When expanding into new markets, how can small enterprises manage risk?
Entering new markets can be a beneficial strategy for small businesses looking to grow and diversify their customer base, but it also comes with significant risks. From legal and regulatory issues to cultural and competitive differences, small businesses must carefully…
In order to maintain resilience in your profession as a business strategist, how can you build a support system?
Business strategy is a rewarding career that requires continuous learning, creativity, and problem-solving. But it can also be stressful, demanding, and uncertain, especially during times of change and disruption. How do you deal with the pressures and setbacks that come…
How can tiny companies strike a balance between social responsibility and profit?
Small business owners may struggle with how to balance profit and social responsibility. You want to make money, but you also care about the environmental, social, and ethical impact of your company. How can you achieve both without compromising your…
How do you evaluate the operations and performance of your company using a value chain analysis?
A value chain analysis is a tool that helps you identify and evaluate the activities that create value for your customers and stakeholders. By examining how you transform inputs into outputs, you can find ways to improve your efficiency, quality,…
How do you rank investments and strategic business units?
How do you prioritize strategic business units and investments? This is an important question for marketers who want to effectively allocate resources and maximize profits. In this article, you’ll learn about four common marketing strategy frameworks that can help you…
In your business creation process, how do you handle objections and rejection?
Rejections and objections are an inevitable part of the business development process. When contacting potential customers, providing services, or negotiating deals, you may encounter some form of resistance or feedback. How you handle these situations can have a huge impact…
How may concepts be ranked in order of greatest impact when developing a corporate strategy?
Developing a business strategy requires creating and evaluating various concepts that will help you achieve your goals and vision. However, not all concepts are equally valuable or viable, so they must be prioritized based on their impact, direction, and feasibility….
How might your hiring procedure set your small business apart?
As a small business owner, you know how important it is to stand out from your competitors and build a loyal customer base. But did you know that the hiring process can also be a powerful way to differentiate your…
How is the return on investment from coaching small businesses calculated?
define goals Before working with a coach, develop a clear vision of what you want to achieve. What are your specific, measurable, achievable, relevant and time-bound (SMART) goals for your business and yourself? How will you track your progress and…
How do you determine which of your small business’s responsibilities to outsource?
Outsourcing is a smart way for small businesses to save time, money, and energy. But how do you decide which tasks to outsource and which to keep in-house? Here are some tips to help you make the best decisions for…