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The Everest Principle: 5 steps towards making bold business decisions – FD Works

The Everest Principle: advice on the 5 key steps your established company must take to move towards making bold business decisions.
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To achieve business success, you need to be ambitious: that’s a given. But once you’ve created an established company, how do you move forward? How do you move from the foot of the business mountain to reaching the very pinnacle of the summit?
 
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10 Ways to Finance Your Business

10 Ways to Finance Your Business | Strategy tools and methods | Scoop.it
Financing a business is always a challenge. Here we've compiled 10 techniques, including factoring, from the tried-and-true to the experimental.
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Finding financing in any economic climate can be challenging, whether you're looking for start-up funds, capital to expand or money to hold on through the tough times. But given our current state of affairs, securing funds is as tough as ever. To help you find the money you need, we've compiled a guide on 10 financing techniques and what you should know when pursuing them.
 
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Quintessential Quirks: 5 Startup Ideas to Set Your Business Apart

Quintessential Quirks: 5 Startup Ideas to Set Your Business Apart | Strategy tools and methods | Scoop.it
So you've decided to start a business. Or, perhaps you're looking to improve a business you already own? No matter you professional situation, we've compiled 5
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Deciding to start a business is always exciting, but it is also quite a challenge. You need to have a good idea that could attract customers, and of course to be unique on the market. So here are 5 startup ideas that could help you set your business apart.
 
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The Business Model Canvas Can Get Your Startup Funded

The Business Model Canvas Can Get Your Startup Funded | Strategy tools and methods | Scoop.it

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas, first introduced by Alexander Osterwalder back in 2008. It forces you to bridge the gap between idea and execution. The canvas is a visual chart with elements describing your value proposition, structure, finances, and customers, to help companies identify and align business activities. Now I see in a new book, “Business Models for Teams,” by Tim Clark and Bruce Hazen, an extension of this process to down inside the venture, for teams and individuals. It shows you how everyone works in synergy.

 
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How to Know If Your Tech Startup Is on the Path to Profitability -- or Not

How to Know If Your Tech Startup Is on the Path to Profitability -- or Not | Strategy tools and methods | Scoop.it
There are a few key metrics entrepreneurs can look at to monitor their performance and keep the train from going off the tracks as it chugs ahead.

Via Skip Boykin
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Navigating the Dozens of Different Strategy Options

Navigating the Dozens of Different Strategy Options | Strategy tools and methods | Scoop.it

In this adaptation from the new book, Your Strategy Needs a Strategy (HBR Press, 2015), BCG strategy experts make sense of the all the different, and competing, approaches to strategy: Which strategy is right for your business? When and how should you implement it? The practical tool offered here helps executives answer such questions as: What replaces planning when the annual cycle is obsolete? Where can we — and when should we — shape the game to our advantage? How do we simultaneously implement different strategies across different business units?

Eloquens's insight:

Fascinating insight into choosing the best strategy tools for your business,

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Big & Fast Data: The Rise of Insight-Driven Business | Capgemini

Big & Fast Data: The Rise of Insight-Driven Business | Capgemini | Strategy tools and methods | Scoop.it

 

 Insights at the Point of Action Will Redefine Competitiveness. We live in a fast-moving, complex world of increasingly connected people and connected things that are creating vast new digital footprints. To thrive, organizations need to make sense of this big and fast-moving data, to gain real-time access to powerful insights and deliver them at the point of action. But how are data-driven insights changing businesses? Where are organizations today and where are they going?We surveyed 1,000 C-level executives and senior decision makers in nine regions and nine industries to help us assess where the market is heading. 

Eloquens's insight:

How is big, fast data changing the way your business operates?

