Vision, aspiration, or ambition – they all mean the same thing: where do you want to be? For the first time in my entire consulting career, a prospect asked me a question no one has ever asked me during initial prospecting. From nowhere, the CEO asked: what is the vision of Summit Consulting Ltd? As Mr. Strategy, understanding and owning our company vision is top of my agenda. One of the reasons companies craft good strategy documents but fail at implementation is the poor communication of the same, where many of the team members lack an understanding of what the…
Are you driving in the rear-view mirror?
If you drive a car or use a taxi, you have seen the driver looking ahead through the main driving screen or looking tilting the head to see what is behind through the side or rear-view mirrors or the overhead mirror. When the driver looks in the rear-view mirror, s/he is trying to take note of what is coming from behind. When the driver looks through the main driving mirror, they are looking ahead of the road – to see where she or he is heading. A great driver knows that both mirrors are critical for a safe drive. To…
The SMART entrepreneur – Sets a vision
Previously, we discussed about starting a business. Today, we explore the qualities of an entrepreneur. Once you have a business idea, you need to set a Vision. Instead of asking: “where do I want to be?” like everyone else; Ask: what is my biggest problem NOW? Is it lack of money or lack of customers or declining business? Then decide on how you will fix the problem either through low costs or differentiation – depending on your business environment. Decide on possibilities available under each option. Then explore the conditions which would have to be true for you to succeed…