StrategyDriven Enterprises, LLC

StrategyDriven Enterprises, LLC

StrategyDriven is dedicated to providing executives and managers with the planning and execution advice, tools, and practices needed to create greater organizational alignment and accountability for the achievement of superior results.

We help our clients create and execute a clear, forward-looking strategy – translatable to the day-to-day activities of all organization members – that’s critical to their realizing success in today’s fast paced market environment. Not only does a compelling, well executed strategy align individuals to a common purpose, it ensures that purpose best serves the company’s mission.

The StrategyDriven website provides access to a wide array of best practice business planning and execution tools, streamlined process flows, how-to articles, example-rich podcasts, and customizable ready-to-use program management templates. Premium Members receive access to over 200 members-only articles, whitepapers, models, and tools and templates; providing an in-depth look into critical business performance areas; placing specific focus on the alignment of organizational standards, programs, and behaviors to the optimal achievement of mission goals. Sevian Business Program purchasers receive fully implementable business performance improvement processes out-of-the-box, enabling the acceleration of business growth and heightening of operational efficiency needed to significantly improve bottom line results.

Collectively, our products offer business leaders the opportunity to access the knowledge of a highly educated and experienced staff without the associated overhead expense.

At StrategyDriven, our seasoned business leaders deliver real-world strategic business planning and tactical execution best practice advice – a blending of workplace experience with sound research and academic principles – to business leaders who may not otherwise have access to these resources.

Contact StrategyDriven Enterprises, LLC

Phone: (770) 765-3692

Email: [email protected]

Website: https://www.strategydriven.com

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StrategyDriven Innovation Article

Important Lessons You Can Learn from Past Successful Products

In business, success is never a one-time achievement. You want to reach the level of success you aim for and then stay at that level – if not advance further – to remain successful. It is not uncommon for businesses to revise their objectives every few years; some even do it every year.

Maintaining success is often more difficult than becoming successful in the first place. You now have something to lose as the leader of the market. In this article, we are going to look at the important lessons about maintaining success from products that were successful on the market.

Always Listen to the Customers

The moment you stop listening to the customers is the moment you will start failing on the market. Just because you have a successful product, doesn’t mean you can keep customers happy without doing anything. This is a trap that may businesses have fallen for in the past, and one that you should never fall victim to today.

You only need to look at the iPod 6th-Generation review on ArgyllFreePress.com to know what I’m talking about. The iPod was one of the most successful lines of products on the market. The iPod 6 is at the top of that long history, offering incredible performance to people who didn’t need an iPhone.

Unfortunately, there were some important market demands that the iPod didn’t meet. The lack of better DAC and the fact that some apps will not even work on the iPod disappointed some avid fans of the product. Apple failed to listen to its customer base, turning the iPod 6 into a mixed bag of success and failure on the market.

Learn and Innovate

Success is often considered the most dangerous comfort zone of them all. Once you are successful – or see yourself as being successful – you start feeling more and more comfortable about the position. It doesn’t take long before the lure of being in a comfort zone gets to you.

We’ve had so many cases of market giants being defeated because of this issue. Toyota took over the American market from GM. Samsung started winning in Asian markets with new and innovative products. The same occurrences can even be seen in competitions between small businesses and startups.

Be Flexible

There is no sure-fire way to maintain success. You can’t have a strategy and expect it to remain effective on the face of market changes. You can’t be stubborn and stick to the old ways when there is a certain need for change.

Be flexible. Being flexible is one of the most important keys to maintaining success. It goes hand in hand with the need to learn and innovate; the business has to remain agile and you as the entrepreneur need to promote that agility.

The only thing that must never change is the “why”; the main reason why you entered the market in the first place. It is the heart of the business. Stick to your principles, use the tips we covered in this article, and stay successful for longer, even in today’s volatile market.

StrategyDriven Change Management Article

How Digital Process Innovation Can Influence Organisational Change In The Finance Sector

The finance sector as we know it is being transformed by new technology. Digital innovation is everywhere, from Big Data to risk management software, and it’s all coming to change in the way that the sector is organised and run. NEX Optimisation are undergoing an ambitious project to use distributed ledger technology to provide a single source of truth regarding financial transactions. Their services (as well as selected third parties) can then be applied within this environment. This is just one example of how digital processes can be used to streamline regulatory and financial resources, and so we’ve taken a closer look at the impact digital process innovation is having on financial organisations around the world.

