Mark Stelzner’s Post

The only constants in today’s business environment are uncertainty and disruption. Why do some organisations pivot better than others? Simple: they’re data-driven. Find out four strategies that give these businesses agility and flexibility. #BlundensBI 

Lifespan of Companies, according to Research, has been Decreasing over the years, with some estimates suggesting it to be around 15 years or less. However, it's essential to note that this average can be influenced by various Factors and might not accurately represent the Lifespan of all Companies. To improve a Company's Growth and Prolong its Lifespan, here are some strategies to consider: 1. Innovation/Adaptability: Companies need to continuously innovate and adapt to changing market conditions, consumer preferences, and technological advancements. This could involve developing new products or services, embracing emerging technologies, or entering new markets. 2. Customer Focus: Prioritize understanding and meeting the needs of customers. Building strong customer relationships, obtaining feedback, and providing excellent customer service can help in retaining customers and sustaining long-term growth. 3. Leadership & Governance: Effective leadership and governance are crucial for guiding the company through challenges, making strategic decisions, and ensuring transparency and accountability. 4. Investment in Talent: Recruiting and retaining top talent is essential for driving innovation, maintaining quality, and sustaining growth. Investing in employee training and development can also contribute to the company's long-term success. 5. Financial Management: Sound financial management practices, including prudent budgeting, cash flow management, and strategic investments, are vital for ensuring the company's financial health and stability. 6. Risk Management: Identify potential risks and implement measures to mitigate them. This could include diversifying revenue streams, maintaining a strong balance sheet, and having contingency plans in place. 7. Corporate Culture: Foster a positive and inclusive corporate culture that values teamwork, creativity, and integrity. A strong culture can attract and retain talent, enhance employee morale, and drive organizational performance. 8. Adoption of Technology: Embrace technology to streamline operations, enhance productivity, and stay competitive in the digital age. This could involve implementing automation, data analytics, and digital marketing strategies. 9. Strategic Alliances/Partnerships: Collaborating with other companies, suppliers, or industry partners can provide access to new markets, technologies, and resources, thereby facilitating growth and expansion. 10. Focus on Sustainability: Incorporate sustainable practices into business operations to minimize environmental impact, reduce costs, and enhance brand reputation in an increasingly environmentally conscious market. #linkedinbusinesscommunity #companygrowth #companylifespan #digitalinnovation #strategicplanning #itandsoftware #leadershipdevelopment #policymaking #talentacquisitionspecialist #employeeengagement #managementtraining #traininganddevelopment #businessdevelopment #itcareers #hr #industrialorganizationalpsychology

In my latest article for @ForbesTechCncl, I explore how traditional industries can leverage technology to meet Gen Z’s expectations and foster a culture of continuous improvement:

In my latest article for @ForbesTechCncl, I explore how traditional industries can leverage technology to meet Gen Z’s expectations and foster a culture of continuous improvement:

With digital transformation on the rise, the only constant in today’s business environment is disruption. Why do some organizations pivot better than others? Simple: they’re data-driven. This article explores four strategies that give these businesses agility, and reminds us of the enduring importance of our people and the data systems they must use to cut operational costs and make decisions. At Cenozon, we connect with those aiming to not just get the job done, but to drive their digital transformation with enhanced software solutions. #DigitalTransformation

The financial impact of #experience is not only underestimated, many organizations overlook hundreds of millions of dollars of potential savings to align experiences across stakeholders. These "above the line" revenue opportunities and "below the line" cost savings combine to create your "Return on Experience" (ROE). Alignment of experiences across customers, employees, and management not only optimize spend on #experiencedesign, but reduces employee costs, operational waste, and administrative overhead. #roe #experiencestrategy #costoptimization

Here are three powerful ways that improved operational efficiency can pave the way for long-term business sustainability: 1️⃣ Cost Reduction: By identifying operational inefficiencies and implementing strategic improvements, you can significantly reduce costs. This frees up financial resources that can be invested in growth initiatives, employee development, or even that well-deserved pay rise. 2️⃣ Enhanced Customer Experience: Efficient operations result in timely, accurate, and streamlined service delivery. This means happier customers, increased loyalty, and a competitive edge in the market. 3️⃣ Accelerated Innovation: When your operations are efficient, your team has more time and energy to focus on innovation and creative problem-solving. This fuels continuous improvement and positions your business as a pioneer in its industry. Remember, time is money, and every minute that slips away due to inefficient processes dampens your long-term success. #Root2growth #accounting #virtualFD #civilengineer #surveyor

The only constants in today’s business environment are uncertainty and disruption. Why do some organizations pivot better than others? Simple: they’re data-driven. Find out four strategies that give these businesses agility and flexibility. #BI

The only constants in today’s business environment are uncertainty and disruption. Why do some organizations pivot better than others? Simple: they’re data-driven. Find out four strategies that give these businesses agility and flexibility. #BI

New research offers business and technology leaders insights into the age-old challenge of improving IT productivity.