Every strategic move & decision can have a big impact on future success. Making well informed, vetted & analyzed assessments is how businesses morph into companies. SMG utilized many of the top analytical & business tools to ensure our clients are making informed decisions & reducing risks of failure.
Success from failure can be almost as impactful as success itself. With over 30 years of experience, we have seen our fair share of what doesn't work and apply that knowledge to help ensure mistakes aren't repeated.
The pathway to success can have many twist and turns, which leads many companies down roads they don't recognize. SMG has helped dozens of companies navigate these roads making them far less treacherous.
Making well informed and calculated decisions is important in any business. SMG helps ensure the company has a clear financial assessment and well vetted process to increase the chances of future success.
Six Sigma is a methodology used to improve business processes by utilizing statistical analysis rather than guesswork. Processes are improved by controlling variation and understanding the intricacies within them. This results in more predictable and profitable business processes. Six Sigma is more than “training”; it is an approach based on data and geared toward projects with quantifiable business outcomes. This proven approach has been implemented within a wide range of industries to achieve both hard and soft money savings, while increasing customer satisfaction.
We like to start every project assessing the Strengths, Weaknesses, Opportunities and Threats. Every company should go through this exercise, but for us, this helps guide us on where we could have the most impact.
Often times companies find themselves putting band-aids, or turning a blind eye, to issues or problems without addressing the root cause. For example, 1 out of every 10 has a defect. Instead of accepting the defect an analysis needs to be done to identify the cease and corrective measures.
Measuring what you can control to what you can't is an important assessment for any business. For example, what is the impact to profits if we raised prices $2.00 and reduced costs by 10%? What is the impact to gross revenue by adding two new sales people.
Managing to a budget and use-of-cash is imperative for any company, especially ones dealing with limited resources. Assessing where money is being spent, eliminating waste, prioritization and maximizing buy contracts area crucial to keep the company moving forward and with enough money to do so.
It all starts with collaboration. Getting input from all the related stakeholders and applying it to the decision mapping ensures for greater success. Decisions should not be make in a vacuum.
Making strategic decisions should follow a well defined script. This eliminates time waste and un-necessary reputation (backtracking) and ensures all critical steps are taken in a prescribed order.
CQI is critical for any organization but especially new ones. Small, incremental improvements throughout the business cycle can mean big dollars down the road.
The key to any project is to stay organized, on track and on-time. Project mapping, i.e. Gannt charts ensure all parties are on the same page and are held accountable.
Understanding your products potion in the market is crucial to marketing, needed improvements, pricing, etc. Companies need to understand how the customer perceives value in your product.
Identifying areas to improve margin and reduce waste is critical to maximizing returns and managing cashflow.
Every step on the way to future success should be based on a well vetted plan. Plans should be:
Decision making processes help ensure there are fewer mistakes, which can save time, money and increase speed-t
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