Strand-Ridge
  • Home
  • Biz Services
    • Biz Consulting
    • Strategy Workshop
    • Public Speaking
    • Biz Training
  • StrandRidge Academy
    • Sustaining High Growth For Long Term Success
    • Global Productivity Mindset
    • On-Demand Video Archive
  • Biz Exchange Mall
  • Global Trade Promotion
  • Contact
  • About
  • Motivation To Succeed
    • Motivational Videos Archive
  • Events
    • Upcoming Events
    • North East Business Exchange
    • ARCHIVES 1
    • ARCHIVES 7
    • ARCHIVES 8
  • Leadership Insights
  • Strand-Ridge Cafe
  • Consent To Receive E-mails

Operational Leadership

8/9/2016

0 Comments

 
Picture
Cooperate To Increase Competitiveness
Promoting your industry is good business

 
A young entrepreneur decided to locate his web design company in Silicon Valley because this increased opportunities for interaction with peers in the industry.
 
Whenever he and his team of designers were stuck for ideas on a project they would go down to the local café to recharge and recreate playing video games. Invariably they would meet other designers with whom they could “bounce around some ideas”. This often would lead to a creative spark that resulted in an innovative idea for their project.  
Moving with industry peers also enabled the young entrepreneur to build a network of specialist support that could be promoted to the wider pool of clients all these other industry peers shared.
 
Industry peers who collaborate can become more competitive individually by delivering improved quality standards.
 
Industry Knowledge Community
Many cities worldwide are now promoting their versions of Silicon Valley by providing technology companies with incentives to establish an industry knowledge community.
 
Smaller businesses can acquire competitive advantage over large corporations by collaborating and creating spinoff products. Desktop and mobile computing businesses for instance created many new products from inventions developed at laboratories in large corporations and universities.
 
A team of engineers were given laboratory space and funding by a multinational electronics company to work on innovative electronic component designs. If they were successful they would have joint ownership of the design property rights with the company. This would give them royalties in the event of product commercialisation.
 
Industry Trade Promotion
Specific trade organisations too can take the initiative to encourage cooperation amongst members of the industry by providing a platform to share ideas and experiences.
    
Florist worldwide are highly networked. In many British cities you can walk into a florist shop and place an order for delivery of floral arrangements in another part of the world. This is because many small independent shops are a part of a global network of florist shops.
 
Manufacturers too can become part of an online industry trade promotion platform that promotes their services to wholesalers worldwide. Through online trade promotions a community of industry specific small and medium sized producers can reach international markets.
 
Seek out consulting advice on how to establish an industry collaboration platform to promote and market your business.
      
Siddha Param
Consultant, Author, Speaker

Reboot your business plan for sustained high growth

Click For Link To:

BUSINESS SERVICES

CENTRE FOR EXCELLENCE

BUSINESS EXCHANGE MALL CONNECTIONS

Do share this article on social media and with those interested

0 Comments

Business leadership

8/3/2016

0 Comments

 
Picture
The Most Adaptable Sustain Success
Respond to markets with right action

 
Often businesses are built on the opinions, instincts or hunches of a business leader. If they happen to be right the business succeeds. But too many businesses have failed because such an approach did not correspond to the realities of the market.
 
So many technology companies have succeeded to the point that technology platforms are now an integral part of our social reality. But along the way many more technology based businesses have failed. To succeed organizations need competitive leaders who adapt rapidly to market realities.
 
Science teaches us that organisms that are the most adaptable to changes have the greatest chances of survival and success.
 
The human species has an amazing ability to create technology for survival. By taming fire, generating electricity and creating information technology we have survived, thrived and created new opportunities for growth.
 
Business is all about adapting to change. Sustained business success requires an educated reflex action in response to social realities. Timing is everything in business. Don’t sell snow shovels in the summer heat.       
 
A café is a great venue for business meetings. But if you have several meetings in a day how long will your favourite café allow you to stay? If the answer is as long as you are ordering drink refills. Then, how many cups of coffee can you drink in a day?
 
A downtown New York café operating in a prime location sells table space by the half hour. This comes with a complimentary free flow of coffee. In the United Kingdom a business institute right in the heart of London offers a similar deal of a table with complimentary coffee and tea served to members.
 
When the Promenade Business Exchange was launched in March 2014 I explained that this is not a new idea. We are organised based on a tried and tested concept. In the year 1698 business individuals started to meet at Jonathan’s Coffee House on Change Alley, London, England. (Over 300 years ago). That Coffee House meetings evolved into the present day London Stock Exchange.
 
Promenade Business Exchange is now evolving with BizExchangeMall.com providing listing for all Winnipeg businesses. We are expanding to build connections in other cities.
 
Adapting to market changes is the hallmark of all businesses focused on sustainable growth. Ride sharing platform businesses are experiencing the challenges of maintaining quality standards where the platform does not own the fleet of cars. This is an advantage taxi companies have. Already these ride sharing platform businesses are studying the possibility in the future of evolving to make available a fleet of driverless cars that will pick up and drop off passengers.
 
Many cities are studying plans to lower the carbon footprint by building a network of driverless light rail systems. This will make individual owned motor vehicles obsolete for transport around the city centre.
 
To adapt to change we need to re-examine the organisation of our business operation and marketing strategy in the light of new technology. Work with your consultants and team members to find opportunities offered by changes in the market place.
 
Siddha Param
Consultant, Author, Speaker

Reboot your business plan for sustained high growth

Click For Link To:

BUSINESS SERVICES

CENTRE FOR EXCELLENCE

BUSINESS EXCHANGE MALL CONNECTIONS

Do share this article on social media and with those interested

.    
   
   

0 Comments

    Archives

    September 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    June 2017
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014

    STRAND-RIDGE news provides free business knowledge articles.

    Categories

    All
    High Growth Planning

    RSS Feed

Powered by Create your own unique website with customizable templates.