Categories ArchivesLarge Business

How to make better decisions standard

In these crazy-busy times, it is easy to develop a knee-jerk approach to decision-making. So what can you do to make it easier to 'hop in the helicopter' to gain a more informative perspective?  Hop in the helicopter 'Hopping in the helicopter' means getting above the noise and busyness to gain a clearer understanding of an issue. Being in the helicopter enables you to see things you couldn't when in the thick of things.  From the helicopter you can see patterns, opportunities and even the significance of the issue. So how can you make it easier to hop in the helicopter? Track your KPIs over time Assessing a single measure in time gives no indication of the direction it is taking. It is essential ...

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What your strategy must do for you standard

It is essential to have clear strategies, but they won't be any use unless they do these six things Your strategy must: Define, in general, how your business is going to achieve its goals Maximise the $ potential of your business Articulate the main points of difference from your competitors Unite and focus your team's efforts Provide clear parameters for decision-making Facilitate increased profitability, growth and longevity. What is strategy? Clarify your strategic plan to achieve your goals Define what is core, unique and valuable about your business You are in Tips and Tools Read more Search a different topic Would like help with your ...

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How clear is your strategy? standard

Take the Test - how clear is your strategy? It is essential to have a clear strategy that everyone in your business understands and can contribute to. Take this simple test to see how clear your business strategies are: A) Ask your staff these 4 questions: What are the 4-6 things that make us different from our competitors? As a business what key things do we really excel at? What are our main current business priorities? In your job what do you think are the most important things you need to achieve? Would your strategies get an A+ for Clarity? B) Review their answers. How consistent are they?  Can you see any themes running through the answers?  Do the themes resonate with your core business strategies? C) Decide what this exercise ...

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