The surprising thing from reading the news about the misbehaviour of RBS is that a structure where RBS have their own property business was not seen to be a recipe for trouble if not disaster. If you have a business, or a department or a division, they need objectives and targets. You can guess that…
I was reminded of this yesterday by discussions in an all-day meeting planning the future of the organisation. We’re taking a new direction, investing some additional funds and resources to increase and re-shape our marketing so that we can win new business. The meeting yesterday focused on the strategy in the morning, then the tactics…
Many business advisors bandy around the words “strategic” and “tactical” but for me, the only real difference is the timeframe. There will be times when you have to take a decision to solve today’s problem, but it comes back to haunt you at a later date. It’s a bit like buying something you can’t really…
Valuing a business is much more of an art form than a science, simply because value, like beauty is in the eye of the beholder. A business that has immense value to one potential buyer may have very little value, or attraction, to another. Your business manufactures and sells blue widgets. Your competition only has…
One business I advised had succeeded in winning business in the Ukraine, and this was turning into a significant opportunity. The sales team were getting very excited! The finance team were getting worried – payments were erratic, and very slow. The Ukrainian government had imposed currency controls – you could not pay in “hryvnia” outside…