Ok, so maybe you have realized that your current business strategy has left you struggling to find growth markets. Your game plan has been to shrink costs, find cheaper manufacturers and outsource back office duties. Margins are hanging in there but revenue growth is still slow, maybe stalled. Are you "on the brink?"
In my book, "On The Brink: A Fresh Lens To Take Your Business To New Heights," I describe seven companies that were literally "on the brink." While they were not failing, neither were they soaring. For each of them, it was time to step out of their stagnant environment and find new markets—to literally see the new opportunities that were all around them.
They needed to find a "Blue Ocean Strategy®." Once they did, they were able to discover new markets full of customers who had big unmet needs and where they could add value in innovative ways.
I have written a series of three blogs about the steps we follow with clients to help them accomplish these two vital strategies: open new market space and find unmet needs. Now it is time for Step 4. You can refer back to the others or keep moving forward. And the way forward is really "all around you."