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Business ImprovementBusiness Improvement begins with developing an accurate, in-depth understanding of the firm's present position, and the cumulative effect of it's current strategy and competitive positioning. For a business to improve on its performance, it must have a good understanding of what drives value in its business environment, a good comprehension of it's operating and financial position, an understanding of the risks and uncertainty it faces from changes in the environment and competitive forces from within and outside its industry, its value chain, and its ability to create and sustain profitable competitive advantage. Good planning and performance management is the key to business improvement. Business Plans include short and long term plans and efficient means and methodologies for managing performance with respect to the plan. Business Improvement is most effective when change is manageable within the bounds of finite time horizons. Special circumstances, major upheavals in industry structure and competitive positions, changes in regulation, or the entry of 'killer applications' and/or innovations however, cannot be managed by merely 'improving business'. In conditions of traumatic change and major market uncertainty organisations need to re-invent themselves and need tools and techniques that are specifically focused on capturing the ability of the firm to survive, re-invent itself and create wealth in the long term. The Business Farm specialises in Business Improvement, and in creating wealth under conditions of high growth, high risk, market uncertainty and fierce competition. Contact Allan Rodrigues and Sam Fairhall of The Business Farm in Australia and New Zealand respectively for any assistance. |