Business Improvement Advice That Truly Works
Let’s start a conversation about business improvement, focusing on:
What Really Works to Experience Success
When seeking to improve your business, efforts should be directed towards the areas of business that have been proven, whether scientifically or through rigorous experience, to produce the greatest chance of sustained business success.
But, with:
- 1,000,000+ business books already published;
- 10,000+ new business books published each year;
- 100,000+ business-related research papers already published;
- 1,000+ new business-related research papers published each year; and
- Who knows how many old and new “high performance” frameworks and “masterclasses” there are out there…
How are you meant to determine, and learn from, What Truly Works?
There are well-known business books, but for the purposes of this discussion we draw your attention to What Really Works authored by W. Joyce, N. Nohria & B. Roberson. It makes a compelling case that businesses should focus their efforts on six of eight research-proven business areas to experience success.
When focusing on these, the “Winner” businesses in What Really Works achieved such extraordinary outcomes as (approximately):
What’s particularly compelling is that the chance of achieving these types of extraordinary outcomes is shown to be better than 90% if a business continuously excels at six of the key areas of business.
Business improvement guided by reputable research and real-world experience.
Given these extraordinary outcomes and the probability of success, we utilise insights gained from What Really Works together with other reputable research and real-world experience to guide business improvement endeavours for clients.
But, you’re probably a small-medium or mid-market business, so…
What Do You Focus On?
A caveat for those working in small-medium or mid-market businesses is that research papers and books, such as What Really Works, draw conclusions primarily based on much larger, often publicly listed companies.
Therefore, it is important to keep this in mind and supplement business improvement thinking with small-medium / mid-market business-related research findings, together with real-world experience.
That’s what we do at Munro’s
Improving your business
At Munro’s, together with superb accounting services, we’re dedicated to helping Australian business owners, managers and leaders…
exploit knowledge like this as one of their key competitive advantages.
Can we promise you extraordinary outcomes like those mentioned above?
Of course not, no one can legitimately make that promise.
But, what we can promise is that together we can help you determine:
- What you need to focus on?
- In what order? and
- How?
We can also go that one, very important step further, to help you:
Actually get it done.
So, should you focus on the six research proven areas?
It depends on the current state of your business and your ambitions.
Most likely you’re a small-medium or mid-market business that firstly needs to focus on some other areas.
To work through this,
the best place to start is an initial improvement sprint.
If you’re interested, then:
EXPLORE THE INITIAL IMPROVEMENT SPRINT
or
Book a Free Meeting with a Business Advisor
Alternatively, read on to find out how your business could exploit evidence-based knowledge to enhance business performance.
