What is Business Change Management?

Filed under: Business Turnaround Specialists — Tags: , , — webadmin @ 4:14 pm January 27, 2011

In today’s competitive environment, there’s not a single business which can afford to stay still. Change has become crucial to survival.

Business change management is an important skill which ensures that change takes place with the fewest possible adverse effects on an organisation.

Change management is a structured approach for shifting individuals, teams, and organisations from their current state to a desired future state. This organisational process aims to help employees to accept and embrace changes in their working environment.

For the process to take place effectively, various things are required, including effective communications about the reasons for the change, the benefits to be enjoyed, along with, of course, details of the change itself. Employees may resist change, and this resistance needs to be countered. At the same time, implementation should be monitored and fine-tuned where necessary.

With so much involved when an organisation is going through a transitional period of change, it’s not surprising that so many turn to a business turnaround specialists, to make use of their specialist expertise in managing change.

At Stonebeck, we’re business turnaround specialists able to support ambitious managers as they achieve incredible results. We can help translate ambition and good decisions into detailed plans, and see them through to completion.

We can have a huge impact on your corporate performance, and on your profit growth, whatever line of business you are in. Read some customer testimonials, and learn more from our website how we could transform your business.

Writing a Business Growth Plan

Filed under: Business Growth Plan — Tags: , , — webadmin @ 4:06 pm January 10, 2011

Writing a business growth plan is similar to producing a straight business plan, but with the specific focus on expansion, and how that is going to be achieved.

Producing this document requires time and effort, but these are invariably rewarded by the chance to keep your growth efforts firmly on track.

Your growth plan should include a description of expansion opportunities, a break down of quarterly and yearly financial goals, and a marketing plan of how you will achieve the growth you want. There should also be a financial plan outlining what capital you have access to while you are growing. At the same time, it’s a good idea to break down the staffing requirements and responsibilities of your organisation.

If the final document you produce has been created by someone without the right skills or enough time to communicate the business’ vision accurately on paper, the growth plan will not be effective. That’s why many organisations choose to outsource the writing of it to outside experts in business strategy consulting, to transform information into a well-crafted, coherent document.

But, remember, a growth plan is only as good as the ideas, concepts, and numbers you provide – and you, not your consultant, will be pitching the plan to potential investors.

At Stonebeck, we’re a business strategy consulting organisation dedicated to achieving extraordinary results for your business. To find out how we can help your company to grown, log on to our website today and learn more.

What is Business Strategy Consulting?

Business strategy consultants are professionals who implement change within business organisations in order to make them more competitive. They are normally hired when owners of established businesses have already tried to improve their organisational processes but still see no significant improvement in their company’s performance. With in-depth experience of business and people, strategy consultants provide a much needed fresh perspective and help to save a struggling company time, energy, and most importantly, money.

Although each individual company’s situation is unique, there are fundamental principles which can be applied to all business organisations. The methods employed by strategy consultants all stem from answering one single premise; ‘how can this company be more effective?’ By finding suitable long-term answers to that question, strategy consultants can develop a business growth plan which will cut costs, increase revenue, and ultimately, deliver profit. Strategy consultants will typically focus on leadership development, working with individuals and encouraging teamwork in order to improve communication channels, modify established cultures, and transform a negative workplace atmosphere into a more positive one. With all the necessary amendments in place, a company can look forward to a significant acceleration in the achievement of their business objectives. By embracing the strategies offered by business strategy consultants, company owners will see their organisation function to its full potential.

Stonebeck are one of London’s leading business management consultants. With over 20 years’ experience in business strategy consulting, we can develop and deliver a unique and successful business growth plan to suit any organisation.

