Three Questions to Ask to Create a Business of Value
Elf
As we work with our clients on any endeavor, large or small, we always aim to help our clients grow. Growth goals vary by company. For some, the goal is to grow their existing customer base and audience. For others, it is to hone in on the most effective part of their current offering and amplify it, while removing distractions and other aspects that are less useful or relevant.
Sometimes it also involves drilling down to remember why that company exists in the first place so that the people involved can do satisfying work that they excel at and to keep their companies growing for the future. This applies to everyone within the company and thus offers a better fit between employees and work; greater job and employee satisfaction; higher productivity; and higher returns. It also helps in removing unnecessary expenditures and identifying areas that are not the best utilization of resources, whether it is time, capital, human labor or a combination of all of the above.
This approach builds upon the clear strategy and advice offered by Jim Collins in the book, Good To Great. In this book, Jim lays out 3 essentials to help build a business of true value. These 3 essentials are:
- what you can do
- what you love to do
- what customers pay you well to do.
Building a business of value lies at the intersection of these three areas. We've taken this further and adapted it for our clients. Learn more about Our Approach.
In addition to this, we also have three questions or organizing principles that we think can help in creating and updating a business.
Where do you think the world is moving?
What are problems that you can solve?
What are some ideas you have that can be designed for a better future?
