Developing a Business Growth Strategy from Consumer Research

Only half of startups survive more than five years, and only a third make it to ten years. To ensure sustainability of business, you must create growth strategies. A tangible plan is a defining factor that determines whether you will create growth or devalue the business. A business growth strategy should integrate consumer research to capitalise on market opportunities and keep a pulse on their market dynamics. Here are tips on developing a business growth strategy from consumer research:

Read more at: https://www.business-achievers.com/general/developing-a-business-growth-strategy-from-consumer-research

Grocery distributor uses data to justify quality service strategy

Grocery wholesale distributors use networks for buying power and breadth of product range. For many members of the Countrywide Food Service Network, data analytics is the new secret weapon to stay competitive.

Kimberley Marketing (KM) is a wholesale grocery distribution business and a cash and carry retail store. Phil Brittain runs the business from Kununurra, a town in far north Western Australia, with the closest cities being Darwin, 500 miles away and Perth, a further 2000 miles south.

Read more at: https://www.phocassoftware.com/business-intelligence-blog/grocery-distributor-uses-data-to-justify-quality-service-strategy

Setting Strategic Priorities: How to Decide Which Initiatives Will Move Your Organization Forward

After you’ve developed your vision, mission, and values, the next step in the strategic planning process is defining your objectives, strategies and tactics (i.e. how you will carry out your strategic plan initiatives).

The first step in this part of the process is to define your key strategic priorities over a set period of time. Strategy is about making decisions and deciding which initiatives will move your organization towards your vision and keeping an eye out for what may slow you down or hold you back. 

Read more at: https://www.smestrategy.net/blog/setting-strategic-priorities-how-to-decide-which-initiatives-will-move-your-organization-forward

How to Monitor and Track Your Strategic Plan Progress: Interview with Carl Cox

In this episode of our Strategy & Leadership Podcast, we were joined by Carl Cox who is the CEO for for Cascade Strategy North America. Originally an accountant and CFO, Carl started off as a client of Australian based Cascade Strategy. As he developed in his executive roles, he became deeply involved in strategy work and eventually opened Cascade’s US office.

Read more at: https://www.smestrategy.net/blog/how-to-monitor-and-track-your-strategic-plan-progress-interview-with-carl-cox

The 10 Most Popular Strategic Planning Templates On Our Site

The basis of strategic planning is simple: Our organization is at point A. We need to get to point B in three to five years. What are we going to do to make that happen?

Creating this vision is straightforward (and usually pretty fun). But actually managing the strategic plan that executes this vision isn’t always simple…or fun. In fact, looking at your strategic plan on a regular basis throughout the year and actually taking the steps to achieve the plan described above is something that tangles up many organizations around the world.

More information: https://www.clearpointstrategy.com/strategic-planning-templates/

A Complete Strategy Map Template (Including Examples)

It maintains a solid structure while allowing for a great deal of flexibility, so it can represent virtually any segment you operate in and your unique strategy.

If you’re just getting started with your strategy mapping initiative and are looking for some templates and examples, you’re in the right spot! Within this article, we’re highlighting three strategy map examples—one in the for-profit area, one in the healthcare field, and one for nonprofits—so you can see how different strategies can be well-represented.

More information: https://www.clearpointstrategy.com/complete-strategy-map-template-examples/

Strategic Management Planning Tools

Strategic management planning tools, or simply s_trategic management tools_, include such instruments as a SWOT analysis and a PESTEL analysis. Businesses use strategic management planning tools to determine exactly where their organization is going during the next few years and beyond and how to get there. Sometimes strategic management planning tools are just called strategy tools.

More information: https://smallbusiness.chron.com/strategic-management-planning-tools-55877.html

What is the importance of Strategic Business Management?

Building a sound business strategy is now a requirement, only recently we have seen British brand, House of Fraser, go into administrationbecause of poor strategy and other brands such as Debenhams have reinvented themselves and also improved their digital offering, something House of Fraser have failed to do. Another example is Blackberry, who fell behind to the innovations and forward-thinking of competitors, like Apple.

Increasingly, strategic management has become crucial in the world of business and the ever uncertain environment and fast changing world in which we live and work.

More information: https://www.gisma.com/blog/what-is-the-importance-of-strategic-business-management

High Turnover is Bad For Business – Strategic Planning Can Help

High turnover is expensive – the time and money invested in staff who have left will need to be invested again for the training of new staff, and there is the additional cost of time and money spent on recruitment and hiring. Additionally, organizational culture and productivity can suffer if staff turnover is frequent. From a capital perspective (both financial and human), it is important for organizations to focus on employee retention as a part of their business strategy.

More information: https://www.smestrategy.net/blog/high-turnover-is-bad-for-business-strategic-planning-can-help

How a People First Approach Can Maximize Your Strategy – Interview with Ryan Ouwehand

In this episode of our Strategy and Leadership Podcast, Ryan Ouwehand, joins us to share his tips on motivating teams and leading strategy. With a love of people and a diverse background in sales, marketing, management, and brand strategy, Ryan explains why your people (both employees and clients) and business strategy are so closely linked.

More information: https://www.smestrategy.net/blog/how-a-people-first-approach-can-maximize-your-strategy-interview-with-ryan-ouwehand