Innovation is one of the keys to growing your business and increasing its competitiveness that you can include in your strategic planning process. It can help you to improve your productivity, reduce costs and become more profitable. Because small to mid-sized companies usually aren’t as capable of benefiting from economies of scale to the same extent that big companies can, the ability to innovate becomes even more important.
When developing a strategic plan, a technique we like to use is VMOST: Vision, Mission, Objectives, Strategies and Tactics. A strong strategic plan is developed in this order, starting with the vision. Developing your organization's vision is so much more than jotting down a few quick lines and calling that a vision statement.
In this episode, we are joined by Dave Blanchard, the CEO of the Og Mandino Leadership Institute, who is also an author, speaker and coach.
Wishing you and your team a happy and healthy holiday season, and a prosperous 2019.
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.
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.
