Itai Liptz: How to Improve Business Results With a Strategy. Businesses are constantly striving to improve results and get ahead of the competition. While some factors driving business performance, like market forces and economic trends, may remain outside of a company's control, proven avenues exist for bolstering business growth, efficiency and profitability.
Whether you want to increase sales, boost employee productivity or increase the quality of your products and services, Mr Itai Liptz explains, it is important that you have a plan in place. Developing a strategy is one of the best ways to ensure that your goals are met and that you are growing your business.
In order to develop a plan, it is necessary to take a step back and look at your current business practices and what has been working in the past. From there, you can determine which areas need improvement and what areas are successful. A great way to do this is by conducting a SWOT analysis. This will help you identify your strengths, weaknesses, opportunities and threats, and can also be used as a framework for improving business results.
Once you have a list of potential improvements, make sure that the goals are specific, measurable, achievable, relevant (as in they would impact your business) and time-bound, or TBT (to be completed within a set period). You can then start developing strategies to meet those goals, either through a short-term project or a long-term plan.
Some of these strategies include developing a CRM system to streamline lead generation, conducting an efficiency audit to reduce redundant processes, and improving employee engagement. By implementing these strategies, your business will be on the right track to growing and succeeding. However, it is important to remember that not every change will be a success and some changes will actually have a negative impact.
