Wilson Perumal » Blog Archive » Implementing the 7 Element OEMS: Determining the Size of the Prize If you don’t know where you are going, it is difficult to plan how you will get there. That might not seem like an earth-shattering revelation to you, but it is an idea that gets overlooked all too often in business planning and determining where you want to go is the essential first step in implementing the 7 Element Operational Excellence Management System. Understanding the potential upside - determining the size of the prize - for your firm is pretty straightforward: 1. 2. 3. 4. 5. Having done that, you will have a clear, objective vision for what your company’s performance can and should be in the future. We have seen the powerful impact benchmarking and understanding performance gaps can have in countless situations. 1. 2.
Excellent Powerpoint Slides on Marketing Strategy and Marketing Management The Porter generic strategy model examines two major marketing planning concepts and the alternatives available with each: competitive scope (broad target or narrow target) and competitive advantage (lower cost or differentiation). By combining the two concepts, the Porter model identifies these basic strategies: cost leadership, differentiation, and focus. With a cost leadership strategy, the firm appeals to a broad market and manufactures products in large quantities. You can download excellent powerpoint slides on Marketing Strategy and Marketing Management HERE. With a differentiation strategy, the firm aims at a large market by offering a product viewed as quite distinctive. With a focus strategy, a company seeks a narrow target segment through low prices or a unique offering. According to the Porter model, the relationship between market share and profitability is U-shaped. Indonesian version of strategy article like this can also be seen at www.StrategiManajemen.net
Technology A vast array of technological resources to address the needs of any industry or business. Any firm able to compete in today's market has embraced trends in technology and the computer services revolution. The same task undertaken today with the aid of computer accessories finds itself completed with double the quality in half the time utilizing less than one-third of the personnel. Computers have magnified the innate ability of the workforce to create; this is something about which not many past revolutions could boast. Worker productivity has skyrocketed in the aftermath of technological progress. Networking equipment provided computing a revolution within a revolution. The type of technology that your business uses, however, will likely depend on the industry that you work in. To make sure that you choose technologies that address the needs of your industry and business, you should explore your options.
The Common Craft Blog Many professionals work toward the moment their project, presentation, or work blows someone’s socks off. It’s easy to imagine a dream-like vignette where, once your peers and managers see your work, they form a conga line to celebrate the amazing things you’ve done. It’s sexy, they say. It’s a seductive way to think about work. But here’s the thing. Once the lights dim and dance floor clears, there must be more to the story. Of course, this may not be sexy. So, don’t be seduced. Mullins' Seven Domains Model - Strategy Tools From MindTools Analyzing Business Opportunities Mullins' Seven Domains Model allows you to look at a potential project or venture from seven different angles. © iStockphoto/blackred Can you imagine buying a car without first taking it for a test drive? Or buying a home without first inspecting every room? In everyday life, it's instinctive to test products and to look at them from different angles before parting with your money. This helps you confirm that you're making the right choice. The same should be true before you start a business, or launch a new project or product. You need to look at it thoroughly, and examine it from a number of different perspectives. Mullins' Seven Domains Model helps you explore the impact of seven key factors – or "domains" – on your planned venture. We'll look at the seven domains in this article, and suggest questions and tools that you can use to explore your business idea. About the Tool It was created for entrepreneurs interested in starting new businesses. Note: Next Steps
BUSINESS STRATEGIES. Business Strategy, Competitive Strategies and Tactics to Beat Your Competition. Strategic Management coaching by Vadim Kotelnikov Business Strategy Defined A full statement of a selected business strategy is a business plan defining: the company vision, overall corporate strategy,and objectives the strategy and tactics that will enable the company to reach those objectives the resources required, and how they are going to be obtained; what the main milestones and steps are along the way; who is responsible for causing each step to occur; what are the company's business risks and external factors that need to be kept under review for indications that a change in strategy or plan may be required. Surprise To Win: 3 Strategies Modern Theory of Business Strategy Strategizing is much more than just visioning, forecasting and planning. As strategy today is a subject of application, rather than a discipline, the obvious underpinning disciplines for strategy are economics and organizational sociology. 3Ss of Winning in Business Working On Your Business The Methods of Business Strategy The questions are twofold:
Blog | Working Capital Paul Graham - Y Combinator Bob Parsons - GoDaddy Fred Wilson - Union Square Ventures de Bono Thinking Systems | Tools This site takes advantage of cutting edge technology to present the most effective and efficient website. This technology requires that your browser supports web standards. While this site will remain functional for you without, we strongly recommend you upgrade to a standards-compliant browser. You have been assigned to figure out how to increase productivity in your department while reducing costs. Or you need to figure out how to shorten meeting times, reducing conflict among your team members while you're at it. At the core of the de Bono Thinking Systems® are three distinct thinking methods as developed by Dr. The methods can be used independently of each other, or in combination, depending on your situation. Introduced in 2004, Focus on Facilitation™ which uses tools from all three core methods creates a unique tool kit for Facilitators of all skill levels.
Effective status meetings lead to successful projects One of the most valuable tools you have as a project manager is a weekly project status meeting. I approach any significant project by holding weekly project updates. These status meetings help:The new project members develop as a team.Me, as the project manager, identify weaknesses early enough to make corrections.Me, as the project manager, reinforce key points and provide early coaching.An astute project manager uses a status meeting to go beyond simply learning about how the project is progressing. A good project manager already knows that before the meeting. PreparationTo be an effective project manager, prepare for every project status meeting by checking with each of your key project team members before the meeting. I prepare in several ways: Detail project review: I walk through each of the tasks due to be completed within the next two to four weeks to determine the status of each. Consider these approaches when working with each agenda item.
Small Business Growth Quiz: 7 Market Focused Questions You Must Ask to Help You Grow Yes, we'll admit that the economy is showing signs of recovery, but the real question is whether it's showing signs of recovery for you and your business. To answer this question you need to stop thinking like a small business owner and start thinking that you are running a multi-million dollar enterprise. Why? Here Are 7 Questions to Think About and Respond to When Planning for Business Growth: Do you have a strategic vision that outlines your business direction for the next 12 to 24 months? How did you do in answering these questions? We have also seen companies that believe answering questions such as these is a waste of time. Why Our 7 Vital Questions for Small Business Owners Who Want to Grow Their Business Is NOT a Waste of Time? A small research oriented company who had been in business for 10 years was modestly successful. And they really didn't have to. They decided to re-focus their efforts on growth. So what really happened?
Alternative Medicine, Cancer Thearpies, Health Consultation|Burton Goldberg Tools and tips for effective time management strategies, goal setting, and motivation. Twenty Questions for Business Growth | Sales Strategies - SalesVantage.com SalesVantage.com >> Article Archives >> Sales Strategies >> Twenty Questions for Business Growth Throughout most businesses and industries the same questions seem to surface when it comes to successful growth. How often have you heard that someone is having trouble starting their business, or struggling to take it to the next level or even closing their business because of what seems to be a number of common and evident problems. Most of these problems, more than likely, could have been alleviated if only the entrepreneur or management team would have taken the time to view their situation realistically before acting. Our emotions have a tendency to obscure the obvious. The following are twenty questions to ask yourself when it comes to your business, its growth and success. 1. 3. You should periodically review your goals and objectives so that you clearly understand how delegating will enable you to reach your desired outcome. 11. 12. 14. 15. 16. 17. 18. 19.