Innovation, Optimization, Capital Key to Sustainable Growth

Business Growth

Don’t take chances with your business growth

The formula for success is certainly not new:

Innovation +Optimization + Capital =Sustainable Growth

It has been stated and practiced by business experts and industry leaders for time and time again. Why then, do companies fall short or struggle?

Some experts think that perhaps they do not understand that the formula. You have all the components defined and quantified for the formula to work. It is not sufficient to work on one variable and hope the others fall in line. They are all part of a complex and interconnected puzzle.

Maybe the real reason the formula fails is that most companies do not clearly understand the magnitude and implications of these variables.  So theye fall short in implementing them one or more of them.

To clarify the each element let’s ask the following questions and see how your business stacks up?

Innovation: 

  • Does leadership encourage questioning of current methods and support exploring potentially better ways of doings things?
  • Do they foster innovation and consider it a competitive advantage?
  • Does the workforce have “think time” or are they too consumed with executing the current processes? “

Innovate or die” is a maxim that is vital, but often is just a plaque on a wall somewhere. We believe that a company must develop and implement active, measurable innovation and creativity processes that involve the entire organization for the company to thrive and be relevant.inflatable water slides

Optimization:  

  • Do you know how much it costs to process a purchase order?
  • Do you really know how much it costs to produce and distribute a product? 
  • Do you actively practice lean and six sigma methodologies? Are the communication chain and technology systems functioning in a smooth and seamless manner?

Our research shows that, in most companies, many processes are sub-optimal at best and there are areas where minimal intervention can result in sizable benefits.

Capital: 

  • Do management and the workforce understand basic economics?
  • What financial parameters does the company set for each member of its workforce? 
  • Has the company optimized AR, AP and current debt obligations?
  • What cash or debt is needed to grow the company?
  • Where can it be gotten and at what cost? 
  • Does the company have succession and exit plans in place?

We have seen that this area is often the least understood and companies often operate literally by the ‘seat of their pants’.

For a company to maximize its potential and be consistently relevant in a global economy it must actively manage all three areas simultaneously. Each of these three aspects must be clearly understood, measured and become an integral part of all strategic business plans and daily operations decisions.

If you would like more information improving your company’s growth, contact a senior consultant with Ember Carriers at (513) 984-9333 for a no cost, no obligation strategy session to discuss your company’s needs.

Web: www.embercarriers.com|Facebook: www.facebook.com/EmberCarriers

Twitter: www.twitter.com/embercarriers|LinkedIn: www.linkedin.com/in/mhladio

 

 

You can leave a response, or trackback from your own site.

9 Responses to “Innovation, Optimization, Capital Key to Sustainable Growth”

  1. Hi there! I just discovered your webpage: Innovation, Optimization, Capital Key to Sustainable Growth | Ember Carriers Blog when I was searching reddit.com. It looks as though someone enjoyed your site so much they decided to bookmark it. I’ll undoubtedly be returning here more often. Kindest regards http://kulturistika-doplnky.cz/

  2. It’s an remarkable article in support of all the online viewers; they will take
    advantage from it I am sure.

  3. Printer Ink says:

    This website is really fantastic.

  4. It¡¦s really a cool and helpful piece of info. I¡¦m satisfied that you just shared this useful information with us. Please keep us up to date like this. Thanks for sharing.

  5. Banco Egas says:

    Buenas noches, buen argumento, buen contexto Gracias de verdad, util 100%

  6. I would like to show thanks to the writer just for bailing me out of this circumstance. As a result of surfing throughout the online world and finding views which were not productive, I thought my entire life was over. Living without the answers to the problems you have fixed through your main blog post is a critical case, and the kind which could have badly affected my entire career if I had not encountered your website. Your primary training and kindness in maneuvering every item was important. I don’t know what I would have done if I hadn’t encountered such a step like this. I can at this time relish my future. Thanks very much for this impressive and results-oriented help. I won’t think twice to refer your web sites to anyone who should receive direction on this matter.

  7. Thanks for sharing your thoughts on meta_keyword. Regards|

  8. stock club Account

    Innovation, Optimization, Capital Key to Sustainable Growth | Ember Carriers Blog

Leave a Reply