Skills check – business planning

Today we officially launch Skills Check, a new series of quick quizzes designed to help you think about your capabilities and the capabilities within your business.

By Colin Benjamin and SmartCompany

Today we officially launch Skills Check, a new series of quick quizzes designed to help you think about your capabilities and the capabilities within your business.

As the new financial year approaches, it’s time to start thinking about reviewing your business plan. Do you have good business planning skills or is it an area for improvement?

Take our Skills Check and answer Yes or No.

(1) Our top team regularly conducts a competitive risk review and implements hazard reduction strategies.

(2) Market research is used to monitor each category of competitor performance to maintain our edge.

(3) Monitoring changes in the business environment and continuous improvement programs keep us competitive.

(4) Team members are encouraged to undertake further study in their field of practice to gain market insights.

(5) We have a formal opportunity search and innovation plan.