Deploying siloed tactics does not equate to purpose-driven strategy. This is as true in purpose-driven strategy as any other. While there is potential to deliver social impact this way, it can slip easily into “special projects” that organisations do on the side and the public is savvy in recognising authenticity.
Read MoreIf you export goods and services, you may face hurdles doing business with overseas customers. For example: Cancelling contracts or defaulting on payments, along with day-to-day issues, like managing working capital, securing bank guarantees or funding growth.The New Zealand Export Credit Office (NZECO) provides a range of trade credit insurance and financial guarantees backed by the New Zealand Government to help businesses secure export sales, manage payment risk and access finance via your bank.
Read MoreOver the next 6 to 8 weeks you have to make a decision on whether you are going to give a recognition to some of your customers, before the holiday season.
Read MoreThis year, most businesses have had staff working from home. Some have found that this has worked well for them and may be thinking of adopting or adapting this model either fully or partially on a more permanent basis. You would not be alone if this applies to you. The movement towards working remotely is set to continue.
Read MoreThese traps and mistakes are common to many entrepreneurs and small business owners
Read MoreIf you have not already, now is the time to ensure your team is thinking strategically about recovery. It is easy to get overwhelmed with the response process and the complexities of adapting operations to our new normal. It is, however, vital for long term success to allow time for some strategic thinking.
Read MoreCOVID-19 presents unique opportunity for businesses to reconsider their options when it comes to motor vehicles
Read MoreHow do you articulate who you are, if you’re not the household name in your market place? Well, first thing’s first – you need to know who you are.
Read MoreYou must provide customers with quality products and services otherwise they’ll go elsewhere. To keep ahead of your game, you may have to abandon outdated notions about how your organisation does its work and start afresh. This is the essence of reengineering—a process of improving the old ways of doing business and seeking to create new and better ways. Here’s how to help your business benefit from an effective overhaul.
Read MoreThe first and last thing that I will say about that in this article is this: There are many realistic scenarios that could pan out over the coming months, some much more positive than others, but if you prepare for the worst you will be well-placed to tackle whatever comes your way. Here goes…
Read MoreThere are many reasons why businesses form strategic partnerships, and mutual advantages can be substantial when the right partnership synergy is achieved.
Read MoreThe economy has been battered and bruised by COVID-19, and the pandemic will leave SME businesses feeling like they are battling the hangover that just won’t go away.
Read MoreThe times they are a-changing. Some businesses will be frantically working to get back up and running. Others will be champing at the bit, but still have some time on their hands. Whatever your position, do try to set aside time at some stage to pause and assess how it went. Seize the moment and opportunity to learn from the lessons of the past several weeks and see if they can provide a lasting benefit for your business.
Read MoreIn just a couple of days New Zealand will be returning to normal....or will it? Whilst we can be very grateful to live in a country that has put the health and lives of its people first, the impact has been huge and there are bound to be changes.
Read MoreCovid-19 has brought into focus the importance of understanding your business and its potential. To illustrate a point, consider the following hairdressers…
Read MoreHow often have you felt that you really need a breather; a time to stand back from your business to reassess what you are doing and how you are doing it? This may be your chance.
Read MoreCOVID-19 is here and the situation is likely to get worse before getting better.
Read MoreIt can be tough as a small to medium-sized business owner to grow your business. You’ve got many different pressures on you every day, and wear almost every ‘hat’ in the business; spending time with customers, preparing quotes or proposals, sending out invoices, paying the bills, and of course, managing staff.
Read MoreWhen it comes to the dream of owning one's own business, lifestyle has to be an essential component. Don't ignore it as you look to the future and develop your strategy.
Read MoreThere’s more to strategic planning than arranging for a select few to lock themselves away for a couple of days each year to develop a document they hope will lead their organisation to new levels of profitability. Preliminary deliberations and detailed preparation involving a range of people are required. Among the issues for your consideration during this preparatory phase are the following.
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