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The SME Dilemma In Managing Growth

SME Growth Challenges

Research conducted recently on SME’s looked at three key business activities, with a view to identifying how companies currently spend their time against how they should if they are looking to grow.

The 3 Growth elements were

  1. Strategy – spending time looking at longer term challenges and opportunities
  2. Business Improvement – looking at ways of doing the existing systems and processes better
  3. Day To Day – spending time to actually get items made / services provided
The SME Dilemma In Managing Growth

The ideal time allocation for growth

The chart below shows for the 3 key areas the time that should be spent in order for the company to achieve growth

Potential for Owner managers To Add Value

Percentage Time That Would Ideally Be Spent

Strategy60%
Business Improvement30%
Day to Day10%

 

 

The Typical Time Allocation By An SME

The chart below shows for the 3 key areas the actual amount of time that most SME’s spent on the activities

Potential for Owner managers To Add Value

Percentage Time That Would Ideally Be Spent

Strategy1%
Business Improvement9%
Day to Day90%

 

How much time do you spend on strategic thinking?

Go on be honest think about the time you spend

Potential for You To Add Value

Percentage Of Time You Are Spending On Each Activity

Strategy?
Business Improvement?
Day to Day?

 

Would You Could Benefit From An Improved Strategy

 

The SME Dilemma In Managing Growth

We find that many SME clients benefit from the discipline of having structured strategy sessions to help in the development and growth of their business. Why not click here Andrew Goode now on 01733 361729 and take out 10 minutes to talk about your current strategy for growth. Unless things change it might be the only strategic thinking you do this month. Alternatively click here to see a range of marketing case studies

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