3 Strategic Frameworks To Take Your Small Business To The Next Level
You have done something amazing, you have made a business. You have turned what was once an idea into clear and present reality, and you are even making money. You have found a niche, found customers, and ensured that you can make a living with whatever business you are in. But of course, you don’t want to stop there. You want to ensure that your business continues to grow, only getting more and more powerful as time goes on, and if that is what you want to do with your business, then you need to ensure that your business has a plan and strategic frameworks.
Not just a business plan itself, but a plan that will allow your business to grow to the next level. Here are some of the best strategic frameworks that will get your business where it needs to be!
Building Your Growth Around A Tool
Whenever you own a brewery, you might have started out keeping track of the inventory, ingredients, and other data points by hand. However, once you start getting warehouses full of product and truckloads of ingredients delivered to your location, counting by hand is a waste of time at best and an impossibility at worst.
So don’t force yourself to do that, and instead allow the organisational framework at Ollie to do it for you. Ollie is a website that allows you to optimise brewery production workflows online, where all of the data you used to count by hand is calculated online in real time.
Then you can just look at the readouts on the websites instead of needing to make constant trips to the warehouse every single day. That means more time brewing beer!
The Value Disciplines Framework
This framework isn’t a program like Ollie, but rather a way of thinking for your organisation. It boils down to this: Your business is good at something, and therefore it will continue to excel at what it is good at. In the value disciplines Framework, you focus 100% of your time and effort into what your business is good at.
These can include customer intimacy, where your business is very good at connecting to customers and sees them as the backbone of your business, or operational excellence, where your business provides the best products and services at the cheapest prices.
If you want to hit the next level as a business, then this framework will ensure that you are reflecting on what makes your business so great in the first place. By not losing sight of that, you can continue to grow your business in the direction it naturally wants to go.
The Stakeholder Theory
Finally, this theory is about dividing your business up into five groups of people: The employees, the customers, the community, the shareholders, and the society. Then you and your business make decisions based on what will provide the most value to each group. Sometimes these will overlap and other times they might be at odds, and you might never make all five groups happy at the same time, but it is a flexible and easy to understand way to grow your business.
Plus, you can make frequent changes as your business goals and needs continue to change, so it is perfect for a business that is continuing to grow.
Pick A Framework And Stick To It
No matter which framework you end up picking, you need to make sure that your business can stick with it, because that is where the most growth is going to end up happening.
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