Managing Change for Employees

From time to time, change is necessary in all companies. Sometimes the need for change is created by exterior forces such as the economy, whereas other times it may just come from a realisation that the company is not as productive as it could be. Of course, there are different ways in which change can implemented throughout an organisation. If change is enforced in a ‘knee-jerk’ manner with no clear long-term strategy, then employees will most likely be fearful, resistant and quite possibly, resentful. Conversely, should change be initiated in a positive manner, with fresh ideas bringing in new opportunities, then employees will be more receptive to trying something new and learning new skills.

One of the most effective methods of establishing positive and long lasting change within a company is to implement a change management plan initiated by a business strategy consulting firm. Business change management plans promote open communication and discussions within all levels of an organisation and so help employees understand exactly why change is necessary. In general, employees are less resistant to change if they themselves have suggested solutions and so will be more likely to move forward if they feel that they are partly responsible for the changes implemented.

With 20 years’ experience in business strategy consulting, we here at Stonebeck can provide the perfect business change management plan for your organisation. As one of London’s leading management consultants, we will be glad to help your business reach its full potential.

What do Business Turnaround Specialists do?

In this tough economic climate, many businesses are starting to look into different ways of operating or even downsizing.  For businesses that are used to working in a certain way, these changes can prove challenging.  Business turnaround specialists have expert knowledge of the troubled situations that businesses can find themselves in, and can evaluate a business’ situation independently.

A business turnaround specialist will start by evaluating whether a business is viable, if there is enough cash to fuel recovery of the business and if the existing business change management are capable of leading a turnaround of the company.  After these questions are addressed, the turnaround specialists can plan what routes the business must take.

Firstly, a turnaround specialist will, as quickly as possible, discover as much as they can about the business, including its past and how it currently works.  This will help them to assess the present circumstances of the company.  They will then prepare a business plan outlining possible courses of action.  Usually, there are a number of scenarios for the business to choose from.  The business growth plan will then be implemented.  The turnaround specialist will monitor the plan from start to finish, either as an interim manager or a consultant to the current management.  They will then be able to make any changes to the business plan as necessary.  Business turnaround specialists will then monitor the business closely until stabilisation is achieved.  This will enable them to quickly deal with any problems that may occur, and ensure they don’t happen again.

How to Develop a Business Growth Plan

When you run a business, it’s important to take some time to plan for growth and business change management.  While it might be simple to let your business tick over at a rate you are comfortable with, it will only start to make real money when it begins to grow.  If your original business plan was well thought-out and highly detailed, then developing your business growth plan should be relatively straight forward, but there are specialists that can help you every step of the way.

When developing your business growth plan, you should start be setting some goals for your business.  These should be very specific yet achievable.  If you aim to attract more customers, you should outline how you are going to achieve this and what type of customer you want to attract.  Write down all your goals along with every step of how you will achieve them.

You should make a detailed sales and marketing plan.  This should detail exactly what you are going to do to attract new customers, clients or potential investors.  Marketing is vital for a business to grow, so a lot of time and effort should be put into planning it.  By doing this, you’ll be able to effectively plan where your sales will come from.

If you will need additional investment for your business to grow, you should include some information regarding this in your business growth plan.  This should include details of your accounts for the past three years, and your aims and objectives for the years to come.

What are Business Turnaround Specialists?

You may well have heard about business turnaround specialists in recent years. Essentially, they work mainly with underperforming or troubled companies, guiding them through a crisis and back on the road to profitability with a business growth plan.

These professionals work across a wide range of industries, and for all sizes of business. They can help to restore credibility, assist with leadership and motivation, and are good negotiators, for example with suppliers. They also have a strong knowledge of sources of funding.

Turnaround specialists differ from general business consultants in that they tend to be more prescriptive in their recommendations. They can help at a time when a business’s managers may be finding it hard to make decisions and prioritise. If the various departments are seemingly off on different tracks, a turnaround specialist can get everyone working together.

Any business distress situation involves two processes: the business and the trouble it is in. Managing the abnormalities of distress is not just time consuming but special skills are needed to deal with it. This is where the turnaround specialist can come into their own with their knowledge and unique experiences.

