Recognize Growth Opportunities
It is essential for every organization to recognize growth
opportunities to ensure long term success. An opportunity is any project or
investment that will create growth. Opportunities, however, can be overlooked
when we do not pay attention to the big picture. Individuals with business
acumen are constantly recognizing opportunities for growth. If recognizing
opportunities does not come easily for you, there are steps to take that will
ensure that you do not overlook growth opportunities.
·
Identify
market trends: Monitor changes in the market such as technological
advancements.
·
Actively
research customer needs: Conduct market research and anticipate customer
needs, which you will fulfill.
·
Pay
attention to competitors: Take advantage of a competitor’s weakness and
learn from their strengths.
·
Monitor
demographic changes: Changes in demographics indicate potential shift in
customer base or needs.
·
Consult
employees: Do not overlook employee ideas; encourage brainstorming.
·
Monitor abilities
of the workforce: Pay attention to employee skills. Offer training or hire
new employees in response to growth opportunities.
For the full 6 hour online course, visit: Networx Business Solutions
40% off discount code: Networx2015
Tina Oliver, M.Ed.
Networx LLC
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