In a constantly evolving world, arguably the only kind of tradition that matters is the tradition of flexibility. Monopolies, specialist expertise and economies of scale aside, sources of net value may be fleeting. But flexibility is there for the long haul. So why not make your business strategy and entity goals about not just buildingContinue Reading Investment Gains from Leveraging Business Flexibility
How fast should your organisation modernise? Four ways to view this are (1) through the eyes of your key customers – ideally modernise faster than their changing needs (2) relative to your competitors (3) relative to peers in your sector who aren’t your competitors and (4) fast enough to stay compliant with the regulator ofContinue Reading Business Modernisation Rate
The media frequently report on extreme weather events battering coastlines and causing flooding, whether storms in the UK, hurricanes in the Caribbean, typhoons in South East Asia or cyclones in the South Pacific. Such events cause huge problems for emergency services teams, insurance companies, government environmental agencies, tourism operators, utility companies, boat-run businesses andContinue Reading Business Flexibility, Resilience and Extreme Weather Threats
McKinsey & Co, World renown strategic consultants, in their article ‘Resilience for sustainable, inclusive growth’, publishing online in June 2022 state that ‘resilience should be seen as the ability to deal with adversity, withstand shocks and continuously adapt and accelerate as disruptions and crises arise over time.’ Meanwhile, sleicest-consulting.org.uk has developed a slightly different definition:Continue Reading Resilience defined
Post Covid, demand for office usage continues to be uncertain. Some ways that businesses, government organisations, education institutions and charities can use flexibility to hedge uncertainty are as follows: Install flexible wall partitions, so meetings rooms become variable in their capacity. Exploit demand for shorter term tenancy leases, including one year leases and one dayContinue Reading Business Facilities and Flexibility
Delivering customer or beneficiary benefits requires 4 ingredients; insight, strategic focus, expertise and business flexibility. Understanding customer or beneficiary needs is the insight. Choosing which of them to meet well involves both strategic focus and expertise. Building up and maintaining business flexibility ensures survival of the organisation in an uncertain world. Perennial business brands typicallyContinue Reading Business and Charity Success
Risk management remains an evolving practice across a wide range of sectors and organisations. Typically, the Board of Directors or Board of Trustees wants the organisation to maintain a risk register – one that catalogues the key risks, assigns risk owners, rates each risk and devises proportionate risk mitigations to manage those risks. Some sectorsContinue Reading Business Flexibility meets Risk Management
Firstly, private sector organisations could usefully reframe their missions from maximizing returns to equity holders, to instead be the reform of something – housing reform, education reform, health reform, transportation reform, transaction reform, distribution reform, FMCG reform, risk reform, entertainment reform etc. A few examples are as follows: The mission for a construction company, buildingContinue Reading Plan and Options Flexibility
Having Flexibility on the outside and the (business) brand at the core makes sense for organisations wanting their clients to experience their own unique version of the brand. Caterers, publishers, movie makers & evangelical religious leaders take this approach. Their clients might say, ‘I don’t know what I want, but I’ll pay good money (andContinue Reading Flexibility and Brands
One method of project and business valuations involves calculating the net present value of a stream of future cash flow estimates. This generates a project or business valuation. Providing this value is higher than the realisable value of the net assets in today’s money, the business is likely to be a going concern. The businessContinue Reading Business Capability and Business Flexibility – how are they related?