At Growth Decisions, we are always curious about why most business plans do not deliver. So a recent article on this very topic by Mr. John W. Mullins in the Wall Street Journal caught our attention.
At all times — especially in tough economic markets — it is important for companies to protect, develop and nurture client relationships. With economic downturns, companies across industries and geographies experience reductions in their customer bases which translate to revenue losses and weaker growth.
Competitive intensity and business pace continue to increase across industries. The products that provide most of your company’s revenue today will not necessarily do so tomorrow. Companies that want to succeed need to generate an ongoing supply of fresh, high-potential ideas for growth.
Not long ago, most workers around the world were employed outside their homes. To “work,” they had to leave their homes and “go” to work.