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TOPIC: GROWTH
Creating and managing growth…
intelligently
Most business owners I meet wished they had
"more sales". Yet, many have no plan for handling the growth - even if
they were fortunate enough to get their wish. One sure way to create a disaster
plan is to create rapid growth without a plan.
I view all businesses, regardless of industry
or size, as having five (5) components:
- Manpower (or womanpower, if you wish).
- Machines - and other intangibles
that make your business flow.
- Money.
- Marketing/Sales - Creating a demand for your products or
services.
- Management - the actual people in leadership
positions.
In turn, there are three tools that can help
you maximize the use of these resources:
Synergy - The whole is greater than the
sum of its parts - combining finite resources so that one plus one equals three.
To illustrate, a business can get geometrically greater results by combining
certain resources than using them separately
Leverage - Leverage is different than
synergy in that we are not combining resources but rather applying different
methodologies or tools to the resources we already have. Leverage can occur by
changing the sequence of an operation and/or adding another element or tool.
Continuity - Developing a system for
repeatedly finding ways to use synergy and leverage in your organization is a
means to creating high levels of efficiency and effectiveness. This is the
foundation of some of the most successful franchise operations.
Management Advisory Group helps businesses like
yours every day. For example, we can leverage your management abilities by
helping them to learn new skills or management styles. We can help you evaluate
the processes or your staff. Sometimes, creating a synergy between the energy
among people can help . Employees who work in harmony with common visions are
very often more productive, yet managers may often fail to recognize the
potential of matching up certain people (or separating them when they do not
work well together).
To learn how to manage and control your
organization's growth, please click here to contact us
or e-mail us at bizdoc@global2000.net.
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