Archive for the 'Business Strategy' Category

How Resilient Is Your Business?

 

Is your organisation Resilient? Can you and your staff routinely adapt and keep providing “Business as Usual” for your customers even in times of crisis, or when a major unexpected disruption arises.

You can find out how to become more resilient now, just by answering a few questions about your business using this FREE Business Resilience Reporting toolkit.

All of your answers are kept completely confidential.   Your personal, comprehensive report is generated and emailed only to yourself.   You can use this report to help you prioritise and address any critical performance aspects in your own timescales.    It will also help you to identify ideas that may add further value and enhance your business and service offerings.

For any practical and expert help in the areas where you feel you need extra help and experience you can contact June Beddows, your MGBA expert in Resilience and all things Digital

the Trend of Re-Shoring British Manufacturing

I am grateful to Emma Heath of GrowthAccelerator for this powerful evocation of British manufacturing capability. Go to http://bit.ly/1nuwQ7W to read her original blog post.

For many years the low costs associated with manufacturing in the Far East and Eastern Europe have tempted many British manufacturers to move their processes abroad, something that is known as ‘offshoring’. However we are now seeing a trend known as ‘reshoring’ develop, whereby manufacturers are bringing their production back to the UK. Latest statistics from the Manufacturing Advisory Service (MAS) Barometer show that last year 11 per cent of England’s manufacturing SMEs brought production back to the UK, compared to just 4 per cent that offshored.

MAS_reshoring

Many businesses are now realising that whilst the ‘landing’ price of offshoring may appear attractive initially, once factors such as delays in logistics and issues around quality are taken into consideration, an entire layer of hidden costs may become visible. The MAS Barometer revealed that these areas are the main focus for those firms looking to move production, with 26 per cent citing a reduction in cost as their main driver, whilst 20 per cent cited improved quality and 18 per cent shorter lead times. These factors, combined with the increasing labour and shipping costs in developing economies, are leading firms to realise the growing benefits of manufacturing in the UK.

MAS_barometer-one
The benefits can also be seen in the UK’s wider economy, with the possibility of reshoring leading to the creation of more jobs and driving economic growth. For those firms who have brought their manufacturing process back to the UK in the past twelve months, 68 per cent have reported an increase in sales.

Speaking at the World Economic Forum in Davos last week, Prime Minister David Cameron shared his ambition for the UK to become a ‘re-shore’ nation, and announced that the expertise of UK Trade and Investment and MAS would be brought together to create ‘Reshore UK’. The purpose of this new service will be to provide tailored support for businesses that want to capitalise on the opportunities of reshoring, with each company having a dedicated individual to help them.

For more information on how Reshore UK could help your business, contact the Manufacturing Advisory Service on 0845 658 9600

Top tips: How SMEs can grow their business in 2014 | GrowthAccelerator

 

Have a read of the latest blog from GrowthAccelerator

Top tips: How SMEs can grow their business in 2014 | GrowthAccelerator.

GrowthAccelerator Congratulate Their Coaches

Heather Regan, Growth Coach and Mentoring Exec, Grant Thornton has thanked GrowthAccelerator for their hard work in successfully delivering the programme to over 10,000 businesses. “It’s a milestone”, she said.  “And one that wouldn’t have been possible without Growth Coaches delivering business support and being ambassadors for the GrowthAccelerator service”.

“The diversity of GrowthAccelerator businesses is reflected in the diversity of our Growth Coach community and demonstrates you’re championing the service to the industries and sectors in which you work. To see that 92% of clients are satisfied with their Growth Coach is fantastic and is a credit to your expertise, experience and professionalism”.

GrowhtAccelelorator is celebrating it’s 10,000 SME client this month. The programme is available to any business in England that employs fewer than 250 staff and has a credible growth plan.  The programme offer expert busuness analysis, coaching and management development progtrammes through a qualified and experiwnced network of coaches, mentors and trainers.  For more information contact me on martin.parry@mgba.co.uk  or complete the form below

Luke Warm NAO Report on Local Growth

A report has been published by the National Audit Office (NAO) that looks into the funding and structures for local economic growth. The report highlighted that it is not yet possible to evaluate whether Local Enterprise Partnerships (LEPs), Enterprise Zones, City Deals, the Growing Places Fund and the Regional Growth Fund are providing value for money.

This is partly because there is no system in place to measure outcomes or  performance across the different measures introduced to promote local growth.

Furthermore, the NAO criticised the slow pace at which new local growth programmes were introduced, with the first City Deals only agreed in February 2012. As a result, Government spending on local growth and job creation dipped significantly in 2012/13, although it is expected to rise again in 2014/15.

Sc: National Audit Office

Sc: MGBA, UKBA

Growth Accelerator Hits 10,000

The GrowthAccelerator programme of developmental support for SME’s announced, this week, that it now supports 10,000 businesses throughout England.  Businesses supported are of all industrial sectors.  Obviously the GrowthAccelerator team of managers and coaches are delighted with this number but more important is the stat that states that 96% of participating companies are experiencing positive benefits from taking part.

Sc: http://www.growthaccelerator.com/blog/growthaccelerator-reaches-10000-businesses-2/

How GrowthMapper Helps Build Business

GROWTHmapper has been developed to help high growth businesses achieve their ambitions. It consolidates over 20 years’ experience of nurturing successful high growth businesses.Delivered by GrowthAccelerator’s team of trained and accredited Growth Managers GROWTHmapper puts you, the client, into the driving seat for the future. It combines the insights of your management team with our practical knowledge of what makes businesses succeed.

GROWTHmapper is a family of complementary coaching tools covering all the key aspects of establishing and growing a successful business. It gives a clear assessment of the biggest opportunities, and challenges, you face in achieving your high growth potential. GROWTHmapper is being used to assist high growth businesses engaging with the GrowthAccelerator in England.


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