Strategy
When you’re emotionally connected to something, whether it’s your company, a loved one, or even those hobbies we love, it’s hard to tell when it’s time to correct things or its time for meaningful change. We are often too close to see the wood for the trees as they say.
Like, correcting your favourite child (we know you have one), recognizing that your favourite jeans are so 1980’s style, or getting advice from a stranger on how to run your business. It can be tough to see that’s time to take a fresh perspective.
If you want your child to be successful, and that people don’t laugh at your amazing 1980’s fashion, it’s best to face this “barrier”.
This is when its time to seek advice from a seasoned business strategy consultant to get through a bad business situation. After all, the people who benefit the most from your business are always external: your customers. The people that you need to convince of the value of your products or services, so you can get maximum profit from them.
Therefore, if you need help designing your processes correctly to deliver this perceived value, it’s time to call a strategy consulting firm.
This is when its time to seek advice from a seasoned business strategy consultant to get through a bad business situation. After all, the people who benefit the most from your business are always external: your customers. The people that you need to convince of the value of your products or services, so you can get maximum profit from them.
Therefore, if you need help designing your processes correctly to deliver this perceived value, it’s time to call a strategy consulting firm.
Do you need our help?
Take this 5 question quiz to find out.
1- Is your company making a loss?
Of course, one or two slump periods, even in succession, doesn’t mean that you should call a consultant. Analyse the economic environment that you’re working in and for take an outside view such as if your competitors making a profit.
2- Are you losing your place in the market?
This is a serious signal, but like all the other questions, it’s not conclusive. You should make the decision to call a strategic consultant based on the combination of your answers to all these 5 questions.
3- Does the company have a leadership change less than every 2 years?
If the Big Boss is unable to hold office for very long, it may be a sign that the company is lacking strategic direction.
4- Is the company losing key personnel?
Your key staff have a history with your company. If you want them to stay put, they need to believe in the strategic direction. Remember, if they were happy, it would take a very attractive pay offer for them to consider leaving. If they’re leaving, you need to know why.
The loss of directors and vice presidents may be a sign that they don’t trust the direction things are going.
5- Is the strategy decision-making process confusing and conflicting?
Of course, decisions like these are not taken lightly. Frictions and disagreements are normal. But if the level of stress and antagonism is too high, this may indicate strategy problems.