Articles in the Strategy Category
Invitation to PEERSTRAT:
Peer Strategy Review workout at High Tea on Saturday May 17, 2014, New Delhi
Dear Business Folks,
We are delighted to extend an invitation to you for a Peer Strategy Review workout (PEERSTRAT) session conducted by Omnizient Labs:
Date: Saturday, 17th May, 2014
Timings: 3:30 to 6:30
Location: Samavar, B-36A, Pamposh Enclave, GK-1, New Delhi – 110048
The PEERSTRAT sessions enable you explore ways to make your business get bigger, grow faster and be the very best in your industry.
All participants are invited to share the challenges and opportunities they are facing in their business as per following Five Step PEERSTRAT Agenda:
I was recently invited by one ‘Fitness company’ to advise them on how to cut the losses. One of the ways devised by them were to appoint franchisees so that they can have economies of scale for buying equipments and marketing expenses. Now that the company had decided to expand through franchisee route, the whole focus of the said company was to find people, though acquaintances or any other other means who would be their potential franchisees. I had no problems in this strategy, which perhaps was a good and viable option. However, I was my concern was they were missing an important piece when you are expanding your business. In my assessment, they needed to expand their bandwidth at the top and it was necessary to think about composition and functioning of the board. The kind of milestones the company intended to reach would be near to impossible to achieve without a proper board.
Every business wants to increase revenue and cut expenses. How about if you do both of those things, and help the planet at the same time?
How? By going greener in your business.
Yes, I know—you’ve heard for years: “I’d love to go green but it’s too expensive and difficult!” Maybe you’ve even said this.
The good news is that’s nonsense. Done the right way, going greener can be easy, cheap, and profitable.
Let me say that differently: sure, there are plenty of expensive, difficult ways to green a business. But there are also lots of ways to go greener that you can do quickly and easily, for little or no cost.
We had advised earlier to Clarify Your Goals in a previous post here. But then temporary clarity using a few smart technology tools is not good enough in these “interesting times”.
Especially when you are in a critical business situation and decisions need to be made among a series of contradictions.
Often, we find ourselves overwhelmed with a large number of exciting options, immense possibilities, conflicting opinions, changing priorities, shifting bottlenecks, fluctuating market scenarios and unpredictable customers!
Test your situation with this TEN-QUESTION-TOOL to re-engineer and transform your situation into a workable strategy and clear-cut plan!
Most medium and small scale companies in India do not leverage intellectual property as a strategic tool to accelerate their commercial success. For example, when you have an idea for a business that is unique, that has a value proposition, you have some intellectual capital. How do you derive value from it?
Intellectual capital is not just about filing patents. It is the aggregate intellectual material knowledge, information, intellectual property, experience that can be put to use strategically to create wealth in a company.
However, it is rare that an SME owner would have access to in-house IP expertise. One way out is to hire right consultants.
How does an entrepreneur GET CLEAR? Really clear about business, customers, profits and the entire spectrum that makes up an entrepreneur’s life.
How CLEAR are you about your business goals, most profitable market segments, long-term strategy, day-to-day business operations and the integration of all these with your life goals?
First thing is to CLARIFY your goal. What do you exactly want out of your business?
Money for comfortable existence? Or, are you on your way to becoming a global tycoon?
Do you wish for a stable business? Or, a growing business? Or, an accelerating business which, perhaps, you can sell soon?
What is the most appropriate growth strategy for your business?