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mytourntrip's curator insight, March 31, 2015 5:30 AM

Manali has the twisty Beas River as its eminent centerpiece. http://www.mytourntrip.com/hill-stations-manali

mytourntrip's curator insight, March 31, 2015 5:44 AM
Manali has the twisty Beas River as its eminent centerpiece. http://www.mytourntrip.com/
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Brand Strategy - A Strategic Brand Planning Tool by Woody Bendle

Brand Strategy - A Strategic Brand Planning Tool by Woody Bendle | Strategy tools and methods | Scoop.it

Brand Strategy – A Strategic Brand Planning Tool by Woody Bendle

Mike has published recent pieces on strategy and strategic planning that inspired me to reflect on the process and effectiveness of strategy, especially brand strategy. It fascinates me that strategy and strategic planning are often considered separate and different from brand strategy.  Since many executives don’t understand what a brand is, they don’t realize an organization’s brand should govern and be the basis for corporate strategy and planning.

Strategy and Brands

Strategy should effectively set an organization apart from competitors.  A good strategy (well executed) can make an entity appreciably unique and compellingly relevant to a meaningful proportion of consumers. This is precisely what a good brand does!  So why is brand strategy so often overlooked in corporate strategy or planning?

I believe there are three reasons:

Lack of understandingMisperceptions – Corporate strategy and planning are considered to be for “left-brained numbers people’ and brand strategy (if an organization even does it) is for “right-brained marketingComplexity – Brands are complex, somewhat abstract, and don’t fit neatly into financial spreadsheets

While the concept of a brand can be difficult to get your head around, that complexity shouldn’t suggest branding be ignored. Let’s break down the concept to its component parts, tackling the basic definition first.

 

Eloquens's insight:

Check out this strategic brand management too from Woody Bendle

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HUBMODE's curator insight, November 19, 2013 12:38 PM

Brand DNA is the BEST CRISIS PROOF TOOL!

 

John Norman's curator insight, March 30, 2015 4:47 PM

Makes a lot of  sense when you consider the impacts of dynamic complexity. Surely brand strategy and corporate strategy are closely linked

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Porter's Five Forces | Strategic Management Insight

Porter's Five Forces | Strategic Management Insight | Strategy tools and methods | Scoop.it
What are Porter's Five Forces? Click inside to find the definition, meaning, examples and how to perform one for your company.
Eloquens's insight:

This is a classic strategy tool which everyone should know and understand.

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Data visualization: It’s a strategy, not just a tool

It’s no secret that data is one of today’s most valuable business assets, and with technologies like social login and pixel-based targeting, companies can collect a seemingly infinite amount of it.
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Visualizing data can be a strategy, not just a tool. Learn how to leverage the available technologies to make the most of some of the most valuable business advances of recent times. 

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10 great Office timesavers - Office Blogs

10 great Office timesavers - Office Blogs | Strategy tools and methods | Scoop.it
Eloquens's insight:

How many of these time saving tricks for Office do you know?

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5 Mapping Tools That Strengthen Your Strategy: Making Data Matter | ZeroDivide.org

5 Mapping Tools That Strengthen Your Strategy: Making Data Matter | ZeroDivide.org | Strategy tools and methods | Scoop.it

We live in a world both surrounded and driven by data. The phone or computer screen you are currently reading this blog from was brought to market after significant time spent analyzing logistics alongside research and development data by its manufacturer. Without proper utilization of data, many of these companies would be unable to provide their current services, ultimately lowering quality for consumers.


In essence, the same can be said for nonprofits that are not utilizing data as part of their operations.


Nonprofits face significant challenges as they try to solve today’s pressing societal problems. Most organizations realize that data can potentially help them develop meaningful strategies to maximize their impact. However, based on a survey conducted by the Nonprofit Technology Enterprise Network (NTEN), less than two-thirds were collecting data of clients’ participation in their programs. Respondents most commonly cited lack of expertise, prioritization of time, and lack of proper technology as the greatest barriers to data collection.


