With the ever-changing landscape of the business world, characterized by economic fluctuations, the entry of digital natives into traditional markets, and the formation of overnight competitors through mergers and acquisitions, it’s crucial to adapt and stay ahead. This is evident from the unfortunate examples of companies like Sears, Toys R Us, Bed Bath & Beyond, Sports Authority, Teavana, Movie Pass, Borders, JC Penny, Pier 1 Imports, A&P, Blockbuster, and Kodak, which have faced significant difficulties.
According to a study by Korn Ferry, 1,760 CEOs across multiple industries believe that if their companies continue on their current path, they will remain economically viable for only “ten years or less.” Additionally, McKinsey reports that only 11% of 1,140 business executives believe their current business models will only be economically viable through 2023.
The salient point is that hoping for the best is not the answer. If you’re considering a new approach to drive growth, gain new efficiencies, elevate the customer experience, reduce costs, and cultivate employee engagement, let my five-step process help you on your journey.
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As you think about the uniqueness of your company and the distinctive value it can provide, consider this quote, “Ask executives whether their company’s offerings are differentiated, and about 80% will say, ‘Yes’. But ask your customers of those companies the same question, and only 10% will agree.” -James Allen, co-founder of Booz Allen
I enjoy helping companies unleash their potential. If you’d like to discuss, please contact me by clicking the email button in the menu.