With Unlimited Resources, You Can Pursue All Alternatives

Posted by Jim Connolly on 1 December, 2009  Email This Post -  Print This Post

With unlimited resources, you can pursue all alternatives.

Since none of us has unlimited resources, which opportunities will your organization pursue in 2010?  Will you fill that key position?  Expand the product line?  Cut back in specific areas?  Borrow money to invest in capital equipment?

With an effective plan for 2010, you get to choose your course instead of letting your customers, competitors and market forces determine your results for you.  The fact is that there are some market segments where you competitors can beat you and other market segments where they can’t beat you.

Five Steps
As we come to the end of one of the most challenging years ever, do you have a clear plan for 2010?  Here are five steps you can take to improve your 2010 financial results:

• If you don’t have a business plan for 2010, develop a plan that will serve as a blue print for 2010.  You’ll be working your plan for growth, while your competitors get pushed around again like they did this year.
• If you have a business plan in place, is there a process that takes 14 steps in your company, while a competitor has figured out how to do the same process in 5 steps?  Is there a key employee or leader that is not performing well in his/her role?  There is a gold mine of opportunity for improved financial results to be mined in your organization.  Let us help you address organizational issues and build best practices in key areas.
• If you have fully implemented best practices, do you have a strategic plan?  More specifically, do you have a breakthrough strategic plan? There is a significant difference.Most strategic planning processes start with deciding on a mission statement without regard for whether the market wants any of what you have to sell.  A breakthrough strategic plan starts with an analysis of the external market environment.  Our process asks you “Where are there key opportunities that you are uniquely equipped to take advantage of that will deliver improved revenue, gross profit   and operating profit?”  Build competitive advantage that is unique to your company’s strengths.
• If you have truly developed a breakthrough strategic plan, what’s next?  Innovation.  Specifically, management innovation.  We have seen incredible product and technology innovation over the past fifty years.  However, the model we use to manage our organizations has its foundation in early 1900’s in the then emerging industrial revolution.  It was designed to achieve efficiency.  It did that.  But, today, we need more than that.There is a growing list of companies that are beginning to create innovative new management models that are built for the challenges we face today such as a global marketplace, deregulation, the pace of change, information overload and the impact of the Internet.  Why not be one of the companies that are soaring beyond the constraints of old management methodology?  We can help you get there.
• Finally, even if you have completed your planning for 2010, did you get feedback and guidance from a professional resource outside of your company?  “Improving the PRC process” may mean something to you today, but it’s not measurable and it’s not clear which part of the PRC process needs to be improved.  It also has no deadline and no one responsible for it.  Bottom Line:  It won’t get done, just like the things that didn’t get done last year.  Let us help you make sure your plan delivers the results you need it to deliver.

2010 is just around the corner.  What steps will you take to be better prepared than your competitors for what is likely to be yet another challenging year?

We hope you’ll use these suggestions to drive results for your organization in 2010.  If we can be of assistance to you by guiding you through these strategic initiatives, please don’t hesitate to contact our Founder and President, Jim Connolly, for a no cost and no obligation consultation.  Use our expertise to drive results in your organization.

As always our blog articles and Web site are available as a free resource to you.