We've had a busy fall at SME Strategy and most recently we've been nominated for two Small Business BC Awards in the categories of: Best Community Impact and Premier's People's Choice. Voting takes place until November 30th. Thank you for your support!
Vous êtes-vous déjà posé la question de ce qu’il adviendra de votre entreprise ou organisation dans 3 ans ? 5 ans ? Le monde dans lequel vous évoluez change rapidement et vous avez peur de rater le coche ? Ou le but même de votre organisation est remis en cause et vous avez aujourd’hui besoin d’un nouveau cap ?
Si oui, la planification stratégique est surement la réponse à votre question : une bonne occasion de dépoussiérer sa stratégie et de donner à votre organisation et à vos troupes une nouvelle ligne directrice.
What is an advisory board, anyway?
The Small Business Encyclopedia from entrepreneur.com defines an advisory board as “A group of individuals who’ve been selected to help advise a business owner regarding any number of business issues, including marketing, sales, financing, expansion and so on; a body that advises the the board of directors and management of a corporation but does not have authority to vote on corporate matters. This can be especially beneficial to smaller companies who don’t want to release control to a board of directors, but still obtain the benefits to having the advice of many experts on hand.
World famous strategy consulting firm McKinsey is opening a new office in Vancouver and despite the fact that’s new competition for us, I believe that’s going to be good for SME’s and large businesses here in Vancouver.
As a business strategy consultant I'm used to seeing mission and vision statements as well as core values as part of strategic plans and on corporate "About us" pages.
Having worked with traditional for-profit businesses as well as non profits and mission based organization I've found that the latter group has less direct measurement of their impact, and as such needs to put a greater emphasis on strategic planning.
On July 23rd we'll be hosting our quarterly business mingler at the Pint in Downtown in Vancouver.
For entrepreneurs whose small businesses are growing into medium sized organizations, they may need to enter into management and leadership roles. The same goes for entrepreneurs entering the work force as management for established organizations. Shifting focus from building upon ideas to becoming leaders will be a crucial part of company success.
Entrepreneurs are fantastic people: I would I know, I am one ;-)
Really though, they knowingly engage in an activity: Starting a business, that is statistically designed to fail.
Undeterred and filled with optimism, they throw caution to the wind and launch their business.
Recently I came across this video interview about how to build a great company where the presenter: Steve Blank, shares that the strategy for a start-up is not a distilled version of a big company's strategic plan.
Whether you're a start up or a company launching a new product, you have a hypothesis that someone wants that you're selling, you need to validate that hypothesis as fast as possible.