Tag: business strategy

5 Ways to Rethink Strategic Growth – #4 Get Input from Your Team

Developing and implementing a strategy requires multiple skills and successful growth requires multiple perspectives. Other people in the company have a different level of skillset or expertise that can be beneficial. A leader’s team should be a brain trust or a mastermind forum for decision making that develops a collective understanding of the strategic plan. …

Continue reading

3 Tips for Leaders from the 2018 Winter Olympics

Athletes from around the world have gathered for the 2018 Winter Olympics, which officially kicked off with the opening ceremonies on February 9 in Pyeongchang, South Korea. As you watch the games and cheer on your favorite team, here are three leadership lessons to consider. 1. It takes a team Expectations were high for American …

Continue reading

2 Reasons Why You Should Say “No” to Opportunity

Knowing when to say “no” to opportunity is just as important as knowing when to say “yes.” Growing your company is exciting and it’s tempting to pursue a good opportunity when you see it. Saying “no” does not come naturally to most of us. While you might be afraid to turn down an opportunity because …

Continue reading

3 Tips for Achieving Your Company Goals in 2018

On January 1st many people make New Years’ resolutions to lose weight, exercise regularly, or save money. Unfortunately, many abandon these resolutions shortly after making them. We stop going to the gym and end up blowing our budget on a shiny new widget. The new year is also a time when companies set their own …

Continue reading

Remember When Amazon Was a Bookstore? Broadening Your Perspective on Strategic Growth

With the holiday season in full swing, chances are you’ve sent or received packages from Amazon. Over Thanksgiving and Black Friday, Amazon brought in 45% of all online transactions. Although we don’t have numbers for Christmas yet, you can bet Amazon sales are making up a huge share of the sales. Amazon’s dominance as an …

Continue reading

Buy vs. Build? How to Know Which Solution is Best

Should you acquire a company or develop your own solution? This is a question many leaders wrestle with when considering the best path forward for their company; however, there’s no one answer since every company’s situation is unique and each approach has its advantages and disadvantages. Let’s take a moment to explore these two pathways …

Continue reading

5 Steps to Rethink Your Company’s Approach to Strategic Growth

When it comes to pursuing strategic growth, one of the biggest mistakes a leader can make is to simply keep doing something because that’s the way it has always been done. It’s important to reevaluate processes and methods with today’s business environment in mind. The very nature of business is change. New technologies, capabilities, and …

Continue reading

What Went Wrong? Turning Acquisition Failure into Success

“We did an acquisition about 15 years ago. It did not go well…I guess you could say we are still ‘recovering,’ the CEO of a family-owned business recently shared with me during a meeting. She went on to explain there were a number of integration issues and other challenges that cropped up post-closing that the …

Continue reading

Which Way? 3 Ways to Prioritize Your Options for Growth

The possibilities may be endless, but your resources are not. For many business owners with limited time and money, deciding which ideas to pursue can be a challenge. Here are three ways to prioritize your options for growth: 1. Start with your company vision The best way to make sure you’re moving in the right direction …

Continue reading

Getting from A to B – Harness Your Ideas to Grow Your Company

Entrepreneurs rarely face the challenge of having too few ideas. In fact, like most entrepreneurs and business leaders you probably have a multitude of great ideas for growing your own business. Your biggest challenge may be figuring out which of all the alternatives is the best way to get from where you are now to …

Continue reading

Load more