Blog posts tagged with Strategy

4 Investment Strategies to Pursue in 2018

December 20, 2017 by Sam Wasylyshyn

With 2017 soon to be in the history books and 2018 on the horizon, have you started to think about what investments you want to make in your company? As a refresher, did any of the following cross your mind in 2017? We have been operating in survival mode without a plan… My sales are stagnant/shrinking and I don’t have resources… I’m getting traction in the market, but I don’t know how to scale to meet my demand… I want to create a business that provides financial freedom... If you answered YES to any of the 4 statements, then 2018 is the year to act. MAGNET has the resources to help make this a reality for a modest investment. In fact, the average initial investment is around $3-5K. The MAGNET process is simple: We identify critical business needs, we prioritize a project plan, and we implement the needed improvements. 4 Investment Strategies If you are a small manufacturer that wants to make a change for the better in 2018 lets talk more: Matt Sinclair – 216-534-9626 or matt.sinclair@magnetwork.org

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SWOT and ISO9001:2015 – The Connection

December 18, 2017 by Gwido Dlugopolsky

Don’t underestimate the value of a good SWOT analysis. In fact, a good SWOT analysis will assist you in transitioning to ISO9001:2015 The four parts of the SWOT analysis: Strengths - What are the companies best practices? What gives you a competitive advantage over others? Weaknesses – What puts you at a disadvantage over others? Systems that are not fully effective? Opportunities – Potential areas of improvement? Areas you can exploit? Trends that could positively impact your business? Threats – Risk areas, Noncompliance? A good PEST Analysis will compliment the SWOT Analysis. A PEST Analysis identifies all of the various external political, economic, social, technological, legal and environmental factors that might affect a business. Managers then assess the risks that the identified factors pose and use that knowledge to inform decisions. How SWOT can fit into ISO9001:2015: Clause 4.1 and 4.2 (Internal and External Context of the Organization) Clause 6.1 (Risk and Opportunities) Clause 6.2 (Quality Objectives) Clause 7.1.6 (Organization Knowledge) If you would like to talk more about the ISO9001:2015 transition or would like a 3rd party facilitator for an upcoming SWOT analysis at your company give me a call or email. Gwido Dlugopolsky at 216-391-7766 or gwido.dlugopolsky@magnetwork.org

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