8 11, 2013

Long-term Business Success Means Seeing the Future

By | November 8th, 2013|Categories: Business|Tags: , , , , , , , , , , , , , , , , , , |1 Comment

As many businesses have learned the hard way in the last 15 years, becoming established and having short-term success is no guarantee of sustaining long-term success. Increased competition, financial mismanagement, professional missteps, and economic downturns can all contribute to the downfall of a once-successful business. The challenge for many companies, particularly small ones, is that they are so busy in the day-to-day operations of the business, the lack the time and energy to maintain an eye on the future that is essential for long-term success. To ensure that long-term success, you must engage in a comprehensive examination of your business that includes evaluating the past and “visioning” the future. This process involves what you have done and what you need to do to ensure that it has the “legs” to sustain itself for many years to come. Note: Apologies for the double-November newsletters. The first November newsletter, Focus is the Gateway to Business Success, was the belated September issue.

28 01, 2013

Real Corporate Change Takes the Six I’s

By | January 28th, 2013|Categories: Business|Tags: , , , , , , |0 Comments

Let’s be honest, corporate change is difficult, really difficult. Whether a start-up experiencing growing pains, a company faced with increased competition, a floundering company trying to stay afloat, or a successful business attempting to expand into global markets, the path toward change can often be unclear at best and the barriers can seem insurmountable at worst. Yet change your company must if it is going to become or remain a “player” in its market. The question isn’t whether your business must change; that is a given if you want it to survive and thrive. Rather, the question is: Will our company change? If you answer in the affirmative, there are two more questions that you must ask. First, what will your company change? In the ever-morphing marketplace, there isn’t always clarity on what needs to be changed for a company to stay competitive. Second, how specifically will your company change? It’s one thing to have grand ideas about what changes your company needs to make. It’s an entirely different thing to take those “50,000 feet” ideas and bring them down to Earth. Though change is always complex, like all complicated processes, it begins with a basic framework that orients and guides the course of transformation. A useful way of framing this process is by what The Trium Group calls “the Six I’s”: intention, inspiration, information, insight, integration, and implementation.