Prasanth S’ Post

🚀 Unlocking the Mysteries of Strategy 🚀 Ever felt like strategy was an enigma reserved for the elite? Think again! Strategy is simply a roadmap to value creation. It’s about envisioning the future and planning for success. 💡 #StrategySimplified #ValueCreation #BusinessInsights Rather than diving straight into financials, let’s focus on the core: creating value for customers, employees, and suppliers. 💰 #CustomerValue #EmployeeEngagement #SupplierRelations Picture this: a value stick 📊. At the top, we have willingness to pay; at the bottom, willingness to sell. The gap? That’s the value a company creates. 📈 #ValueStick #BusinessGrowth #WinningFormula Increasing value means boosting willingness to pay or lowering willingness to sell. Simple, right? But how? Quality, complements, and network effects hold the key. 🔑 #QualityMatters #Innovation #NetworkEffect Investing in employees? It’s not just about the paycheck. Better jobs lower willingness to sell, creating real value. 💼 #EmployeeValue #TalentRetention #WorkCulture Take Best Buy’s transformation: shifting from doom to boom by amplifying willingness to pay and slashing willingness to sell. 🛒 #SuccessStory #BusinessTransformation #BestValue So, let’s rethink strategy. It’s not about complexity; it’s about creating value before capturing it. 💥 #StrategicThinking #ValueFirst #BusinessSuccess Engage with your thoughts! How can your company enhance value creation? 🌟 #JoinTheConversation #ValueCreationStrategies #UnlockPotential

In business, we often say, “The numbers don’t lie.” It’s true—numbers tell a story. But they don’t tell the whole story. Somewhere between profit margins, efficiency metrics, and quarterly reports, there’s a deeper truth we often miss: the heart of our people. Smart, hard-working individuals who pour their creativity, passion, and unique gifts into their work are the lifeblood of any organization. Yet, when the focus tilts too far toward the bottom line, we risk reducing these remarkable contributors to mere cogs in the wheel. Here’s the irony: In our relentless pursuit of cutting costs or maximizing productivity, we can inadvertently create the conditions for our own downfall. When we devalue the very talent that drives innovation, engagement, and connection with our customers, we’re not just losing people—we’re losing purpose. So when does the bottom line become what hurts us? -When it stifles the creative spark that fuels progress. -When it prioritizes short-term gain over long-term growth. -When it ignores the voices of those who care deeply about the work, even when their passion may seem inconvenient or costly in the moment. Profit is vital. But let’s not forget that the most enduring success comes from people who believe in what they’re doing and feel seen for more than their output. Businesses thrive when their people thrive. Maybe the real bottom line isn’t in the ledger—it’s in the legacy we create through how we value those who build it with us. What do you think? How do you strike the balance between people and profit? Let’s start a conversation. #LeadershipMatters #PeopleFirst #WorkplaceCulture #BusinessSuccess #EmployeeEngagement #PurposeDriven #InnovationThroughPeople #SmartLeadership #BottomLineThinking #CorporateCulture #SustainableSuccess #InvestInPeople #GrowthMindset #HumanCenteredLeadership #WorkplaceInspiration

Are you planning to fail or failing to plan? As the CEO of New Beacon Consulting Group, I've observed a concerning trend in the business world. Companies often fall into one of two traps: Failing to plan, remaining in cruise control Planning to fail by endlessly perfecting strategies without execution Both scenarios lead to employee disillusionment and market unresponsiveness. It's a stark reality that 88% of thriving Fortune 500 firms from the 1950s are now extinct. Remember Blockbuster? That's the fate awaiting companies that can't adapt. A well-crafted business plan isn't just a roadmap—it's a powerful tool for motivating employees and driving change. At New Beacon Consulting, we bring over 50 years of combined experience from military, private, and public sectors to help companies like yours avoid stagnation and perfectionism. Is your strategy drowning in a sea of competing priorities? Let's chat about turning your vision into reality. Contact us for a complimentary review of your needs. Don't let outdated strategy sink your business! Order "Forget What You Thought About Strategy" now - https://lnkd.in/gf5e3uqt  #BusinessStrategy #ChangeManagement #StrategicPlanning #LeadershipDevelopment

