Episode A6.007 Focus on Business Experience (Core Competencies)

RESULTS RADIO..."Let's Grow Together"

Introduction
Hope everyone is looking forward to a great week. We have a few announcements to make about growth of the IBGR Network. 

First, we are doubling the number of new and returning visitors to the site. July was twice June’s numbers and we beat July’s numbers over the weekend.

Second, with the addition of Gambia on Sunday, IBGR is now heard by entrepreneurs in 100 countries. That is 51% of all the countries on the planet. 

Third, we have declared war on Covid19. That is not on the disease itself, just a worse variant of the flu. Our declaration is aimed at those politicians and bureaucrats that are making arbitrary, non-science based decisions on economic activity. People with no skin in the game, collecting checks from our taxes are deciding which business lives or dies. If you do your own research, a stark reality will become apparent - what is happening in your country is not based on science - it is based on power and control.

Check these articles out as reference points:

• Sweden Hits COVID-19 "Triple Whammy": No Lockdowns, Low Deaths & Minimal Economic Damage
• Lockdown Restrictions Are A Test To See How Much Tyranny Americans Will Accept
• THE TRUTH ABOUT COVID19 - DON'T LET THE BUREAUCRATS AND POLITICIANS GIVE YOU A LINE OF BULL.

Put all of this together and we are your advocates against the forces of statism and command economies. We understand entrepreneurs are a different breed that don’t live by the leave of others - why? Because everyone at and associated with the station are entrepreneurs. We are building a network of ideas, insights, and tools that will help you navigate the pandemic and beyond.

JOIN our community and Let’s Grow Together!
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Show Objectives - The Why
This is the final show on the criteria that impacts the decision on what to Reinvent and take the company to the next level. The focus here is simple - the company has built one or several core competences through its first growth cycle. This last of the tests or hurdles examines whether those competencies are part of the future, and if not, why not. Most Reinvention Projects take advantage of the existing competence by recasting it into the future. Only under the most extreme conditions would leave that legacy behind.

Key Issues - Owner/Manager Perspective:

1. What does the company do better than the competition?
2. How do we use that to enhance/improve the Reinvention Offer or Process?
3. Why is it dangerous to abandon the past and create new competence?

What You Need to Know - The What

• Set of Skills unique to a function that makes the company unique (better);
• Set of Skills across functions that makes a company unique (better);
• The basis of new business development and reinvention to create or extend competitive advantage;
• Both Inside and Outside - how the company operates internally and how it operates externally;
• Short-term advantage is winning and retaining customers;
• Long-term is delivering a better offer faster at lower cost;
• One metric is the degree of vertical and horizontal alignment; employees with business objectives, processes with customers.

​What You Need to Do​​ - The How

1. Make how you conduct and use market intelligence a competitive advantage.
2. Make how you create and align the organization around time specific objectives a competitive advantage.
3. Make how you create an align the organization around customer goals a competitive advantage.
4. Make how you attract, select, train & develop, and compensate employees a competitive advantage.
5. Make how you produce the company's offer better, faster at lower internal cost a competitive advantage.

Shows

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