Your Business Strategy is what sets you apart from your competitors and enables you to achieve above average profits. It’s one of the most fundamental aspects of creating and sustaining a successful business. The following resources provide greater insight into this aspect of business.
As a business owner, the sheer number of tasks you need to perform makes it essential that you establish and focus on the critical success factors! The breadth of your responsibilities can make it exceptionally difficult to know what to focus on, what to delegate, and what to ignore! With ...Read more
Regardless of your industry, Porter’s Five Forces is a powerful tool business owners can use to understand: The dynamics of the industry their business operates in The key drivers of its profitability How your actions may affect your industry position and level of profitability If you don’t have a good ...Read more
The pestle analysis is a tool used to help identify opportunities and threats in the broader business environment and in turn, develop suitable responses. Regardless of size, all businesses are impacted by the environment they operate in. The business environment is highly complex, constantly changing and varies significantly from one ...Read more
If you cannot achieve and sustain a competitive advantage, you will not achieve the long-term performance levels needed to maximise your lifestyle and wealth. To maximise success, you must understand the key choices you have for creating competitive advantage, make an appropriate choice and stick to it! Not making a ...Read more
To achieve superior performance, it’s essential to know how to create a business strategy. You must create arobust business strategy that’s unique to you and clearly details how you will succeed in the competitive environment in which you operate. There is no single best business strategy! Instead, when creating your ...Read more
‘What is business strategy?’, is a common question business owners and managers ask. It’s an important question because success doesn’t happen by itself. It takes planning and deliberate action to create success. Not having a clear and well-developed business strategy is a recipe for disaster and heartbreak. As a business ...Read more
A critical strategic mistake many business owners make when it comes to business strategy, is striving to be the ‘best’. Too often business owners mistakenly believe that striving to be the ‘best’ is a strategy that will lead to superior business profits. They aim to be the best (they think ...Read more