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Strategy

Want to Improve Your Business But Not Sure Where to Start?

Learn how your business stacks up with internal and external strengths, weaknesses, opportunities and threats (SWOT), then take action. Volatility is here to stay! Even though we continue to drudge along in the lackluster recovery, excitement remains - earthquakes, nuclear disasters, global conflicts in Libya, oil prices skyrocketing again, [...]

Lean – Fad or Vehicle to Bottom Line Results?

If you notice and act upon trends, you will succeed. In my 20 years of experience across multiple industries and globally, I've found that a secret to success is identifying trends EARLY in the process and then acting upon them as it makes sense. Lately, I've had a plethora [...]

2020-10-06T20:40:39+00:00April 27, 2013|Categories: Change Management, Strategy|Tags: , |

Volatility is the New Norm

In today's new normal business environment, volatility is the new norm. Change is required to remain competitive or to become competitive. If you manage change better than your competition, you'll have the opportunity to leapfrog the competition. In the last several years, I've seen a multitude of examples of [...]

2020-10-06T19:49:57+00:00April 27, 2013|Categories: Strategy|Tags: , |

Scorecards/ Metrics – how to make a difference to your bottom line

Why track performance? Not tracking performance would be the same as if you watched a football game and never knew the score - what fun would that be? And why watch at all? Scorecards and metrics are your tool for understanding progress towards your business goals and they provide [...]

2020-10-06T21:03:23+00:00April 27, 2013|Categories: Strategy|

Lessons from my Finance Mentor: How to Turn a Profit

My finance mentor definitely signifies "profit through people". I learned more from him about how to make a profit in the years we worked together than my BSBA, MBA (in Finance) and all the training classes over the years combined. He took all the complex terminology, confusing formulas and [...]

2020-10-06T20:53:32+00:00April 27, 2013|Categories: Strategy|

Strategy – it doesn’t fail in formulation; it fails in execution

It is interesting to sit back and watch as companies spend millions of dollars on strategy formulation, just to achieve minimal results due to poor execution. Yet, the process repeats constantly - more money is dumped into strategy formulation, 3 ring binders, fancy Power Point slides, etc. On the [...]

2020-10-07T23:51:35+00:00April 25, 2013|Categories: Manufacturing, Strategy, Supply Chain|

Defining and Controlling Costs

Navigating growth gets tricky if you lose perspective on spending. Keep costs under control by identifying the spot where people, process and technology work best.Understanding and controlling costs has always been a critical success factor for the majority of businesses; however, during times of economic turmoil, it elevates to [...]

Budgeting

Always an appropriate topic but especially key during a recession: Plan - as obvious as it sounds, think in advance about your projected income and expenses. I'm constantly surprised how many businesses and households do not plan and then are surprised at the results. Think big picture - forget [...]

2020-10-06T20:53:53+00:00April 25, 2013|Categories: Strategy|

Innovate or Die

In today's economic environment, slow and steady progress, a continuous improvement philosophy and a low-cost producer, commodity focus will likely result in death. Why? Because it takes more than "good" to stand out in the crowd and deliver consistent and growing profitability; it takes radical change and innovation. In [...]

2020-10-07T23:51:35+00:00April 25, 2013|Categories: Manufacturing, Strategy, Supply Chain|
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