Retail sales picked up in the year to November 2017, following a significant dip in October. The findings come from the latest Quarterly Distributive Trades Survey by the Confederation of British Industry (CBI). The survey of 128 respondents has, however, revealed the strongest growth in average selling prices in over 26 years in the year […]
If you have truly accountable employees, you are one step away from having a business that runs itself. This video describes the many benefits of employee accountability for CEOs, and offers seven tips to help you create a culture of accountability in your company.
Growth in manufacturing output in the UK accelerated in the three months to November 2017, according to the latest monthly Industrial Trends Survey by the Confederation of British Industry (CBI). Order books also continued to fill up. Total orders were, by a small margin, the strongest since August 1988, while export order books were the […]
Only 53% of surveyed business technology professionals believe that their organisation’s leadership is digitally literate, according to ISACA’s new Digital Transformation Barometer report. Of the remainder, 25% don’t think their business leaders have a solid understanding of technology and its impacts, and 22% are unsure. In addition, the global research study tempers the hype surrounding some emerging […]
The purpose of your business strategy is to ensure that all of your organisation’s resources are consistently placed in the most profitable position to provide your customers with what they want, when they want it. But how do you achieve this? This video describes the six distinct steps you need to follow.
In my previous post, I covered two strategic actions that can make a difference: Examine risk in your business model. Examine value creation in your business model. The third action, which completes the set, is outlined below and illustrated with a well-known example. 3. Re-centre your ecosystem The enterprise ecosystem can be viewed as a […]
In my last post in this series, I began to explore ways of recognising and countering threats to your business model, and suggested that there were three strategic actions that could make a difference: Examine risk in your business model. Examine value creation in your business model. Re-centre your business ecosystem. The first two actions […]
Last Friday’s post in this series outlined the components of an effective risk management framework. Today’s post will start to explore how to recognise and counter threats to your business model. Strategising your way out of a threatened business model Strategic planning that incorporates threat management distinguishes successful companies. Such organisations continue to reinvent their […]
The UK’s small and medium-sized (SME) manufacturers saw optimism deteriorate for the first time in over a year, according to the latest SME Trends Survey by the Confederation of British Industry (CBI). The survey of 374 SME manufacturers reported another firm rise in new orders, underpinned by both export and domestic demand. Furthermore, while firms […]
My last post in this series covered the modernisation of the strategic planning process and the resulting new approach to threat management. In today’s post I will be outlining the components of an effective risk management framework. A strategic threat and risk management framework Threats will continuously flow into the business ecosystem, but not all […]
Retail sales declined sharply in the year to October 2017, disappointing expectations for a solid expansion, according to the latest monthly Distributive Trades Survey by the Confederation of British Industry (CBI). The survey of 106 firms, of which 49 were retailers, showed that, in the year to October, retail sales fell at the quickest rate […]
My first post in this series explained how to tell the difference between a risk and a threat. Today’s post will talk about a renewed approach to threat management. Modernising the strategic planning process Just as a detective solving a crime looks for opportunity and motive with a suspect, strategic planners must look for threats […]