“Without reflection, we go blindly on our way, creating more unintended consequences, and failing to achieve anything useful.”  - Margaret J. Wheatley As a business owner, it’s tempting to just charge ahead. But there’s value in prioritizing time for quiet reflection. It's a strategic tool that can propel business forward. 𝗥𝗲𝘁𝗵𝗶𝗻𝗸 𝗥𝗼𝘂𝘁𝗶𝗻𝗲: Sticking to 'business as usual' without reflection can lead to stagnation and missed opportunities for growth. 𝗖𝘂𝗹𝘁𝗶𝘃𝗮𝘁𝗲 𝗔𝗱𝗮𝗽𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆: The only constant in business is change. Regular reflection keeps you flexible and ready to pivot, turning adaptability into an advantage. 𝗜𝗺𝗽𝗿𝗼𝘃𝗲 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲 𝗔𝗹𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻: Use insights from reflection to optimize how resources are utilized - we want maximum impact. 𝗠𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗠𝗮𝘆𝗵𝗲𝗺: Early ID of emerging issues, well before they escalate, allows you to address challenges proactively, preventing them from becoming major disruptions. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲 𝗧𝗲𝗮𝗺 𝗠𝗼𝗿𝗮𝗹𝗲: Regular reflection allows you to recognize achievements and address team challenges proactively. 𝗗𝗿𝗶𝘃𝗲 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻: By stepping back to take in the bigger picture, you can identify opportunities for innovation that keep your business competitive. It’s about intentionally moving forward  with clarity and confidence amid chaos. Reflection insights for me this week: ► A list of possible to-do’s for a VA ► A list of WHO’s I need to connect with ► A gratitude list that led to thank you cards ► Identification of an area I need to sharpen my skills How often do you take time to reflect? What aha moments have you experienced? #SMBStrategy #FridayReflection #GrowthStrategy

Companies that embrace failure as part of their culture see a 33% higher revenue growth rate. In this video, I dive into the data on why failure is essential to long-term success. 📊 #BusinessGrowth #EmbraceFailure #LeadershipSuccess #LeadershipStrategy #InnovationSuccess #BusinessGrowth #LearningCulture

𝗧𝗵𝗿𝗲𝗲 𝗟𝗶𝗲𝘀 𝗪𝗲 𝗧𝗲𝗹𝗹 𝗢𝘂𝗿𝘀𝗲𝗹𝘃𝗲𝘀 𝗔𝗯𝗼𝘂𝘁 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 – 𝗔𝗻𝗱 𝗪𝗵𝘆 𝗧𝗵𝗲𝘆’𝗿𝗲 𝗛𝗼𝗹𝗱𝗶𝗻𝗴 𝗨𝘀 𝗕𝗮𝗰𝗸 When it comes to business transformation, there are some myths that persist – ones that sound reassuring but often end up holding us back. Here are three we hear time and time again: • "Big Changes = Big Results" We’re conditioned to believe that only sweeping changes make a difference. The reality? Transformation is often a series of small, calculated steps. When we focus on tangible, incremental improvements, we build momentum and minimise risk, setting the stage for real, sustainable progress. • "We’ll Figure It Out Along the Way" Flexibility is vital, yes. But transformation without a clear architectural roadmap often leads to confusion and misalignment. Teams need clarity on where they’re going and why, with flexibility for how they get there. No map, no transformation. • "We Can Do This Without Disruption" Let’s face it – transformation is inherently disruptive. Pretending otherwise leads to resistance and frustration when disruption inevitably arrives. Instead, openly embrace and plan for disruptions as part of the process. When teams know what to expect, they’re more resilient and adaptable. It’s time to rethink our approach and be honest about what transformation truly requires. Dispelling these myths can help teams work smarter, stay focused, and achieve the kind of lasting impact we’re all aiming for. #BusinessTransformation #EnterpriseArchitecture #OrganisationalChange #LeadershipInsights

The life cycle stages of a company provide a structured roadmap for understanding the evolution of businesses from conception to potential decline and beyond, emphasizing the distinct challenges and opportunities at each phase. Let’s delve into the breakdown of these stages, highlighting key aspects such as revenues/earnings, milestones, and management strategies: Stage 1: The Lightbulb (Idea) Moment • Key Focus: Transitioning from idea to business. • Management’s Job: Crafting a compelling narrative with profit potential, focusing on vision and feasibility assessment. Stage 2: Young Growth • Key Focus: Initial growth phase. • Revenues/Earnings: Revenue generation commences, with potential negative earnings due to initial investments. • Management’s Job: Aligning actions with the company’s narrative to actualize the vision and set the stage for future growth. Stage 3: High Growth (The Scaling Up Test) • Key Focus: Rapid revenue expansion and market presence. • Management’s Job: Ensuring products/services align with the company’s story, navigating operational scalability and increased demand. Stage 4: Mature Growth (The Bar Mitzvah) • Key Focus: Established growth and market presence. • Management’s Job: Maintaining alignment between narrative and performance, leveraging a proven business model for sustained growth and exploration. Stage 5: Mature Stable • Key Focus: Stabilization and optimization. • Revenues/Earnings: Stable or modest revenue growth with consistent earnings. • Management’s Job: Adapting the narrative to reflect the company’s stage, refining operations, enhancing efficiency, and maximizing profitability. Stage 6: Decline (Midlife Crisis) • Key Focus: Potential decline in market relevance and financial performance. • Management’s Job: Addressing challenges through revitalization, diversification, and potential reinvention to reignite growth. The Top (All Numbers) • Key Focus: Achieving and maintaining market leadership. • Management’s Job: Balancing all aspects of the business, including innovation, market expansion, acquisitions, and financial performance, to sustain a leading position. Adapting the company’s narrative and operational strategies to align with its current life cycle stage is crucial for long-term success. This perspective underscores the dynamic nature of businesses and the significance of strategic planning and execution throughout the company’s growth journey. 📈💡 #CompanyLifecycle #BusinessGrowth #ManagementStrategies #StrategicPlanning #MarketLeadership #LinkedInPost

