Small Business Challenges in Managing Productivity
Whether your organization is for-profit, not-for-profit or governmental, and regardless of sector (manufacturing, business services, etc.) you need to get work done to deliver your products and/or services to your customers/stakeholders. How do you define and manage productive work? Here's what a sample of small business owners had to say on the subject.
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Organizational Performance -
Getting Beyond the Financials
We often get seduced into thinking that financial metrics are the
only true indicators of organizational performance and effectiveness. Did we meet our budgets? Did we meet or exceed (or miss) our revenue, gross profit, net income or EBITDA numbers? These items, important as they are, are really
measures of outcomes. They indicate that, when all is said and done, here's how we performed against our plan.
However, I like to dig deeper to see what is going on inside organizations that creates the numbers and that's the essence of this essay -
what's said and done IS what drives the performance we measure.
Some questions I like to ask and explore:
How did your organization manage risk this year?
Where did you see any new capabilities develop inside the organization?
How would you rate the quality of the decisions made this past year?
How much of the business that you felt 90% confident in getting did you actually get?
"For a list of all the ways technology has failed to improve the quality of life, please press three."
Alice Kahn, American writer
From My Clients
"TAB was key to helping me turn my business around and getting it where I want it to be."
D. Kapell - Magnetic Poetry
The 7 Stage Business Model
CNBC Business Survey Data
59% of Americans now say Amazon is bad for small businesses (up from 47% a year ago and 37% in 2017), putting it on par with Walmart (61% of Americans say Walmart is bad for small business.)
20% of non-small business owners say they bought something from Amazon during the company's "Prime Day," which took place on July 16-17 this year.
54% of non-small business owners say they are Amazon Prime members.
Source - CNBC/Survey Monkey data, 8/12/19
Kodyne is now affiliated with 7 Stage Advisors
If you are looking to accelerate the growth of your business and are committed to transforming it, the 7 Stage Growth Cycle may be for you. This is a comprehensive, step-by-step process supported by a dedicated team of 7 Stage Consultants to guide you towards becoming the organization you aspire to be.
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