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A new millennium of business The business world is changing. The rise of communication technology, increasing customer demand for tailored solutions and a truly global marketplace has created a need for companies to become highly flexible and adaptable. Furthermore the role of the finance function is becoming increasingly important as greater emphasis is being placed on profits, reaching maximum margins and reducing costs. Existing business models remain a viable concept within these evolutionary changes, however the routes to their success through traditional internal processes and structures are becoming redundant. There have been several well-publicised cases of blue chip companies decline over the past few years. These have ultimately been attributed to a failure to recognise and embrace the need for internal change and evolution. An environment of rapid change is now a reality and new processes and a financial orientation have to be embraced to sustain success in existing business models. Managing the change with Swanson & James Swanson & James strongly believe the pre-requisite for continued success in existing business model concepts is through the use of new, innovative internal processes that are conducive to change, integrated with a robust financial orientation. This is because in addition to product specifications, efficient business processes are a source of real competitive advantage. Every product has a limited life cycle, but effective processes allow winning products to be developed time and time again. Similarly, employee turnover and varying skills can cause distortion in task definition, but well designed processes can easily cope with variations in human resources. A robust financial orientation overseeing these processes will allow productivity and development to be monitored accurately, keeping internal operations ahead of the competition. Superior processes offer a tangible advantage in a changing world. As companies continually compete on how they provide services and products, superior processes are a key competitive component that can maximise efficiency and eliminate waste, contributing to overall shareholder value. But for an established company this can sometimes be a difficult concept to realise because of the paradoxical inertia of traditional practice. Swanson & James’ formula to assist clients optimising internal operations is based on the concept of ‘Process Advantage’. To
view a number of the innovative concepts which are used to create |
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