HIDDEN FLAWS IN STRATEGY . PRESENTED AT CENTRAL INDIANA RESOURCE FAIR July 17, 2012 John T Thompson Thompson Distribution/First Electric Supply. Source: McKinsey & Co. STRATEGY BASICS. GROWTH…. …WITH COST CONTROL.
PRESENTED AT CENTRAL INDIANA RESOURCE FAIR
July 17, 2012
John T Thompson
Thompson Distribution/First Electric Supply
Source: McKinsey & Co.
…WITH COST CONTROL
If you are a contractor that can’t afford a buyer, work closely with a supply house to be your complete supply chain.
Form an alliance with an engineering firm to perform invoicing and manage payroll until you can afford to hire staff.
Retain an outside bookkeeping/accounting service to prepare monthly financials.
However, in order to serve your customer, you must be able to perform these services accurately and efficiently.
These back office functions are as important as the construction services.
Once you have mastered the basics, how do you differentiate your business from competitors? To surpass them and win!
I contend that it is exploiting some change in your environment-in technology, consumer tastes, laws, resource prices, or competitive behavior!
Giving of time, talent and treasure should be a part of your strategy from inception.