Growth Strategies

All posts tagged Growth Strategies

A Time of Thanks

Published November 17, 2014 by Mayrbear's Lair

Monday Thx

A heartfelt thank you to everyone participating in Media Magic’s first Giving of Thanks Audiobook Collection Giveaway! We are deeply grateful for your continued support and celebrating this season of appreciation with us.

Anyone can still participate. Simply send an email with GIVEAWAY in the subject line. Then submit your name in the body of the email and send it to us at:

mediamagick@yahoo.com.

Then, at the end of November, we will award ten lucky winners the entire collection of our accelerated learning business life audio book series! Good luck everyone!

Zen Master Hahn

In the meantime, to honor a great teacher that has recently fallen ill, I was inspired to post a few articles this week that I published earlier this year. These posts were influenced by the gentle teachings on mindfulness, from Zen Master Thich Nhat Hanh, because the truth is, that many of his books have been instrumental in providing me tools on how to stay focused, balanced, and cope with stress in this wacky world we live in today. A world that includes food shortages, unemployment, natural disasters, and the shock and horror of war! Is it any wonder that so many of us are on the edge, stressed, and sleep deprived, struggling to manage anxiety and process emotional states of depression?

It seems that conflict, discontent, and corruption are found within every fold in the fabric of life all around us — in our communities, governments, spiritual and academic institutions, the workplace, and of course at home, away from the public’s awareness. The negative input individuals are constantly bombarded with from such conditions, have contributed to a collective consciousness of defensive people ready to engage in battle at the drop of a hat. Many are working diligently to suppress their feelings of deep rooted rage which continues to build as they process the added pressure exerted on them.

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As a result, many feel displaced and confused about their values or what their purpose in life is for that matter. This is one reason a person can lose focus at work leaving them vulnerable to making costly mistakes or engage in altercations with colleagues. Some even become confused over career aspirations while others are trying to discern who is authentic and trustworthy. Individuals that operate from this mindset risk advancing heightened levels of emotions which can eventually escalate into feelings of panic if they are not addressed. From this state of anxiety it is understandable how a person can travel down a corridor of darkness and despair unless they are able to find a way to manage their concerns in a healthy manner.

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In a corporate setting, managers that look away or allow this kind of behavior to go unchecked, not only risk creating more harm in an organizational setting, it may also lead that staff worker into believing they have no one to turn to for help, or worse, there is no one they feel safe enough to seek counsel from. When a sense of hopelessness reaches this level that individual also risks losing faith in their own abilities and intuitive reasoning. This is why many lose motivation to participate at work and eventually begin to feel the same about life in general, risking eventual self-destruction. At this stage the individual risks becoming so imbalanced they are unable to function productively and may even eventually lose their ability to cope or behave in an ethical manner.

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These are some of the outcomes that occur if growth strategies are not implemented.  In a business arena, the best growth strategy is a well-planned one. In fact, there are many studies to support that implementing growth strategies are more likely to yield positive outcomes as well as higher performance levels. Liker (2011) for example, postulates that growth strategies are implemented because they enable improvement considerably and in a shorter period of time. This is achieved by developing a framework that encourages perpetual growth which can help achieve some of the following outcomes: (a) a significant upper hand in operation excellence in a relatively short amount of time; (b) the development of systems that target and eliminate toxic behavior; (c) smoother operations with respect to receiving and delivering messages; and (d) the ability to adapt to changing environments rather than respond from a reactive position (Liker, 2011). In other words, effective growth strategies encourage continuous improvements while eliminating waste.

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In addition, growth strategies can play a role to help individuals establish and reach their desired destination. For example, when an individual plans for a road trip, without the use of a map or a GPS system to guide the traveler to their journey’s end, the navigation process can become more difficult. This is a good way to approach growth strategies – as the road maps that help with expansion to reach desired outcomes. Coulter (2010) suggests that growth strategies can help in the development process because they assist in locating and allocating resources that can transform the individual’s capabilities into distinctive functional competencies that others are unable to easily duplicate (Coulter, 2010). In short, effective growth strategies can help individuals achieve their goals quicker because they consist of focused detailed plans.

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By applying some of the growth strategy principles I discovered in my organizational management research work, which are compiled in my digital publications, I feel better equipped to weather and navigate through various emotional storm systems that emerge because these strategies are based on the scientifically proven principles of positive psychology. This approach has been significant in my own ability to work through moments of darkness as an effective tool to help minimize destructive outcomes, which continued to re-occur when enhanced emotions guided my actions.

