strategy Archives – Page 2 of 2

Business Strategy: What Do You Really Want to Optimize?

By Doug Wagner|2017-06-21T15:53:41-06:00February 21st, 2010|Categories: Business Strategy, Doug's Blog, Leadership|Tags: business, business growth, Business Optimization, Business Performance, business strategy, business success, Clients, Customers, entrepreneur, Entrepreneurship, innovation, Selling Your Business, small business, small business owner, strategy, Working on the Business|

Before you spend resources on improving your business performance, it is best to know where you want to go. This means getting clear on your business strategy.

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Improving Business Performance

There are two main ways of improving business performance:

Optimization – Making things better, best practices, incremental improvements,
Innovation – Doing different things, doing things differently, leaping past the competition.

It is easy to think there is a magic bullet for optimizing your business’s performance. […]

Strategy and Corporate Governance for Small Business

Corporate structure goes something like this:

Shareholders – The owners of the business or enterprise
Board of Directors – The elected representatives of the shareholders whose function is twofold: provide strategic guidance to the corporate officers (management team) and make sure the interests of the shareholders are protected.
Corporate Officer or Management Team – The senior person (and sometimes some of the key subordinates) are be appointed (approved or hired) by the board of directors to carry out the will of the Board of Directors and Shareholders.
Other employees and contractors – Are hired by the management team or their representatives […]