Integration

As globalisation continues at a rapid rate, the financial sector is under pressure to keep up with demand. Finance leaders are expected to orchestrate change by closely controlling how their finance systems work alongside other parts of the business. The concept is simple – the finance sector needs to be able to deliver insight and risk analysis around the world, which could see them becoming integrators of information in as little as three years. The strategy, budget, forecast, workforce management plan and capital expenditure plan all need to become more integrated in order for financial organisations to be global business services offering end-to-end solutions.

Demanding More From CFOs

As digital processes innovate and change the way that the finance industry operates, CFOs will be under more pressure to perform. Technology has already made it possible for real-time, event-driven updates to be delivered which is giving CFOs new opportunities. Among these opportunities is the chance for better understanding of the processes and wider finance systems that are currently in place. They will be able to quickly identify areas where there is room for improvement or new ways of working, including making processes more efficient or even outsourcing work where possible.

This increased understanding could see a demand for a new type of finance team emerging. According to industry experts, a broader range of skills is going to be required from finance teams in the near future. Finance employees will need to be able to analyse effectively and communicate their findings with the rest of the business, instead of simply relying on their accounting skills and qualifications. They’ll need to be able to spot reoccurring patterns and problems, as well as coming up with solutions to the problems that arise in this new digital age.

CFOs Must Continue To Innovate

At the moment, innovation within the financial sector is only just beginning. Already it’s shaking the industry and prompting finance leaders to question the structure of their organisations, as well as how to achieve their targets. It’s clear that, within the finance sector, technology is becoming a force for making processes more effective and efficient. CFOs will need to continue to innovate their processes in order to stay ahead of disruption and keep up with the latest technologies, otherwise they risk being left behind. As soon as 2020, innovation could be measured, just like other essential elements of the industry such as marketing and IT. This just goes to show how valuable digital process innovation is considered to be within the financial sector.

StrategyDriven Innovation Article

Staying Ahead Of The Game In Your Business

StrategyDriven Innovation Article
Photo courtesy of Pixabay

Business can be a very fraught environment. There’s a lot of stress and pressure, which makes it hard for people to consider certain parts of their operation. Over time, this can have a serious impact on your business. So, it isn’t worth letting things go. It’s important to make sure that you remember to keep your business on the rise when it comes to the technology and tools that you use. Getting left behind in this area could also see you left behind when it comes to business. To help you out, this post will be going through some of the best ways to make sure that you’re staying ahead of the game.

If you want to stay of ahead of the game when it comes to business; you have to stay ahead of technology. Of course, not a lot of people find this field to be that interesting. But, knowing what’s going on gives you some major resources. For one, it will mean that you know exactly what you need to be buying to get the best deals. It will give you insider knowledge of an industry that your business will almost certainly rely on. And, it can help you to make sure that you always know what’s around the corner. There are loads of resources to help you with something like this. One of the best ways to stay ahead is through a forum, like the LinusTechTips forum. Loads of YouTube channels have their own sites like this, and they can be very helpful.

Next, once you know what you need to buy; you need to know exactly how to use it. Now, depending on your industry, you’ll be getting different types of tech. So, learning how to use it could take some time. This is especially true for anything involved in manufacturing. Whether you work with plastics and use scientific injection molding, or you work with metal and use CNC lathes; a course will be the best option. This will give you the wealth of knowledge that you will need to not only do your job but be confident to fix problems as they come up. You can do the same when it comes to computers, too. You just have to make sure that your training is kept up-to-date to make sure that you’re not missing any new trends.

One of the hardest parts of this process for a business is updating and upgrading the equipment that they use. Thankfully, when it comes to manufacturing; most machines will be able to be used for years. But, computers are a different story. Computers don’t age well at all. So, it’s hard to make sure that you keep them in the best possible working order. One of the best ways to solve this problem is by not buying your computers at all. Instead, you can borrow them from another company. That way, when updates come out; you’ll be able to get your hands on the latest tech, without the expense.

Hopefully, this will give you a good idea of what needs to be done if you want to stay ahead in the world of business and technology. All modern business relies on technology. And, without it; most businesses can’t run. So, it’s important to consider keeping your computers as up-to-date as you possible can.

