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 […]
This post is the first in a series that will reveal how to survive and even thrive in the face of threats. I’m going to start by explaining how to tell the difference between a risk and a threat. Is it a risk or a threat? If you were asked to describe the difference between […]
How can you communicate a business model transition to your employees in a way that gets them on board? Watch this video for four great communication tips that will help you ensure a successful transition.
If you decide that your company does need a new business model, how do you handle resistance to change – from employees, executive staff or board members? There are six things you can do to help staff welcome and embrace the change. This video describes them all.
When a company goes to the wall, sometimes it’s because it didn’t respond to industry changes in time. So how can you tell when you are facing major threats to your core business model? This video reveals the five major clues, and also the signs that a sale or merger would be a better option.