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1. FocusRecognising and choosing the best opportunities |
2. AgilityResponding to opportunity faster than competition |
3. CashFree cash for investing in growth, and tune working capital to reduce cash needed to fund growth ... read more |
Agility: The second of the three elements required for business growth
Agility is the ability to quickly respond to opportunity. It means fast and profitable decision making, and the ability to deliver the decision.
SMEs need to be fast and flexible. It's their key weapon against larger, more efficient competitors. The forces of economic change means that periodically the rules change more quickly than big firms can respond. This is the opportunity for smart, prepared smaller enterprises. But being small doesn't make you agile. It just means you're small.
How are SMEs different?
Most ideas about better decision support come from the world of large companies. SME owners and managers are different.
SME owners and managers prefer practical tools which can be understood widely in their business.
Most ideas about better decision support come from the world of large companies. SME owners and managers are different.
SME owners and managers prefer practical tools which can be understood widely in their business.
Making good decisions quickly
SME business decisions must be made quickly. Good decision support for small and medium sized business is about applying good techniques to simple, relevant information
SME management teams can get much better support without much investment in new systems or people. Your existing finance team and business information is a great resource just waiting to be used more effectively.
Improving SME decision making is the final step in the GrowthPath's FAB program; it can also be offered separately.
