What is Opportunity-based Growth?
In a time of great technological and economic change, you don't know where the next surprise is coming from.
Opportunity-based growth is about getting your business ready to make change and uncertainty a force for growth.
Strategy takes a back seat: the opportunity-aware business is characterised by:
- Good knowledge of why it wins business (what customers value)
- Very good insight into the short-term cash costs of saying yes or no to business opportunities
- Excellent awareness of profitability per product
- Fast decisions
- The ability to invest in fast, fairly minor product and service innovations
- A close relationship with supplier, customers and a good awareness of new competitors