We've written a bit about how organizations can use data to increase their impact, but the reality is that many nonprofits are unlikely to employ an army of data scientists committed to improving social welfare. Regardless of your training or background, however, almost anyone can perform data analysis; it just depends on how you plan to make sense of your information.


Data analyses range from summing basic survey responses to developing complicated predictive regression models. Data visualization is one particular form of analysis that can be employed by most people and is a great way to get started in the world of data analytics.


Click headline to read more--
Via Chuck Sherwood, Senior Associate, TeleDimensions, Inc
Eloquens's insight:

5 Great mapping tools to help you maximise geographic analytics.

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The Content Distribution Matrix [#infographic] - Smart Insights Digital Marketing Advice

The Content Distribution Matrix [#infographic] - Smart Insights Digital Marketing Advice | Strategy tools and methods | Scoop.it
Introducing a new tool / infographic to help marketers review and improve the best options for promoting content as part of their Content Marketing Strategy.

Via Pantelis Chiotellis
Eloquens's insight:

This is a handy tool for optimizing your digital content marketing strategy.

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Startup Tips: 15 Steps to Successfully Start a New Business - Red Infographics

Startup Tips: 15 Steps to Successfully Start a New Business - Red Infographics | Strategy tools and methods | Scoop.it
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Being an entrepreneur is an everyday challenge! Being a successful one... even more. Indeed, only 10% of startups succeed. But how do they do? Here is what great leaders have learned and that you could use!
 
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How to Grow Your Marketing Reach with a Bootstrapped Budget

How to Grow Your Marketing Reach with a Bootstrapped Budget | Strategy tools and methods | Scoop.it
Grow your marketing reach without a budget. Finding the right people to spread your brand's message is simple, but there are a few things you should do first.
Eloquens's insight:
Being a small business or a startup, it can get difficult to reach a lot of people and find the right good audience. And this, especially if you don't have a big budget to spend. So, to help you out, here are a few tips to grow your reach with a bootstrapped budget!
 
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Six Tips For Making A More Effective Sales Presentation To Marketers

Six Tips For Making A More Effective Sales Presentation To Marketers | Strategy tools and methods | Scoop.it

Sales presentations are part of nearly every company’s go-to market strategy. I’ve spent about 20 years being pitched to, and it always amazes me how few companies put their best foot forward in the process. I’ve never been a salesperson. What I’d like to do here is take a few minutes revealing the point of view of a marketer buyer to help sellers understand what makes a meeting more productive and a solution more meaningful.

 
Eloquens's insight:
Sales presentations are part of nearly every company’s go-to market strategy. Making good and effective sales presentations to Marketers is essential for any company which needs to grow - and they all do -. So here are great six tips to help you with that task. 
 
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How are Your Financial Modeling Skills?

How are Your Financial Modeling Skills? | Strategy tools and methods | Scoop.it

When I started my CFO and controllership practice in 2001, I was lacking a critical tool–a financial modeling application that I could feel good about. And not the dumbed-down versions that are on the market today. I wanted horsepower. But it didn’t exist yet for the price I was willing to pay. So I used what probably 98 percent of all CFO consultants still use today–the spreadsheet. But around 10 years ago, I graduated and opened the purse strings. I got the horsepower I was searching for.

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How Gamification 'Taps into What Makes Us Human'

How Gamification 'Taps into What Makes Us Human' | Strategy tools and methods | Scoop.it
A new e-book co-authored by Wharton professor Kevin Werbach offers ideas for using game elements to engage customers, employees and others.
Eloquens's insight:

Does gamification offer any insights for your business?

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Defining Strategy, Implementation, and Execution

Defining Strategy, Implementation, and Execution | Strategy tools and methods | Scoop.it
It is striking how much confusion there is between strategy, implementation, and execution.

Via Ron McIntyre
Eloquens's insight:

Make sure you don't confuse strategy with execution. 

