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  • Add You - Business Change, Growth Strategy and Productivity: How Do You Destroy Your Business Creatively?

    Preparation of the Marketing Campaign: Advertising
    Keyword Concepts: factors that influence advertisingAdvertising: Of all the promotional mix elements, advertising is the one with the greatest similarities worldwide. The reason is that most advertising everywhere is based on American practices. The
    ling bits off when you can; and milking the unsaleable parts for income without further investment.

    Minimising people pain

    Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people la

    Public Relations for Losing Sports Teams
    Getting people to come to professional sports games when the team has been losing all season is not easy. It seems like the bad news is only what the media will print. When the headlines turn against a sports team it is time to call in the public-relatio
    Sometimes when I am coaching the owner of a medium-sized company, I will remind them how Jack Welch of General Electric said “If we don’t systematically destroy our own business, our competitors will.”

    The big question

    Once the boss gets over the initial shock, we review each part of the enterprise, asking “If you were not already in this business, would you enter it today, knowing what you do?” Pruning dead wood leads to a stronger business.

    Good investments give good returns

    As you consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might be better on a high interest savings bank account.

    When to walk away

    Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all further investment decisions on a zero base (ignoring investments sunk so far); selling bits off when you can; and milking the unsaleable parts for income without further investment.

    Minimising people pain

    Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people la

    Railroad Conductors: Not Just the Guy in the Caboose
    When you think of a railroad conductor, what is the first thing that comes to mind? Usually, it’s the guy riding in the caboose of a train. Even though the caboose has been left behind, the important job of a conductor hasn’t. The position is alive and wel
    initial shock, we review each part of the enterprise, asking “If you were not already in this business, would you enter it today, knowing what you do?” Pruning dead wood leads to a stronger business.

    Good investments give good returns

    As you consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might be better on a high interest savings bank account.

    When to walk away

    Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all further investment decisions on a zero base (ignoring investments sunk so far); selling bits off when you can; and milking the unsaleable parts for income without further investment.

    Minimising people pain

    Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people la

    Click with Your Audience in a Remote Control Society
    Your audience is more discerning than they were a year ago. So many things are calling for their attention they have to make judgment calls on the matters they can eliminate. At home they're using their remote controls to click off DVDs, VCRs, receivers an
    u consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might be better on a high interest savings bank account.

    When to walk away

    Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all further investment decisions on a zero base (ignoring investments sunk so far); selling bits off when you can; and milking the unsaleable parts for income without further investment.

    Minimising people pain

    Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people la

    Beauty Salon Equipment: An Overview
    Equipment to outfit a hair, nail or tanning salon ranges from basic to extravagant, with a vast array of equipment falling somewhere in the middle. Basic, inexpensive, salon equipment may be well suited for a start-up venture or for a salon owner who valu
    t savings bank account.

    When to walk away

    Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all further investment decisions on a zero base (ignoring investments sunk so far); selling bits off when you can; and milking the unsaleable parts for income without further investment.

    Minimising people pain

    Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people la

    Attracting and Keeping the Right Graduates
    It’s that time of year again – recruiting and starting the graduates. This whole area is one which needs to be considered and reviewed as it is a major commitment for the organisation. Getting it right can help the future of the business – the alternativ
    ling bits off when you can; and milking the unsaleable parts for income without further investment.

    Minimising people pain

    Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people later. If you treat people with care and consideration and talk about your plans, they might suggest ideas for improving the business that you would appreciate.

    Choosing to invest or divest

    If you have several businesses, you could rank them by earning power and market potential. By selling the lower-earning businesses, you increase average returns of your portfolio. You also get a better focus, and your growth trends improve. You need courage to walk away from a business that you have grown yourself but this can help your other businesses to grow faster.

    So my question to you is "How can you destroy your business creatively so that your business grows in the long term?"

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