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SMB-Speak: Getting your Foot in the Door
As we all know, small businesses believe that differentiation is a strategic advantage when competing with large corporations for a customer's business. Talking about differentiation is one thing; demonstrating it is another altogether.
Lesson #3: Build a Company of Owners
“It’s one thing to create a culture that works,” says Dell. “It’s another to use that culture to create a measurable strategic advantage. You need to engender a sense of personal investment in all your employees, which comes down to three things: responsibility, accountability, and shared success.”

Time to Update Your Strategic Plan
Feeling caught in a no win situation? Don't feel bad, no one anticipated the economic trauma we've recently gone through. The economy has changed, people aren't buying, you have opportunity but can't get credit to take advantage of it, and your existing client base is slowly melting away into retirement, bankruptcy or sale. If you’re in react mode, you'll never get ahead of the changes taking place - things are moving too fast. It's time to re-evaluate your opportunities and update your strategic plan.

Can you simply grow out of trouble?
While it is important that revenue growth and margins are given enough attention, they are really the responsibility of the operating management. Also, the operating management must be equally charged with task of ensuring proper cash flows. At the board and CEO level, the focus must clearly be on things such as –markets and sustainability of business logic, market size & growth in market size, quality of its balance sheet, product or services portfolio, brand building, innovation, leadership development, and process culture. CEO and his management team must develop and implement strategies addressing these areas.
How Many of Your Customers Are Profitable?
The provision of value should be a two way street. If providing value to your customers is essential for long-term prosperity, then so is accurately measuring the value you receive in return. This article explains how to calculate the profitability of one’s customers, and offers some thoughts on how to treat the profitable and unprofitable.

Tips To Help People Remember You and Your Name - From Your Strategic Thinking Business Coach
Do you hear people saying they are “terrible with names” or “I simply cannot remember names?” Have you found yourself in a very embarrassing situation where someone wants to introduce you and cannot remember your name? That may be an explanation, but it is not a reason or excuse for people not to commit to being able to remember names. The ability to remember names and call people by their name when communicating with them is a very valuable asset. This skill will provide a strategic advantage in social and business settings. But, yes I remember that some of you have told me that you cannot remember names. So, Your Strategic Thinking Business Coach is offering a list of tips to help people remember your name.

Ten Actions To Take Strategic Advantage Of Business Slowdowns, From Your Strategic Thinking Business Coach
One of the realities of business in today’s world is that there will be times that business slow down for a variety of reasons. The traditional reaction to these slowdowns is to run some major sales, which cut prices to gain more business. I believe that by using some strategic thinking in these slowdowns, you can look at doing things that will build your business in the long term – the things you talk about doing but never do because of not having time to do them. Well, here is an opportunity to take a strategic advantage of the time you have during a slow down in business. Your Strategic Thinking Business Coach offers ten (10) actions so you can gain this strategic advantage.

Other strategic advantage Related Articles

“Six Strategic Things To Remember When Requesting Referrals, According To Your Strategic Thinking Business Coach”
Referrals are important to most if not all businesses today. In a professional services business, such as business coaching, referrals are a major source of new clients. One of the strategic advantages of referrals is that they tend to be good quality prospects. And another strategic advantage is that they also tend to be relatively easy to convert into clients. Okay, so referrals are a major strategic method of gaining new clients. But, guess what? Only a small percentage of business people adopt referrals as a strategic approach to gaining new clients and those that do adopt the strategy will often neglect the needed commitment of time to generate referrals. There are a few strategic things to remember when requesting referrals from any of the above-mentioned sources. They are ...

Ten Tips For Strategically Scheduling Your Time, From Your Strategic Thinking Business Coach
Did you truly schedule your time today in a strategic manner? Will you admit that a great amount of time is wasted in each of our days due to poor (or worse yet) no planning? Do you realize that poor scheduling can result in wasting up to 5 hours per week or 20 hours per month? Am I breaking through to you to gain your attention on making the best use of your time? The efficient use of time gives you a real strategic advantage in your business and personal life. There are many ways to make more efficient use of your time. Your strategic thinking business coach offers the following ten (10) tips for you to be more strategic in scheduling your time.

