Category: Business Status Assessment

3 Common Pitfalls for Businesses Operating Without a Strategy

There are several reasons why businesses fail. Some fail due to bad management and weak leadership, while some others have failed because of market changes and unfortunate circumstances. However, it is also true that some businesses have failed, simply because they lacked a strategy. In our experience we come across 3 common pitfalls for businesses […]
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Succession Planning in Owner-Managed Businesses

Owner-managed businesses have grown in popularity over the years since technology has facilitated the setup of a business and the delivery of services. Many of these businesses were set up by a person with a vision and possibly with a particular skillset. Throughout the growth of many of these businesses, one sees the organisation grow […]
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Why do you need a Business Strategy?

In business you constantly take decisions on projects, developments, investments, hiring and timelines to name a few. In addition, your business does not operate on its own in a vacuum but in a market in which you have competition. So, in business you need to have a plan on how you are going to win […]
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Should all Managers Manage People?

As human beings, we are all different and all unique. This uniqueness flavours our interactions and our organisations yet it creates its own challenges to organisational setups and structures. One specific challenge presented by this great variety is in actually defining a manager. Various dictionary definitions of Manager exist yet all focus on the fact […]
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Business is a Journey Not a Destination

When we discuss business we find ourselves speaking about plans, objectives, goals, mission, vision and many other attributes that tend to define an end point. Lots of time and energy is spent on defining these, fine tuning them, disseminating them to members of our business and even painting pictures with them on the wall in […]
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The Risk and Reality of Indispensable Staff. A Win-Win Option?

Knowledge employees are hired for some knowledge or skill that they have. Throughout their employment this skill grows through training and experience. In parallel with this growth there is a progression within the company where the employee gains status and respect among peers for this knowledge and skill. This respect sometimes leads to promotion and […]
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Two Aspects of Succession Planning

Succession planning is simply put the planning of who is to replace a leader or key person once that person is gone. In many public and official roles, succession planning is written into the ‘law’ or into core procedure. Royalty have a defined process to appoint a replacement, politics has its own process … In […]
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3 Pitfalls if You Don’t do Succession Planning

Succession Planning is critical for an organisation’s longevity and survival. Having said this there are still many organisations who don’t formally plan for succession. The reasons for this lack of planning could be various yet most involve not appreciating the pitfalls of just not doing it. Three main pitfalls are:   1. Profitability hits When […]
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