• Posted 09/10/2017 12:38am

ASSESSING THE HEALTH OF YOUR BUSINESS

All businesses have weaknesses as well as strengths. If you want to sustain and grow your business, it’s vital to address these issues before they threaten your chances of long-term success. A business health check would be a key part of that process.

A Business Health Check asks some key questions about your business, highlighting areas of potential weakness and pointing you in the direction of relevant help and support.

Periodic business health checks are an easy way to spot problems before they happen.

Your car needs an oil change every 3,000km, a wash every few weeks and a new battery about every five years. Just like you take your car to the mechanic to keep it running smoothly, you need to perform regular check-ups on your business health. It’s not just about performance, it’s about risk reduction. 

Strategic Management NZ Ltd.’s role is to support and provide direction for businesses within New Zealand.  In conjunction with partner firms, Strategic Management NZ through its health check award system and business workshops is able to offer advice, guidance and assistance to help organisations continually improve their management and business services

Strategic Management NZ’s ‘Business Assist: Health Check’ is a summary checklist that small business owners can use to enable them to assess their policies, procedures and performance and from that identify and prioritise areas needing improvement in their operations and the services they offer as a basis for forward planning and sustainability.

Our Business Assist: Health Check is a logical audit of five key areas of an organisation’s operation.

INTERNAL / OPERATIONAL PERSPECTIVE FINANCIAL PERSPECTIVE LEARNING / INNOVATION PERSPECTIVE CUSTOMER PERSPECTIVE STRATEGIC MANAGEMENT PERSPECTIVE
To satisfy for customers, what processes must you excel at? How do you look to your board, staff, investors, clients and community? How must your organisation learn and improve? How do you build a value proposition to acquire and retain customers? What direction and priorities does your organisation have in place?

The scoring guideline helps your organisation look at the way it performs its tasks. The most important things to consider when using the checklist are:

  • It is an assessment of your organisation, not the individuals in it.
  • It can help you improve and develop your organisation.
  • The checklist is based on a ‘best practice’ approach.
  • It is designed to promote continuous improvement.
  • To gain the most benefit from the process, it helps to be completely honest in looking at the way your organisation performs.

The scoring guideline makes statements about the way an organisation works and you can use the rating scale to measure your organisation’s level of performance.

The scoring guideline is designed to allow organisations to identify areas that need improvement. It allows you to rate your performance against each of the criteria of 0, 1, 2, 4, and 5. If you rate a criterion as 0, 1, or 2 it means you have identified an area in need of improvement that may become part of your planning process.

You might observe that the checklist has no 3 rating. This score has been deliberately omitted, as there is no middle ground in this process.

VALUE RATING
0 Not considered
1 Thinking about implementing
2 Started implementing
4 Operating, but not fully
5 Operating successfully

Following the submission of your health check, Strategic Management NZ Ltd will provide a detailed report within 72 hours as well as a simple visual impression of your organisation’s level of performance.

It’s common to get so busy helping our clients that we put off our own needs. Big mistake! By looking after ourselves, we can actually be far more effective and productive.

So for the final quarter of 2017, treat yourself as your most important client, and book in for a complimentary consult with Chris.

He’ll give your business processes and culture a free once over. To make sure you’re streamlined for success, he’ll be looking at areas you may be able to gain maximum efficiency. Whether it’s to outsource or delegate tasks such as sales, accounts, marketing, production, customer service, client management or lead generation, Chris will be able to suggest solutions to your challenges.

Free up your time to see what you do best, book today by contacting Chris

08 Apr

DEVELOPING A PRICING STRATEGY

Over the Easter weekend I spent time at the Blackcaps vs England Test match at Christchurch’s Hagley Oval and saw a clear example of a lack of a strategy behind...

01 Nov

SNEDDEN'S STRATEGIC SIGNIFICANCE

At some stage, we all have that one person that comes into our professional lives. They ooze confidence, their experience is incredible, they have the ability to inspire you, get...

Latest Posts

  • GOOD BUSY OR BAD BUSY?

    19 Monday, 2018
    One of the first things I frequently hear from clients, when we check-in at the beginning of a session, is they’re busy.
  • WHAT IS YOUR VISION?

    14 Wednesday, 2018
    Nike’s is to remain the most authentic, connected, and distinctive brand while Instagram’s is to capture and share the world's moments.
  • FEELING THE PINCH?

    06 Tuesday, 2018
    How’s the petrol hike affecting your business? You may be noticing it directly through increased overheads, or be feeling the pinch from your customers reducing their budgets and therefore buying less.
  • THE DEVIL IS IN THE DETAIL

    14 Thursday, 2018
    “The devil is in the detail” - an old quote which speaks volumes when evaluating many businesses ability to implement strategy in the modern era.