StrategyDriven Entrepreneurship Article

The External Factors Affecting Your Business

Try as you might, you will never really “own” your business. It is too much part of a bigger network that is too far beyond your control for that. While there might be plenty of directions you want to take your company in, you’ll also be subject to the whims and plans of your fellow humans, who all too often (it can feel like) have plans that are out of sync with your own. Here are just a few of the ways your business can be affected by external factors, to which you only have a passing, observing role.

StrategyDriven Entrepreneurship Article
Photo courtesy of Pexels

Political
A thriving economy relies on there being not too many things rocking the boat. You can see the way the stock market reacts whenever an announcement or decision is made; sometimes it gets a boost, which is its way of saying ‘we approve!’, and sometimes it takes a nosedive, at which point everything gets a bit nervous. With Donald Trump, for instance, no one – including quite possibly Donald Trump – is quite sure which way the economy will go. That one is just for time to figure out, but down the line it could have a knock on effect to your business. A good economy means you’re in the best possible position to succeed. Also, you’ll notice how things can get a bit twitchy whenever there’s political unrest, more commonly when it’s overseas. A destabilised China, for instance, can have effects that spread across the world, such is the way all our economies are interlinked.

Your Business Partners

It’s all good and well keeping your own house in order. It’s all good and well operating at full capacity, with the books in order and things slowly progressing just fine and dandy. But how many other businesses do you rely on for your success? You’re probably more wrapped up in the well-being of other companies than you think. For instance, how does the software you rely on influence your success? You might want to look at a service such as software escrow, which would give you access to the software you depend on should the software company fold. Elsewhere, you could face major difficulties if your suppliers unexpectedly fold. You can’t stop that from happening, but you can make sure you have the contingency plans in place so that you’re able to handle any temporary setbacks relating to stock and so forth. Essentially, it’s important not to be too reliant on any other single company.

Trends

You’re at the top of your game at the moment, right on the cutting edge of what’s new and fresh. You’re part of a movement that is going places! Only, it’ll only be going places up until the time when it’s not. Take a look through history and everything that was once ‘hot’ ended up being pretty ‘not’ in the end. You only need to look at what passed as fashion twenty (or any number) years ago to see that things really do change. Did the people wearing the clothes back then think they’d one day look so lame? Of course not! Did Blockbuster think there would always be a demand for home videos? Probably! Trends come and go. The important thing is to realise that ‘trendy’ doesn’t really mean anything, and that you shouldn’t be relying on it for your success. Always make sure you’re looking to the future, especially if the industry you’re in is prone to change.

External Innovation: Good

Not every external factor is bad, of course. In fact, all the ones listed above can be good if the cards fall nicely enough. This positive change also extends to innovation, which as we all know is essentially what’s making the economy thrive in recent years. And it looks like it’s here to stay. Innovation is creating new markets, new products, new services, new just about everything, and it’s happening all the time. Every year, there are new services that help to streamline businesses and make them less dependent on other factors. You should be keeping your ear out for the developments that will aid your business. Everybody else will, and to not do so you run the risk of falling behind. Make sure you’re reading up on all the best business online blogs and reading your industry magazines; it’ll keep you fresh.

External Innovation: Bad

With that being said, not all innovation will be there to give you a boost. In fact, sometimes it’ll come along and put you right out of business. This has been happening for centuries, with new products popping up that resulted in massive shifts in the economy. We see it today, with Uber versus traditional taxi companies. No matter who you are and how successful your business is, you should always be ready to face oblivion. It’s the way innovation works. If you’re worried about an emerging company or trend, then look at diversifying your business – but do it well in advance. The number of jobs that may be lost – and industries taken of – by robots in the coming decades should be an eyeopener for many business leaders.

Environmental Factors

Sometimes, the factors that affect your business has nothing at all to do with other humans. It’s all about that grand old mother earth, our home. We think we know a lot about the environment, but we don’t – and unfortunately, we’re about to know a whole lot less once climate change really gets underway. A changing climate will affect a lot, from how things are produced (if they’re able to be at all) and how they get around the world. It’ll also bring more extreme weather, so making sure you have business insurance and cloud storage will be essential.

Predicting The Changes
You don’t know what will happen in the world, because no one does. But you can be prepared by keeping on top of global events – not just what’s happening in your industry, but in all the industries that branch out from your own too. We’re all connected in the end!