People Brick:
- Who is leading the business and who are the key people?
- What new capabilities will be required in the team to be successful?
- Where will the team be based?
- What is the best structure?
Market Brick:
- What industries do you operate in? What are the emerging trends? Who is the ideal customer? How will you win new business? What are the gaps in the market?
Products / services Brick:
- What are your core products / services?
- How will they satisfy future market needs?
- What services will you stop offering, in order to improve profitability?
- What is your sustainable competitive advantage?
Passion Brick:
- What is your purpose?
- Does it excite you and your team? If so why? If not, what has to change?
- How will your organisation connect to your community?
Finance Brick:
- How will you create resilience in the business?
- Are you targeting growth? If so, what are your growth targets?
- If you are planning to grow, how will you fund it?
- What level of profitability will you target in the current economic climate?
The Benefits of a Solid Foundation:
- Faster, more effective decision-making
- More likely to achieve KPIs
- Empowered team and improved retention
- Improved ability to respond to change
- Better work-life balance