Sustainable Growth:

Strategic Thinking

Working On Your Business

 –  Not Just For Your Business

By: Vadim Kotelnikov

Founder, Ten3 Business e-Coach Inspiration and Innovation Unlimited!

"Rowing harder doesn’t help if the boat is headed in the wrong direction." ~ Kenichi Ohmae

The Tao of Business Balanced Management Yin and Yang Ten3 Business e-Coach: why, what, and how Opportunity-driven Business Development Brainstorming Working ON Your Business Balanced Approach to Business Systems Moving with Speed Entrepreneurial Creativity Vadim Kotelnikov Quotes 1000ventures.com Efficiency Improvement Strategic Thinking Management by Consciousness Inclusive Company Brainstilling The Power of Balance Balanced Manager. Balanced Management: Balancing Outside-In and Inside-Out Approaches

Questions You Need to Ask Yourself Each Time You Spend a Day Working ON Your Business

Strategic Alignment

  1. What is your vision? What if your real big objective? How quickly this objective can be achieved? How badly do you want to achieve this big objective?

  2. What is your sustainable competitive advantage? What are your internal capabilities and core competences? What is the real great potential of your business unit?

  3. What do you need to do differently to achieve your full potential? Do you need to be offering other new products/services to achieve your full potential? Would offering other products/services take your eye off the ball? Is there anything that should be destroyed or abandoned?

Internal Resources and Capabilities

  1. What additional human and financial resources and competences would be required to achieve your big objective? Do you have access to those resources and competences? Do you have right people in the right positions?

  2. What are you willing to invest (money and other resources) to achieve your big objective? What would you do with the revenue created?

  3. Are you strong enough to make the necessary decisions and implement them?

External Environment

  1. Do you face reality? Is the world changing faster on the outside than you're changing inside?

  2. How many and what type of customers you need to achieve your big objective? What does each customer need to spend in order to achieve the big objective? Are they willing to spend? How will you differentiate your new product/service to make them willing to spend?

  3. How competitors would react to your moves? What is your competitive strategy?

 

 

Staying On Course

2 Business Growth Strategies

6Ws of Corporate Growth

Creating Customer Value: 9 Questions

Most businesspeople are so busy working for their business or in their business that they never find time to work on their business. Thus they fail to anticipate what might happen or what they might be able to make happen.1 Unless you regularly schedule time (one-day out-of-the-office meeting a month at least) to work on your business and answer critical questions, you'll never achieve your stretch goals.

Working On Your Business Instead of Being a Slave To It

 

Is your business consuming you, taking up all of your time, thoughts and energy? Do you want more success in your business? Do you think you'll have to work harder to get it? Your business doesn't have to be like this. You can choose to change and start working smarter. Now, you've probably heard people bandy around expressions such as 'work smarter' but although it sounds good, does it actually mean anything?5

Competitive Strategies: 2 Types

3 Strategies of Market Leaders

Surprise To Win: 3 Strategies

Balancing Your Business Systems

If your business is in flames, stop what you are doing, quiet your mind and take a bird's-eye view of your business. Drop any misconceptions you may have as to what you should be doing, and then re-balance your business.  As you regain the balance in your business, you will regain control.

A business is more than finance. Performance measures need to be aligned with the organization's strategy. The Business Systems approach considers business as system of interrelated factors of strategy, owners, investors, management, workers, finance, processes, products, suppliers, customers, and competitors... More

 Case in Point  25 Lessons from Jack Welch

Lead more, manage less, Don't get bogged down in overmanaging. Don't run your business. Run is not the right word. Lead it. Manage less to manage more. If you use half your capacity on memorizing thoughts and details, you've got very little time left to look for things to change and drive. "Since much of business comes down to facing reality and then acting on that reality, over-managing has the potential to confuse people. By getting caught up in unimportant details, no one can see the true reality that might be staring them in the face."8 Don't waste a lot of time on making budgets. They waste energy. The world is changing quickly. You can't afford to waste time in Bureaucracy. Focus on strategic issues and improvement. Work on your business, not for your business, to figure out exactly what it is you need to do in order to achieve your goals... More

Jack Welch's 5 Strategic Questions

New Goals for Strategic Planning

In the new business environment of rapid changes, heightened risk and uncertainty, developing effective strategies is critical. They prepare executives to face the strategic uncertainties ahead and serve as the focal point for creative thinking about a company's vision and direction.

Many companies get little value from their annual strategic-planning process however. To meet the new challenges, this process should be redesigned to support real-time strategy making and to encourage 'creative accidents'1... More

SMART Business Architect (Ten3 Mini-course)

 

 

 

References:

  1. It's not the BIG and eats the SMALL... it's the FAST that eats the SLOW, Jason Jennings and Laurence Haughton

  2. "Tired of Strategic Planning?", The Times of India

  3. "Direct from Dell", Michael Dell with Catherine Fredman

  4. "The GE Work-Out", Dave Ulrich, Steve Kerr, Ron Ashkenas

  5. "Working On Your Business Instead Of Being A Slave To It", Wendy Hearn

  6. "The E-Myth Contractor", Michael E. Gerber

  7. "Management with a Difference", Dr. G.P.Gupta

  8. "The Welch Way", Jeffrey A. Krames

Mini-courses:

  1. SMART Business Architect, Vadim Kotelnikov

  2. 6Ws of Corporate Growth, Vadim Kotelnikov

  3. The Tao of Business Success, Vadim Kotelniklov

  4. 3 Strategies of Market Leaders, Vadim Kotelniklov

  5. Systemic Innovation, Vadim Kotelnikov

  6. New Business Models, Vadim Kotelnikov