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How to Manage your Business

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Business management requires professionalism and I avoid getting into business coaching without understanding, what I call the Corporate Business Machine, Business Plan and Business Execution Process. It is like walking around in a dark room without reference points.

Business Machines
are designed to focus on specific market spaces and to make business and profits happen effectively with minimum resources to maximize results. The design of the Business Machine starts with defining the Corporate Business Sense, which basically is what you want to do in a specific marketplace. IBM calls this the management system level, which requires high level understanding of corporate business management. The Corporate Business Sense is explained further, from the operational perspective, in the Business Plan.

Business Plans starts with defining strategic and operational objectives, action processes and resources needed to reach objectives. Business is all about investing assets to win bigger assets and this is an important focus in the business plan. Business Plan structures can be very different and should be tailored for purpose. Brand and Customer focus (CRM) is an important part of making business and profits happen.

Business Execution & Coaching
requires a combination of knowledge, field experience and skills, which must be supported by a management process and communicated interactively to the whole organization with focus on key players. Business is all about Winning and Winning is all about Business Power, which comes from all parts of the Corporation. Operational Business Coaching is all about supporting people and organizations to Win Business.

Business management is something very personal and there are no universal solutions. This is, however, my schematic definition of Operational business management and Coaching.

Looking forward to further discussions.
Tomas-B. Nathhorst

 

Manage Brand & Customer Assets

Manage Brand and Customer Assets“Dynamic-Tangible Brand-&-Customer Assets” are the major corporate assets, which require “Dynamic Profit Center Management” to cover both static and dynamic business models. Dynamic-Tangible market assets have direct impact on Profit-&-Loss Statements, which should be managed effectively.

Manage Corporate Power Chain

Bottom Promotion“Corp. Business Power Chain” bridges Static-Tangible and Dynamic-Tangible assets and is the kernel motor for creating cash flow and tangible business results. All departments and personnel are “Business Power Chain Contributors” and part of Corp. Performance Management, as explained in “Dynamic Balance Sheet and Profit-&-Loss Statements”.

Manage Business Timing and Change

Manage Business Timing and Change“Business Power Market Timing” and Corp. Change Management are critical in fast moving and ultra competitive global markets, which require “Dynamic Business-&-Profit Forward Management” with high management horizons in order to follow high market/business paces and secure future business.