Increase Performance While Containing Costs
Managers must understand the Business Drivers outside and within their company.
Outside Business Drivers
Over the next five years millions of baby boomers will retire. No doubt they will be spending less and possible looking for part time work. The demographics are changing around the world forcing dramatic changes to business models. Read Harry Dents “The Great Depression Ahead.”
A simple assessment of risk may include identifying the risk factors and rating them on their potential impact and likelihood of occurrence. Next, consider the possible scenarios and decide how you would structure your organization to effectively deal with them.
What are the products or services offered today?
What areas are most profitable areas now?
What will remain profitable in the future?
What will your company look like in five years?
Restructure to increase resilience and competitive advantage.
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