A business that is well-managed has a competitive advantage. They can move more quickly, make faster decisions, and have a better idea of exactly where they stand at any given time. Taking the time to invest in planning, management, and analysis pays out in the long-term, as you well know if you are interested in increasing the manageability of your business. Below are the best strategies for doing so in 2019.
Make the Most of Advanced Analytics
Every single day your business has hundreds, thousands, or even billions of things going on. Products are sold, ordered, returned. Decisions are made — sometimes more than once or by more than one person. Customers request information, some cases are escalated, and outcomes will ideally be tracked.
All of these things should be analyzed and mined for insights into how your business is doing now and exactly what can be done to make it better. Today there are a variety of solutions out there to help you manage this data and choosing the right one for your business is key to optimal manageability.
Take, for instance, Devo. This program not only makes the most of your data, showing you visually -driven insights, but it does so with 80% fewer resources than much of the competition. For a business trying to stay lean and still compete with the best, this is the kind of solution you should be keeping a watch out for.
Have a Plan and Use It
For new businesses, just having a business’s plan increases their chances of sticking around. For established companies, however, business plans, growth plans, and plans for the worst-case scenarios are often created and then left alone.