Evolution
Would Sainsbury’s and Ford have survived to the present day if they had rested
on their early successes? In 1913, at the peak, there were 216 British Motor Manufacturers.
The inevitable consolidation means that there are now only a handful of car brands
manufactured in the UK with only a very small number British owned.
Q. What separates the survivors from those that fell by the way-side?
A. Constant evolution
What needs to evolve?
- Product
- Price
- Place
- Promotion
- People
- Process
- Technology
- …….
Questions to ask yourself:
Is there anything associated with the way that you do business that is unchanged from this time last year?
Which of the following factors that influence your business have changed in some small (or large!!) way:
- Suppliers
- Customers
- Traditional competitors
- New market entrants
- Better value substitutes
- Legislation
- Staff
- ……….
What do you need to change to counteract or exploit this?
- Have you checked to make sure that you are getting the same or better results from the same amount of effort or money?
- What should you stop doing?
- What should you refine in some small way?
- What new thing will make the difference to your future success?
Not sure what to do next?
Good businesses become great through continuous improvement. Take a good look round our website - it is full of good ideas, tips and articles.
SPS work with business like yours. We work with the owners to provide practical advice and assistance enabling them to build real value in their businesses. We have been involved in the successful launch, development and sale of businesses in a wide variety of business sectors.
SPS work with business like yours. We work with the owners to provide practical advice and assistance enabling them to build real value in their businesses. We have been involved in the successful launch, development and sale of businesses in a wide variety of business sectors.
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