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Updates & Resources
Are you interested in learning about all the latest trends or gaining insight on the best ways to tackle some of your complex challenges? We provide news, tips, and resources for all of our clients. From the most recent news updates to strategic planning tips, there is something helpful for everyone. Take a look below.
July 14, 2017
Strategic Direction
This concept highlights the route/path that a business wish to take as it continues its operations. The business first needs to know exactly what it is and what makes unique to other businesses with the same market offering, this type of information is reflected on the business's mission statement. The business can then start the preparation of establishing their idealized goal/s to clarify the direction the business wishes to take. The direction of the business is signified in its vision statement, this envisioned concept is a long-term goal that the business wish to achieve. It is critical that the vision statement adhere to many criteria components used to establish it, this will ensure that the vision of the business is clear to everyone in the organisation and make it easier to execute performance that is in relation to the vision of the business.
August 29, 2017
Business Environment Analysis
As a business, it is important to analyse the environment under which the business functions, this is done to get as much information as possible in order to formulate the right strategies for the sustainability and the growth of the business through gaining the competitive edge. The business needs to able to formulate strategies that will see threats being minimized by turning them into opportunities that the business can exploit to gain the edge over its competitors; these strategies should also be able to help a business turn its weaknesses into strengths. The business can use three methods to get information about its internal environment being: Resource-based view, Value chain analysis and the Functional approach, with regards to the external environment, the business can use the PESTO analysis and PORTER's Four market forces. The information gathered from these processes can then be transferred into the Evaluation Factor Matrix which will then be interpreted accordingly as per the scoring obtained during the rating process.