At Stonebeck we have 20 years’ experience as business turnaround specialists, and can come up with the right business growth plan for your organisation. As one of London’s leading management consultants, we can help put your business where you want it to – whether you are going through a crisis or not. Learn more from our website.

Could You Benefit from Business Change Management?

Change is inevitable, and crucial to any modern business. A strategic change can be anything from a new large scale project like an acquisition, or an entry into another market, to the development of a new technology, project or information system.

Business change management is essential for dealing with colleagues who may be wary about a new way of doing things. That could be either because they are happy with the old ways, because they simply dislike change, and fear the unknown, or because they have their own views on how something could be done better.

It is also important that all the resources are in place to support the programme of change, and that the new approach is co-ordinated and communicated properly at all levels. Those affected need to feel they are being involved, and that their opinions on the process count. They also need to completely understand how the changes will affect them, and what it will mean for their daily working lives. Training is also important to increase motivation, and to reduce resistance to change.

Many organisations turn to business strategy consulting experts to help with business change management. At Stonebeck, we have more than two decades’ experience in industry and of business strategy consulting. Our network of specialists offers a fresh approach to business change management. We can help make change in your organisation appear seamless. See our website for a wealth of information which could help develop your business.

Business Change For The Future

Stonebeck believe that business change management is the key to transforming a business, which is either struggling or underachieving, to realise its potential and often to exceed expectations and ambitions. Our expert business strategy consulting team will work in tandem with your management team in order to create a specific growth plan for your organisation which focuses on a few key objectives which form a foundation for success and excellence.

At Stonebeck, we firmly believe that business change management must always stimulate organisations to develop a perpetual programme of completely integrated strategic and operational initiatives which help to accelerate profit growth. Furthermore, our external consultants will help your management team to design and develop this programme and will work closely together with your professionals at every stage of the programme, from its inception, from planning the concept to developing a strategy and designing a business growth plan to the practical implementation of our jointly developed programme.

Our business strategy consulting is dynamic and creative but is always practical and easily implemented, and helps you to avoid over extension and failure by ensuring that each well planned initiative is firmly woven into the very fabric of your organisation before the next initiative is adopted and integrated. This practical application of expertise thus ensures that your growth and profitability is always sustainable and your organisation is durable and powerful.

Stonebeck’s growth strategies focus on market expertise, insight and foresight, market segmentation, company capabilities, versatility and differentiation from other firms in the field, and detailed and focused economic analysis on profitability and future business direction. At Stonebeck, we offer you a plan for future-proof business growth.

Stonebeck For Superb Strategy

Stonebeck are business turnaround specialists; with each of our business sector specialists having at least twenty years experience in the industry. We support and guide any ambitious and motivated business manager to develop a creative and dynamic business growth plan which ensures that all organisational objectives are targeted at the bottom line of sustainable profitability.

You can rest assured that a Stonebeck business growth plan will constitute an innovative and intelligent plan which exceeds your requirements in terms of growth momentum and management strategy, promotes drive and momentum, and is focused on the development of new opportunities as well as improving the efficiency and reliability of existing areas of expertise. Many organisations claim to be business turnaround specialists but in reality, simply produce reports and strategic plans which may prove impossible to translate into good business practice on the ground. However, Stonebeck has always adopted a ‘hands–on’ approach to all of our clientele which ensures that all of our advice and expertise is acutely focused on real growth which leads to a robust and lucrative business model.

By focusing on excellent techniques such as strategic sourcing and encouraging all client management teams to adopt and develop our unique and powerful ‘twelve steps to management success’, we can help you to transform your company in a relatively short period of time. Business strategy consulting is an invaluable service which will allow your organisation to prioritise corporate objectives and focus on realistic goals which can be used as stepping stones to sustained commercial success. Please take a look at our website and get in touch today, so that you can work with us in order to guarantee rapid business transformation.

Older Posts »