Having good "people
management" skills is important. However, if the
firm is going in the wrong direction, you will still fail
- only faster! Hard Management provides managers with
the perspective, insight and skills to make the critical
"directional decisions".
A number of principles are at the core of our approach
to achieving sustainable competitive advantage
and these distinguish our approach:
- value management
- a longer-term perspective that helps managers to think
in terms of the total value
of the business. A firm with rising profits can
actually be declining in value. Managers need to be
able to see beyond the balance sheet and profit and
loss account (which show the symptoms) and understand
the performance drivers (the causes).
- the importance
of intangibles - what drives the performance
of a business - machines, office buildings, photocopiers.
Of course not - and yet these are typical of the assets
on the balance sheet. The most valuable assets are absent:
- relationships with customers and suppliers
- R&D knowledge
- market knowledge
- staff skills
- brand .... etc
Hard Management rescues managers from the
myopia of traditional financial measures and
helps them to focus on and develop the true wealth-generating
assets in the business.
- marketing-led
- along with phrases such as "customer-focused",
marketing-led is a much mis-used phrase. Marketing is
not simply the function that deals with advertising
and mailshots; it is a whole approach to business. All
managers must understand branding because all managers
have an impact on it. They should be able to discern
between "differentiation" and merely being
different. Above all they need to comprehend the
factors affecting customer buying decisions -
and why the product or service is often not the major
reason.
- pragmatism
- from theory and example to implementation. The purpose
of our programmes is to provide managers with knowledge
and skills that they can utilise immediately.
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