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Bit Of A Yarn

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    • A really useful simple too is a SWOT analysis - Strengths, Weaknesses, Opportunities and Threats.  The first two apply to your business internal environment and the latter two to the external environment in which the business operates.   My preferred method of doing the analysis is to do a TOWS analysis i.e. where you analyse the external environment first.  Then your internal strengths and weaknesses become clearly apparent.
    • It is a tool or methodology used to devise a strategic plan to achieve the desired future state.  I realise that some might see that as corporate speak but I've found these types of tools very useful.  They provide a framework.  Quite frankly any business large or small can benefit from strategic planning - most tend to drift along organically. Future state options are potential strategic paths—such as growth, transformation, or stability—developed to guide an organization from its current operations ("as-is") to a desired future ("to-be"). These options are identified through, for example, this Miro diagram and this YouTube video, using techniques like scenario planning to align, for example, this tourism example from the Ministry of Business, Innovation & Employment to this Spark Business Lab article or to this Medium article about future state definitions. Common options include:  International Institute of Business Analysis (IIBA) +4 Transformational/Disruptive: Radical changes to business models, technology, or market position (e.g., entering new markets, adopting new technology). Incremental/Evolutionary: Gradual improvements to existing processes, products, or services. Operational Optimization: Enhancing efficiency, reducing costs, and refining current capabilities without changing the core model. Stabilization/Maintenance: Holding the current market position while focusing on strengthening internal resilience. Exit/Divestment: Exiting specific markets or product lines to focus resources elsewhere.  International Institute of Business Analysis (IIBA)
    • and you can guarantee the race will be a total bore as well. The $1.30 favorite will lead,go slow,no one will attack, probably the likes of gus will move around and sit parked but apply no pressure,then it will sprint home a 54 last half and the commentator and media will rave on and on about what a great performance and how wonderful it was.
    • Wish they’d offer me something. Listening to a betcha ad the other day where punters are celebrating a losing result like it’s a winner cos they get bonus money back. Celebrating losing that really is ridiculous.
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