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Ron McIntyre's curator insight, April 1, 2015 5:12 PM

Unique point of view on strategy! I can agree totally with it but how many will identify with it. I really like what he addresses in the last paragraph regarding the words used. "Nomenclature is destiny"


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How Levi's Became a Brand With Staying Power

How Levi's Became a Brand With Staying Power | Strategy tools and methods | Scoop.it
With 162 years under its belt, the denim company knows a thing or two about great branding.

Via Pantelis Chiotellis
Eloquens's insight:

We're always interested to understand more what makes some brands last. It's hard to think of a brand which has lasted Longer than Levi's -- here's how they did it!

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Pantelis Chiotellis's curator insight, March 29, 2015 7:32 AM

In our consumer culture of shiny-new-object syndrome, it is increasingly unlikely that a brand will survive—much less thrive—for more than a few seasons. But for 162 years, Levi Strauss & Co. has done just that. The staying power of the Levi’s brand stands out boldly in this era of pop-up stores, Snapchat-style startups and fleeting loyalty.

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Creating the Ultimate Differentiator: Tools for Business Model Strategy & Innovation

Creating the Ultimate Differentiator: Tools for Business Model Strategy & Innovation | Strategy tools and methods | Scoop.it
Business modeling is more than designing a new business model. It’s about defining a strategy for the future, together with your team, using visual tools. Writing a business plan is a waste of time…

Via Stefano Principato
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How can you improve your business modeling?

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Strategy Merry-Go-Round

Strategy Merry-Go-Round | Strategy tools and methods | Scoop.it

Via Don Dea
Eloquens's insight:

This is a fascinating look at the way strategy is cascaded through your business and what can be improved.

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Don Dea's curator insight, February 7, 2015 3:15 AM

New principles that shift the way everyone in an organization thinks about strategy An agile, flexible, and dynamic process custom fit to the needs of an organization A relentless focus on speed (90-day increments; faster process; faster to results) New, innovative “next practices” replacing so-called “best practices” that aren’t Begins with the end in mind and designs strategy to be delivered from the beginning Establishes clear expectations and accountability for achieving breakthrough business results for everyone in the organization from the start Increases the focus on building core strategy management capabilities internally Requires existing leadership, talent, and organization capital programs to be fully integrated and leveraged - See more at: http://www.n2growth.com/blog/get-off-the-strategy-merry-go-round/#sthash.9C9mVwHA.dpuf

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The Boston Matrix - Strategy Tool (BCG matrix, Portfolio analysis, Growth-share matrix)

The Boston Matrix - Strategy Tool (BCG matrix, Portfolio analysis, Growth-share matrix) | Strategy tools and methods | Scoop.it

To make these decisions, you need to look beyond the income that the products are currently bringing in. You need to assess how they're likely to perform in future. The Boston Matrix, also called The Boston Consulting Group (BCG) Matrix, is a simple, visual way to examine the likely financial performance of your product or business portfolio. In this article, we'll look at the Boston Matrix and how to use it. We'll also outline some of its limitations

.

Eloquens's insight:

It's never a bad idea to re-familiarize yourself with one of the classic tools of business strategy, the BCG matrix!

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What Happens to Society When Robots Replace Workers?

What Happens to Society When Robots Replace Workers? | Strategy tools and methods | Scoop.it
Facing the consequences of maximum efficiency.
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When Stephen Hawking speaks people listen. Last week he sugested that robots and artificial intelligence might soon make humans redundant. What are the strategy implications of robotification?

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How To Make A Flowchart In Excel

How To Make A Flowchart In Excel | Strategy tools and methods | Scoop.it

If you often require showing a task or process in the form of a chart, then you would know the importance of flowcharts all too well. In previous posts we showed you How To Make A Flowchart in PowerPoint and also presented a comprehensive guide regarding the ‘Meaning Of Different Flowchart Symbols’. This time we will show you how to create a flowchart in Excel.


Via FPPT
Eloquens's insight:
Neat guide to developing a flow chart in Excel.
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