Guident Newsletter – July 2018 – Issue 26
Think of your business as a spider web Are you considering writing a strategic plan for your business? When you do, think of your strategic plan using a spider web model, begin with these key areas in mind; management, production, marketing, human resources, finance, sales, and purchasing. Each of these seven areas acts as anchor points of the spider web. When one of these areas is doing poorly, the others are affected, like pinging one side of a spider web and watching the opposite side vibrate. To demonstrate I explain when sales are low, financials in the form of cash flow are affected. When HR has to lower the staff count due to cash flow issues, then production is affected. When purchasing is out of sync with the rest of the company, then production and financials can be affected. You get the picture. If this seems familiar and is happening to your organization, then changes are in order. Begin your process by evaluating each of these seven areas to determine which area is strong and which area is a weak link within your business. Most often the financials are a weak link and your first target for change. I cannot […]