan, marketing or sales acumen. More worrisome is that the very success of your company has brought you to the attention of major players who do have personnel and strategies dedicated to driving you out of the market; they view you as a threat. Your days of flying under the radar are over.Did you recently publish a book? Land a great client? Expand in some way? If so, it's time to send out a press release!Press releases were originally designed as a communication tool between PR staff /public relations firms and the media. But now that online news sites such as Yahoo News and Google News contain such an abundance of press release content and RSS makes it easy to syndicate news, press releases can be effectively used as a low cost/no cost marketing tool. To that end, here are 10 tips for maximizing the visibility of press release content:1. Start with something worth announcing.Boring news gets little results no matter how well it's written. Its important to focus on a specific topic, make it interesting and, if possible, related it to current events.2. Distribute the release via a wire service like Business Wire and PRWeb or PRNewswire. You s This stage is characterized by:
Through sales, marketing, product management and business development acumen, a sales and marketing strategy consultant may be able to help a company like yours to:
Process Constrained A company at this stage of development is typically successful, no longer a start-up, is being run by a management team, has been accepted in the market, and is competitive. However, fundamental product development and sales and marketing management processes have not yet been accepted within the foundation of the corporate culture. This means that the solution to most situations are human-based, usually hand-crafted by the management team; the foundation of proven processes is absent. This stage is characterized by:
By introducing repeatable, best-of-breed processes for sales, marketing and product management, a sales and marketing strategy consultant may help a company like yours to:
Innovation Constrained Organizations at this stage of development have achieved a great deal of success; processes are ingrained, product development is streamlined, and sales and marketing systems are in place. But by definition the market keeps shifting: your product is being eclipsed by younger companies with products that perhaps even capitalize on your R&D and experience; your market may be saturated to the point that the double-digit growth rates your investors have come to take for granted are a thing of the past. You need a new product or a new market or both. This stage is characterized by:
Fleeting Moments of Truth about Your People in a Technology Economy s means that the solution to most situations are human-based, usually hand-crafted by the management team; the foundation of proven processes is absent.As technology becomes ubiquitous, we are still going to need the soft skills, to compete and become a successful business. Development of these skills -- oral and written communications, decision-making, self esteem, overcoming the fear of speaking to groups, call reluctant and teamwork -- will be the differentiation of successful businesses built to last, oppose to those that vanish.Today, any good breakthrough idea can spread like a wildfire globally, within seconds, in the technology economy. Technology, innovation and marketing, accelerates the speed, but it is the people, their passion and skills that sustain optimal growth and culture for an organization.Another major aspect, of the technology economy, is that start-ups today are faced with only a short time in which to reach a viable chunk of territory and mind share of the customer. For any hope of permanent leadership position you need to This stage is characterized by:
By introducing repeatable, best-of-breed processes for sales, marketing and product management, a sales and marketing strategy consultant may help a company like yours to:
Innovation Constrained Organizations at this stage of development have achieved a great deal of success; processes are ingrained, product development is streamlined, and sales and marketing systems are in place. But by definition the market keeps shifting: your product is being eclipsed by younger companies with products that perhaps even capitalize on your R&D and experience; your market may be saturated to the point that the double-digit growth rates your investors have come to take for granted are a thing of the past. You need a new product or a new market or both. This stage is characterized by:
By introducing fresh thinking about new markets, products, and channels, a business strategy consultant may be able to help a company like yours to:
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