🌟 In a world where uncertainty is a constant, it’s crucial to empower our small businesses to thrive, no matter what challenges may arise.🌟    Here are some essential strategies to foster financial resilience and drive success:   Strengthen Financial Health: Assess your financial status and build cash reserves to create a safety net.   Diversify Revenue Streams: Explore new markets and expand your product or service offerings to mitigate risks.   Focus on Customer Retention: Enhance customer engagement and offer flexible payment options to keep loyal customers.   Invest Wisely in Marketing: Adjust your marketing strategies to emphasize value and reliability.   Foster a Positive Work Culture: Communicate transparently with employees and invest in their development.   Stay Informed and Adapt: Monitor economic indicators and remain flexible to changing conditions.   By implementing these strategies, we can not only navigate uncertainties but also lay the foundation for a powerful, sustainable future where our small businesses can flourish against all odds.   #BusinessResilience #EconomicUncertainty #Leadership #Strategy  

🌍 Strategy in the Current Economy: Navigating Uncertainty, Driving Growth As Senior Vice President of Strategy, my role has never been more dynamic—or more critical. In today’s economy, where uncertainty seems to be the only constant, the key to success lies in balancing adaptability with a steadfast focus on long-term goals. Here are the strategic priorities guiding my approach: 1️⃣ Anticipating Change: In a rapidly evolving market, staying ahead means keeping a pulse on emerging trends, economic indicators, and shifting customer behaviors. It’s about turning insights into action before the landscape changes. 2️⃣ Prioritizing Innovation: Lean times often push businesses to focus solely on cost-cutting. While operational efficiency is crucial, investing in innovation—whether through technology, new products, or process improvements—is the engine for sustainable growth. 3️⃣ Strengthening Partnerships: Collaborative strategies are proving invaluable. Aligning with like-minded organizations or stakeholders creates shared value and resilience during challenging times. 4️⃣ Empowering Teams: Strategy is not built in a vacuum. By fostering cross-functional collaboration and equipping teams with the resources to execute, we’re ensuring alignment and agility across the organization. 📈 Despite the headwinds, I’m inspired by the results we’ve achieved together! This economy is testing us, but it’s also pushing us to be better—more innovative, focused, and resilient. 💬 How are you evolving your strategic playbook in response to these economic shifts? I’d love to hear your insights! #StrategyLeadership #Innovation #Resilience #Growth #EconomicTrends

🚀 Unlock the Power of Purpose: A Game-Changer for Organizations Imagine your organization not just as a collection of tasks and goals, but as a living, breathing entity, driven by a powerful sense of purpose. Purpose isn’t just a mission statement—it’s the heartbeat of your company, infusing energy into every decision, igniting passion in your teams, and resonating with customers on a deeper, more human level. Companies with a strong purpose are more than twice as likely to achieve above-average growth. Why? Because purpose provides: ✅ Clarity in turbulent markets, like a lighthouse guiding through the fog ✅ Resilience, empowering teams to face challenges with confidence ✅ Loyalty, creating emotional connections with employees and customers When your team understands why they do what they do, their work transforms from routine to meaningful. Customers sense the authenticity, employees thrive with renewed energy, and your organization becomes a force for both profit and positive impact. 💡 Want to bring more purpose-driven momentum into your business? Follow us for strategies that elevate your organization’s heartbeat! #PurposeDrivenLeadership #OrganizationalGrowth #ImpactfulBusiness #InspireAndThrive #WorkWithPurpose #LeadershipMatters #TeamResilience #GrowthMindset #FutureFocused #ElevateYourBusiness Content derived, in part, from MIT Sloan Management Review post on X.