Business Strategies

Business Strategies

In today’s business the adage one does not plan to fail; one fails to plan is more IMPORTANT than ever!! Business strategies, business plans, human resource management strategies, marketing strategies, marketing plans… While it may sound like a lot, it is not as complicated as one would like to think.
I read somewhere a gentleman indicated you cannot write a business plan if you have never been a business owner. I have to disagree with this gentleman. A business plan is a strategy on paper. It is a road map. It is a guide. It is a map that details the business trip; your company business trip. While a business plan is the map to a successful business, it is important to also develop a strategy. Porter (2008) asserts the job of a strategist is to understand and cope with competition. As an Entrepreneur, the absence of a strategy can be detrimental to the success of an organization. As a small/medium size business owner, one of the most important roles is growing your business.

Porter (2008) also identifies five forces that shape a business strategy: bargaining power of suppliers, threat of substitute products or services, bargaining power of buyers, threat of new entrants, rivalry amount existing competitors. Assessment of these aspects of one’s environment can position a small/medium sized business to be competitively advantageous in its industry.
Drucker (1985) identifies these Entrepreneurial Strategies:

The Futest with the Mostest strategy focuses on building big businesses and dominating a new market or industry. The Futest with the Mostest strategy is applicable to businesses and institutions.

Creative Imitation – The Creative Imitation is contradictory to “imitation”. In, the creative imitation strategy, the entrepreneur applies their own strategy to another company’s idea. The entrepreneur revises and implements its own innovative ideas, making the product its own. The strategy was utilized successfully by IBM and Proctor & Gamble.

Entrepreneurial Judo is wherein a company exploits the bad habits of a competitor to get ahead. It is a market-driven strategy and also the less risky strategy. The entrepreneurial strategy was utilized by Xerox.
As an entrepreneur one may also research the niche strategy or changing economic characteristics of product or service. I speak of these strategies simply because as Entrepreneurs, we sometimes have to back up and reassess the current business strategy to assure that it is working effectively in growing your business.

We’ll talk strategy again on Friday!

April,
All-4-HR & Business Solutions

Please feel free to contact me at aprilh@halliburtonsupportsu.com to find out more about these and other strategies.

HR Day-to-Day Practices

~HR Day to Day~

Your access to a full outsource service

Alternatively, as internal resources maybe scarce, you may wish to outsource your entire HR Department. We offer a full HR service of the highest standard – one you would be proud to call your own.
This may be a combination of E-HR Essentials, E-HR People, HR Consultancy and the service below or just E-HR Day to Day on its own. Our services are fully customizable to your individual requirements.
In addition we are able to offer on a standalone basis the valuable Employment Tribunal protection insurance policy, covering preparation and legal costs and any compensation payable.

Features:

Your own qualified HR Expert on hand to provide help and guidance

• We provide you with an account manager, who will be on hand to answer any HR related questions from maternity leave requirements to Legal queries.

• They will produce employment related letters and manage change for you as required.

On-boarding

We will:

• Issue the offer letter, contracts of employment and company handbook

• Advise your benefits suppliers (pension, PMI, PHI etc) of the new employee

• Update Staffcare as required

• Check Right to Work documents
Monthly

• Record and report on absences and holidays, advise payroll

• Record and send overtime payments to payroll

• Keep updated the employees staff file with addresses etc, advise payroll

• Manage salary sacrifices, advise payroll

As required:

• Complete the levers processes for employees exiting the business

• Organize Training & Development activities

• Ensure fixed term contracts are terminated appropriately

• Organize the annual employee benefit renewal process

E-HR Essentials, E-HR People and E-HR Consultancy

• Discounted rates apply for Day to Day clients
Benefits to you

o You can rely on us to do what’s necessary, leaving you to do what you do best – running your business.

On demand access to world class advice and consultancy on employee issues
One area that can be a constant challenge is ensuring employees meet the standards. We are able to offer experienced consultants to provide pragmatic and legal advice or to handle for you all of the legal and company processes.

Reducing absence to manageable levels
We are able to introduce a proven processes (often using ‘trigger points’), customized to fit your company, to get the absent employee back to work and train your managers in the skills necessary to handle the difficult conversations required to achieve this (or handle it on your behalf).

Managing the poor performers

No business can afford to carry poor performers. They need to buck up or ship out. We are able to introduce a proven process, customized to fit your company, to get the poor performer back on track and train your managers in the skills necessary to handle the difficult conversations required to achieve this (or handle it on your behalf).

Appraisals

Ensure your employees are focused on working towards your company’s goals, not against it. We have significant experience in the design and implementation of appraisal processes. We can ensure your current process is as effective as possible or start from a clean sheet of paper.

Let's talk
April D. Halliburton
All-4-HR & Business Solutions
formerly HalliburtonSupportsU
aprilh@halliburtonsupportsu.com
visit us on the web: www.halliburtonsupportsu.com

HR Professionals are Change Agents!

HR Professionals take a stand! HR Professionals are Change Agents!

As HR Professionals we have firsthand knowledge and are the first to see trend changes among organizations. As HR Professionals we have to utilize these signs to prepare our organizations for new and upcoming trends that will affect our workforce.

We as HR Professionals see new and inspiring leaders in our organizations. We have the knowledge, experience and insight to lead our companies to new heights with new leaders and new innovations.

HR Professionals are leading the way! What are you doing to lead your organization? How can HalliburtonSupportsU assist you?

Positive Deviance Model

According to Richard Tanner Pascale and Jerry Sternin, there are always positive exceptions to rules concerning business problems. Somehow, a few isolated groups or individuals, operating with the same constraints and resources as everyone else, are functioning better.

In this Model, managers must actively look for those extraordinarily successful groups and individuals, and bring the isolated success strategies of these "positive deviants" into the mainstream. One strength of the Positive Deviance approach is that it facilitates a role reversal in which experts become learners, teachers become students, and leaders become followers.

12Manage-The Executive Track, (Positive Deviance, Pascale and Sternin)
Learn more about the Positive Deviance model Available at:
http://www.12manage.com/methods_pascale_positive_devian

April D. Halliburton
www.halliburtonsupportsu.com