It is that time of the year that many business leaders turn their attention to revisiting their business strategy. It is, therefore, an opportune time to reflect upon the ingredients in developing an effective business strategy. Business strategy is an…
Crafting Undefeatable Business Strategies – Part Two
In crafting your business strategy, your focus must not only be on revenue growth and cost reductions to drive profit but must also focus on the catalysts of competitive strength. Actions driving revenue such as new products, services, customers and…
Crafting Undefeatable Business Strategies – Part One
Strategy is simply how you intend to compete, but there is nothing simple about competing effectively. Your goal should be to develop undefeatable strategies in building a great business, and nothing less should be acceptable. There is a secret to…
Strategy Underpinning Performance
As you develop your business strategy, you are also influencing, and likely, determining the level of performance of your business. But that performance is not directly influenced by the growth strategies – new markets, new products etc. – set in…
Stay The Course, Don’t Blink and Never Swerve
Great strategy requires a commitment to deliver. To stay the course and not weaken in the face of uncertainty or challenges. You could say that this simply requires courage, but in business, it takes a lot more. It requires a faith…