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What's The Difference Between a Business Plan and a Strategic Plan?

The Difference Between a Business and Strategic Plan?

By , On , In Strategy

Although a strategic plan is a form of business plan, there are several important distinctions between the two “plans” that are worth noting. As you put your business plan together, keep in mind the following tips: Determine the objectives of your plan Decide what information must be presented in the plan, e.g. if finance is…

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business plan

6 Tips For Preparing Your Business Plan

By , On , In Strategy

Every business is unique and therefore your business plan must be structured to suit the needs of your business. There is no right or wrong way to structure a business plan—each differs in presentation and emphasis. The particular requirements of your business should be taken into account, as well as the purpose or use for…

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Business Plan Mistakes

7 Huge Business Plan Mistakes (And How to Avoid Them)

By , On , In Strategy

Make no mistake—business plans are critical. You’ll need a well thought out plan for your bankers, investors, and management team. A business plan that carefully explains how you will make money and how you will be able to repay loans and investments. But preparing a business plan for the first time can be a daunting…

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Effective Change

Culture as Culprit: Four Steps to Effective Change

By , On , In General

In most articles you read, corporate culture or perhaps a lack of culture, is blamed for most implementation and execution problems. Culture “trumps everything,” it is argued, usually without the empirical evidence to back up such a claim. This argument can create a “culture trap” – a very narrow way of thinking about culture and…

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Change is Most Powerful When It Comes From the Top

By , On , In General

How often do you change the structure of your organisation? Recent research suggests that many organisations, are in a nearly permanent state of organisational change. One plausible explanation for the continuous need to change is that, every time an organisation switches direction, it alters it structure to deliver the hoped-for results. Rather than small, incremental…

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Innovate Before It’s Too Late!

By , On , In General

Businesses that fail to prioritise innovation are unlikely to thrive – or ultimately survive – in today’s increasingly competitive market with the need and expectation for continuous improvement. The light-speed pace of technological development, ever more demanding clients, plus unrelenting competition is forcing businesses to look for new ways of doing things to give them…

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Leading Good Change

Professionals Guide to Planning & Leading Good Change

By , On , In General

You need change. Change is good and necessary. Simple, clean, positive change within your organisation will help improve morale and raise profits. Why then, when we know change is good, do we baulk at implementing it? One clue as to why we avoid change comes from research collected from senior executives on culture and change…

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Organisation

Every Organisation Has a Culture, Which Either Works For You or Against You

By , On , In General

In Roger Connors and Tom Smith’s novel “Change the culture, change the game”, Connors and Smith elaborate on the strategy for energizing your organization and creating accountability for results that all businesses should be cognisant of in their operations. In summary the authors Connors and Smith simply state that: Every organisation has a culture. Either…

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Employee Collaboration

Mapping the Value of Employee Collaboration

By , On , In General

As collaboration within and among organisations becomes increasingly important. Companies must improve their management of the networks where it typically occurs. Although collaboration is at the heart of modern business processes, most companies are still looking for the best way to manage it. Linear, process-based tools such as activity-based costing, business process reengineering, and total…

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Leadership

Unlocking the Manager’s Potential for Leadership – One Becomes Two

By , On , In General

Your managers are your potential successors. If not why are they working for you? Instead of administrative work and meetings, managers should focus on coaching their employees and on constantly improving quality. Managers are particularly important in businesses with distributed networks of offices and employees. These industries—for instance, infrastructure, travel and logistics, legal services, manufacturing,…

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