A business coach is a professional mentor who supports, educates and motivates business owners. They provide recommendations for a company's vision, growth and goals. Effective business coaches provide motivation but also implement and prioritize strategies to help businesses grow.
In short words, Red Oceans are basically all the current industries and markets in operation - the already-known market space. Therefore, all the existing companies that are in the same market, sharing the same characteristics, compete inside their Red Ocean. The name comes from the
It is very common in the business world that the entrepreneur considers it essential to know their competition - product, price, scope, value proposition, etc. - to know how to "defend or attack", in short, how to position themselves in the market. And several scholars in the field believe that this understanding is essential for the success of the enterprise.
Worrying about how your bookkeeping, accounting and business financials are running should be a thing of the past.
On a scale of one to ten, having a good business strategy rates about a fifteen!
The determination of a strategy is rooted in determining how a company stacks up against basic market forces, how it can defend itself against these forces and how it can influence these forces. Fortunately, Michael E. Porter in his article How Competitive Forces Shape Strategy defined these market forces for us. Known as Porter’s 5 forces they consist of:
Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services
Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services
© 2023 Copyright Dawgen Global. All rights reserved.
© 2024 Copyright Dawgen Global. All rights reserved.