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As we all have experienced at one time or another, when emotions are out of balance, it is difficult to perform at optimum levels because we put focus on input that works against our energetic current, rather than feeling gratitude for all that is flowing harmoniously in our world. In other words, by focusing only on what is not working in the world, or in our lives, it feels like we are trying to swim against a strong current rather than sail with it.

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Zen Master Thich Nhat Hanh (2012) stated that once we learn how to manage enhanced emotions we can experience more rewarding relationships. In addition, keeping channels of communication open can also help us cultivate more joyful experiences in our lives (Hanh, 2012). Growth strategies offer us a different way to navigate through and manage challenging events more effectively without fueling the situation even further by focusing on negative thoughts or energy patterns.

That’s it for now! Until next time … stay organized!

2 organizational management business skills publications nov 2014

For more information on Media Magic’s digital publications, or to purchase any of our accelerated learning Business Life titles, please visit our website at:

Media Magic Publishing.

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Hope is important because it can make the present moment less difficult to bear. If we believe that tomorrow will be better, we can bear a hardship today. – Thich Nhat Hanh

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References:

Coulter, M. (2010). Strategic management in action (5th ed.). Upper Saddle River, NJ: Pearson Education, Inc.

Hanh, T. N. (2012). Work: How to find joy and meaning in each hour of the day. Berkeley, CA: Parallax Press

Liker, J. (2011). Design for Operational Excellence. New York, NY: McGraw-Hill.

More Reasons Why Growth Strategies Work

Published May 14, 2014 by Mayrbear's Lair

business growth trust loyalty_full

Growth strategies also consist of the development of systems that will help perpetuate a business as well as help them to establish what their destination is. This is achieved by devising effective methods, systems, and processes designed to help them reach their objectives.

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For example, when an individual plans for a road trip, without the use of a map or a GPS system to guide the traveler to their journey’s end, the navigation process can become more difficult. This is a good way to approach organizational growth strategies – they are the road maps that help steer the company’s expansion to reach their desired goals.

business-competition

Furthermore, Coulter (2010) suggests that growth strategies can help in the development of a company’s sustainable competitive advantage because they can assist in locating and allocating resources that transform the firm’s capabilities into distinctive functional competencies that industry rivals are unable to easily duplicate (Coulter, 2010). In short, effective growth strategies can help companies achieve their goals quicker because they consist of focused detailed plans that help them achieve their goals.

On Friday we’ll wrap up our look at business growth strategies by examining some of the negative repercussions they can have. Until then … keep organized!

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“That’s what I consider true generosity: You give your all, and yet you always feel as if it costs you nothing.” ―Simone de Beauvoir

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References:

Coulter, M. (2010). Strategic management in action (5th ed.). Upper Saddle River, NJ: Pearson Education, Inc.

Why Implement Business Growth Strategies?

Published May 12, 2014 by Mayrbear's Lair

garden_watering

The best growth strategy for an entrepreneurial venture or a small business is a well-planned one. In fact, there are many studies to support that this tactic is more likely to result in positive outcomes and higher performances. Liker (2011) for example, postulates that growth strategies are implemented because they enable companies to improve considerably and in a shorter period of time.

business-model-examples

This can be achieved by developing a framework that encourages perpetual growth which in turn, helps a firm achieve some of the following outcomes:

  1. A significant upper hand in operation excellence in a relatively short amount of time.
  2. The development of programs that target and eliminate waste which also result in cost reductions. 
  3. Smoother operations with respect to receiving and delivering orders. 
  4. The ability to adapt to changing markets and consumer needs easier rather than respond from a reactive position. 
  5. The development of a teachable business model that all employees can learn to understand and implement.
  6. The ability to develop a significant competitive edge (Liker, 2011).

In other words, effective growth strategies enable continuous improvements at a firm while eliminating waste. On Wednesday’s post will take a look at how systems play a role in growth strategies with respect to organizational management.

Until then … let’s continue our work together and stay organized!

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“True stability results when presumed order and presumed disorder are balanced.” — Tom Robbins  

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References:

Liker, J. (2011). Design for Operational Excellence. New York, NY: McGraw-Hill.