Taking control of growth -
how to address the challenges of sustainable growth in 2019 was under the spotlight at the latest DNA Innovators workshop series. Using the idea of 'learning in the flow of work' we linked insights about business growth directly to day-to-day challenges of attendees.
With the input from those in attendance, case studies and thought-provoking latest business thinking, we discussed and developed individual one page growth plans by exploring the impact of these questions:
1. Are you too lean to grow? Could you be facing the four components of the 'perfect storm' leading to growth stagnation or is there an opportunity to outperform the competition? The four components were - having a heavy 'lean' focus, suffering from a 'GFC hangover', being burdened by technology overload and only having a low level of change readiness and capability.
2. Are we listening to much to customers? Exploring the recent failure of 'Shoes of Prey', a seemingly successful, entrepreneurial start up that grew quickly but ultimately claimed they 'listened too much' to customers.
3. Are we innovating too quickly? Looking at the idea of 'minimal viable product' are businesses 'pivoting' their strategy too often, leading to change fatigue and
4. Exploring the two biggest barriers to growth - Bain and Co's revelation that 85% of executives claim the biggest barriers to growth lie within their own four walls - bureaucracy and complexity.
It was a highly constructive and productive session for each business. If you would like to discuss your challenges in taking control of your growth opportunities call David Duffy 0427 043 743, firstname.lastname@example.org.
We would like to invite you to join us for some practical 'learning in the flow of work' at the next DNA Innovators on the 26th August 2019, 1pm-5pm at the Charles Sturt University - Dubbo. If you're interested, please contact Business DNA email@example.com or talk to Fiona at the office 0268 845 888.