The ability to innovate and access external innovation is vital for SMEs to stay competitive. And due to the fact that SMEs are generally more nimble and able to pivot better than larger companies, doubling down on innovation can be a real source of creating competitive advantages. In this article I share a few examples […]
7 Surprising, but Effective, Steps to Achieving More Profitable Growth
To become more profitable, you need to either increase your turnover, become more efficient & effective or lower total costs. Even better if you can do all three. And there is an, often overlooked, way Small and Medium Enterprises (SMEs) can achieve all three by simply focusing on improving one specific area of their businesses. […]
4 steps guaranteed to boost profit and prepare your company for growth
How to boost operational efficiency, lower costs, reduce risks and get more value from your suppliers Growing a small or mid-sized company comes with many challenges. One of the top challenges is to get key processes into good shape. That’s because you don’t want process inefficiencies to magnify as the business scales. Worst case, that […]
Has Procurement REALLY Evolved Beyond Saving Money?
What is the purpose of Procurement? The old school purpose of procurement was to save and cut costs. But we are now in 2020, and for at least the past two decades, there has been much talk about the need for Procurement to re-evaluate its purpose and work with business leaders to develop category plans […]
Are Business Ecosystems the Growth Model for the Future?
Business ecosystems have become “the topic on almost every corporate board’s agenda”, according to the World Economic Forum. They are both the present and the exciting future. But what exactly are business ecosystems and why have they grown in such prominence today? What is a business ecosystem? Investopedia defines a business ecosystem as a “network […]
