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The Navigator delivers valuable information and tools that point you in the right direction and help you improve your manufacturing business. As always, we welcome your feedback on topics, future articles and more.
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Supercharge Your Strategic Decision Making
Insights from Our Team: John Hunt
Can You Motivate Your Employees?
Success Story: Bob's Red Mill Natural Foods
Featured Event: Ready or Not Tualatin
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Supercharge Your Strategic Decision Making with These Two Financial Reports
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Small manufacturers often find themselves caught up in the daily grind of production, but it is important to step back and take a fresh look at two financial reports: the Profit Loss Statement and the Balance Sheet.
These two reports are a goldmine of information and insight into how your business is really doing – and if you know what to look for, they can supercharge your strategic decision making.
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John Hunt, Principal Consultant
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- Pinpoint your vision and aspirations. They will guide your ensuing decisions.
- Undertake a comprehensive review of your organization's present state, covering products, markets, competition and more.
- Set a tangible, actionable "target condition" with business systems, observable behaviors and quantifiable outcomes.
- Embrace "Asymmetry" in your thinking. Contemplate how you can reverse the dynamics of strengths and weaknesses, considering both yours and your competitors'.
- Integrate aspirations into your business operations. Chart out concrete plans that stress accountability, responsibility and ongoing learning.
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It All Starts with Strategy
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Strategy is often overlooked. Even when it's acknowledged, it's frequently executed poorly in many businesses – a genuine tragedy. For millennia, leaders, generals and enterprises have recognized that the backbone of their success hinges on the quality of their underlying strategies.
To prevail in business, it's imperative to invest the required time and effort to construct a robust strategy: a coherent problem statement accompanied by specific policies and actions. This combination can breathe life into a compelling vision, offering genuine value to your customers.
While it's impossible to capture everything here, I urge you to delve into the recommended readings below.
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Can You Motivate Your Employees?
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Motivation is the desire to act to achieve a goal, behavior or outcome. It’s one of the driving forces behind human actions. However, it’s not simple. Individuals often have many motives for demonstrating a behavior or action.
Read more about the importance of intrinsic motivation...
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How Bob's Red Mill Natural Foods Discovered a New Way of Thinking
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Bob’s Red Mill Natural Foods was founded in 1978 to provide wholesome stone-ground flour and grain to local markets.
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This event is exclusively for companies based in Tualatin, Oregon.
Join us on Tuesday, November 14 for READY OR NOT, a business simulation game that is challenging, insightful and FUN.
Previously only available to large manufacturing companies like Nike, you will experience the strategies, outline the tactics and implement the organizational changes you need to overcome business challenges and unleash profitable growth.
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