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Managing Growth

In my January Newsletter management insight© I discuss the topic of "Capability" through the lens of the VRIO model. Simply, capability is the means and resources needed and hopefully, available, to meet your organizations needs in order to realize its full growth potential. You need to establish whether your organization understands the fundamentals for enhanced operations and possesses the internal structure necessary to achieve your growth strategy. If not, now is the time to make the necessary adjustments. "Capability" presents your company with several challenges that you will need to measure and overcome. Does your organization have or can it do the following:

A. Ability to acquire capital and operations finances.
B. Understand the process to design, implement and continue a customer-centric approach to sales and marketing your product and services.
C. Understand how to develop and leverag existing core competencies.
D. Understand how to exploit technology solutions.
E. Understand how to re-engineer the organization and internal processes to foster growth.

These items must be addressed in order to unleash the potential of your organizations newfound or untapped, unique "capability".

Other reading
I highly recommend reviewing the first free editions of the newsletter “management insights”. Your free copy is available for you right now by checking out the "News" page.
 

    

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