Strategic Business Greeting Tips From Your Strategic Thinking Business Coach
Do you realize that you only have about 5 seconds to make a positive first impression? And do you understand that the way you approach and greet someone will have a lasting impression on him or her and may set the direction for your future relationship with him or her? Well I hope you answered YES to both questions and are open to some business greeting tips from your strategic thinking business coach. Your strategic thinking business coach offers the following tips on how to gain a strategic advantage when greeting people in a business environment.
Strategic Tips From Your Strategic Thinking Business Coach To Improve Personal Communications
Personal conversations are one of the most common aspects of our human conversations. Personal conversations are an essential facet in almost every one of our relationships. And one might say that the quality of those relationships is dependent upon our abilities to verbally communicate. Have you ever had any training to help you develop your personal conversational skills? Have you ever wished that you could be a better conversationalist? Do you realize that personal communication skills are one of the most powerful and strategic assets you can possess? People with effective communication skills have a real strategic advantage for business and social success. Your strategic thinking business coach has the following strategic tips to improved personal communications.

Ten Actions To Take Strategic Advantage Of Business Slowdowns, From Your Strategic Thinking Business Coach
One of the realities of business in today’s world is that there will be times that business slow down for a variety of reasons. The traditional reaction to these slowdowns is to run some major sales, which cut prices to gain more business. I believe that by using some strategic thinking in these slowdowns, you can look at doing things that will build your business in the long term – the things you talk about doing but never do because of not having time to do them. Well, here is an opportunity to take a strategic advantage of the time you have during a slow down in business. Your Strategic Thinking Business Coach offers ten (10) actions so you can gain this strategic advantage.
The Three Percent Solution - Part 2
In our last article, we looked at strategic actions around your efforts. Today we will look at intelligent and strategic ways to work your business to reduce competitor advantage. This article highlights three strategies that will increase your competitive advantage in your marketplace: developing strong core structure, targeting your advertising, and strategically networking.
A Time To Consider Strategic Alliances
In any economy, strategic alliances can make good economic sense. Strategic alliances can strengthen the depth and/or breadth of an organization’s capabilities, giving it competitive advantage, while often reducing overhead and improving the bottom line. In a challenging economy, such alliances can be a crucial survival strategy. However, a poorly conceived, poorly planned or poorly executed alliance can be a disaster for all involved. This article covers what issues to consider and how to proceed with exploring and executing a strategic alliance.
The Positive Impact of Strategic Thinking and Planning on Your Success
All of the tips in this article can help you to formulate a great strategy. However, there is no guarantee that your brilliant strategic plan will work. I'm sure you have heard the expression, "learn from your mistakes." As we move forward and make progress on our journey, we will have many experiences to learn from. Use them to your advantage. Apply strategic thinking and planning in your life and increase your success.
Today’s Definition of Strategic Planning
A quick Google search for definitions of strategic planning will yield numerous variations. Often these definitions point to the blatant misunderstanding of what strategic planning truly is. At other times the term is flat out misused. In the end, we find that strategic planning lacks a widely accepted definition. It seems everyone in the field of planning has a different view on the exact definition. Yet, the definitions we most embrace, convey in one form or fashion, that the idea of strategic planning is to build and sustain competitive advantage by defining desired outcomes and creating some sort of go-forward plan to achieve those outcomes. This article offers a modern definition of corporate strategic planning.
A Lesson in the History of Strategic Planning
When today’s business leaders think of strategic planning they are likely think of the planned strategic and organizational actions and innovations that will be used to maintain and build competitive advantage. In fact, an entire industry is built around strategic planning services and consulting to support these efforts to build advantage over ones business competitors. But strategic planning wasn’t always thought of this way. So how much do you know about the history of strategic planning?

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