Accelerate

Website: http://www.sbtdc.org/programs/strategy/

Posts by Accelerate:


A Single Woven Fabric

When you consider the critical practices (i.e., strategy, execution, culture, structure and leadership) that form the essential foundation of a successful business, it is really no wonder that midsize firms are so stable. For these firms, the ongoing execution-gap encountered by many just does not seem to apply.   Why is that? Perhaps it is because,

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Comfortable

It is rare to hear the owner of a midsize business say, “things are comfortable.” That is because everyone has his or her own comfort level. It is also because, by its nature, there is always tension in a business system. The tension can arise from any number of factors: sales, competition, economic conditions, or

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On Target

When you have a good business model and a great strategy, you should win – right? As seasoned investors (i.e., business owners) know, there is one more thing you need and one more thing you need to be able to do. The thing you need is deep understanding of where you can affect value. The

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In The News: Steele Rubber Products

Column: Business resource can be a huge help An article from the Hickory Record by Lindsay Keisler, Catawba County Chamber of Commerce HICKORY – “Your business. Better.” This is the tagline for the Small Business and Technology Development Center (SBTDC), a state and federally funded business resource through the university system in North Carolina. They

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Recharge Performance

Here are four avenues that your organization can travel to recharge performance. Externally, demonstrate to your customers and prospects how your organization adds value. Internally, focus on enhancing processes and systems that ensure value is routinely deliverable. Cut costs in areas that do not support your strategy. Reinvest savings in areas that do support the

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Confucius says… Pivot

What do you think success looks like for your business? I mean real success! Does your definition of success keep changing? If you honestly want to be successful, you need clear goals and everyone around you needs to know what they are, so they can support you. In effect, goal statements pose the question: what

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Gravity

Like an airplane, the first task of a business is to get off the ground rapidly and at steep angle. Once in the air the job is to stay there; however, at this point the steep climbing angle begins to work against the business. As a midsize business, it is harder to grow revenue, hire

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A Recollection and Matthew

Years ago, as part of a keynote address, I heard a prominent business leader make the comment, “in my professional life; my first loyalty is to my industry.” When asked about this comment later, the speaker pointed to many justifications which boiled down to this fact:  when an industry is well thought of, all of its

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N.C. improves ranking in business climate report

The Winston-Salem Journal recently published an article on North Carolina’s business climate which states: “North Carolina’s ranking in an influential tax business climate report improved by four spots to 11th for 2017, the Tax Foundation said Wednesday. The 13th annual report is based on five tax categories: corporate, individual income, property, sales and unemployment insurance. North Carolina’s improvement has

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Forward Looking

Performance management shifts companies away from backward looking once-a-year reviews to a process that is real-time, continuous and focused on helping people meet goals. Focused on continuous improvement, performance management aims to build a workforce committed to personal and organizational growth. In practice, performance management represents a series of interventions designed to keep a workforce

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Translator Needed

Henry Chesbrough famously said, “Most innovations fail. And, companies that don’t innovate die.” In a recent Babson Insight article by Daniel Huber, he makes the case for rethinking what kind of human resources and organizational structures are needed — if innovation is to succeed. Key take aways include: Unintentional terminations of innovation projects occur primarily

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