π Profitable Growth π β how do we achieve it (this time)?
In October, Steven ter Horst spoke at a BoardmanGrow event at Epicenter in Helsinki about growth and accelerating it. From an outside perspective, Finnish companies often appear modest and cautious in their growth ambitions, which directly impacts the realization of those goals.
We tend to focus solely on data from our own business area, making interpretations and assumptions about the future. However, the biggest changesβthose that also impact your businessβare happening outside your bubble.
Stevenβs tips for entrepreneurs and business leaders to accelerate growth include:
π Regularly monitor future trends and keep your horizon far enough ahead
π Adjust your strategy and its implementation as needed
π Dare to think outside the box
π Take calculated risks and be willing to invest upfront
π Act customer-centrically and truly understand your customers
π Build a strong and diverse team and network of collaborators
π Strive for (sufficient) excellence: commercially, operationally, and innovatively
π Assemble an experienced group of advisors or build a capable board
In discussions with our clients, the importance of future foresight and scenario planning has become increasingly apparent. However, many companies still lack the expertise. Additionally, many SMEs do not have an active board to support the operational leadership in addressing these skill gaps.
The core expertise of Growth Agency IHME focuses on the beginning of Stevenβs listβforesight, scenario planning, strategy building, adjustment, and implementationβas well as enhancing customer understanding.
Focusing on profitable growth is always worth it.