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prodline.jpg "Efficiency is doing things right; effectiveness is doing the right things."
- Peter Drucker

 

 

 

To better understand how we may be able to help you achieve your business and personal goals try to honestly and objectively answer the following questions.

  • Leadership

    • What is the vision you have for your company? Do your employees know what it is? Do your vendors? Do your customers?
    • If I randomly stopped one of your employees and asked them to explain your company's strategy, could they? If I stopped three would they all say the same thing?
    • How often do you have company meetings to update employees? Have you had more or less as the economy became more challenging? Why?
    • What do you stand for? What does your company stand for? How do you let your market know what your company stands for?
    • When was the last time you sat face to face with one of your customers? Who requested the meeting and why? How often does this happen?

  • Business Strategy

    • What is your current business strategy? Is it achieving the goals you set for the quarter? For the year? How about over the past three years?
    • When was the last time you reviewed and modified your business strategy based on changing economic, market, or competitive conditions?
    • Can your employees, stakeholder's, and key customer's accurately explain your strategy?
    • Does your strategic plan contain enough detailed information to allow its successful execution?
    • How do you monitor and measure its success?

  • Market Strategy

    • Do you really understand your market? Most markets are constantly evolving due to changing global and economic conditions. Are you keeping up with these?
    • Are there any new developments on the competitive front?
    • Do you have a comprehensive market strategy to successfully launch your next product?
    • Does your market strategy drive maximum profit margins?

  • Product Development/Technology Commercialization

    • Is it a science project or a product?
    • Is there a market? More importantly, is there demand?
    • Can this technology be scaled into production quantities?
    • Can it be reliably manufactured?
    • Can it be priced to achieve acceptable margins?

  • Operations Strategy

    • How will you manufacture and distribute this product?
    • Do you plan to outsource any or all of the manufacturing steps? How do you decide which steps to accomplish internally versus outsourced?
    • What skill sets will you need to develop to manufacture this product?
    • Will the manufacture of this product require specialized assembly or testing equipment?

  • Profitability Improvement/Cost Reduction

    • How do I set achievable profit goals for my company?
    • How can I monitor and maintain profitability during the product development process?
    • What is the relationship between market strategy and profitability?
    • What steps can I take to maintain or improve profitability?

  • Exit Planning and Preparation

    • If you had to sell your company in the next year, could you? What do you think would be the biggest concerns of a potential buyer?
    • How much is your company worth? Is this enough to fund your retirement? What could you do to raise the valuation?
    • If you sold your company this year who would run it when you leave?
    • What type of buyer would you like to see own your company when you leave? What type of buyer would you resist selling to? Why?

Contact: Bill Gately
E-mail:
bill.gately@rockland-group.com