Many businesses, large and small, operate ineffectively. This state leads to a high percentage of businesses that fail within their first 2 – 5 years. Even businesses that have outlasted the failure statistics are not immune to a lack of productivity, inefficiencies and business struggles.
Can You See the Light?
A critical factor which leads to business failure is a failure to establish a sound business strategy. In larger businesses, we often see the corporate strategy, set by the C-Suite executives. This strategy is supposed to be the guiding light for the organization. Look a little deeper and each business unit within the company creates its own strategy — but is this strategy connected to the corporate strategy? Frequently not! [Read more…]