Business Counsel A Forum for Ideas and Exchange: How to compete when companies are faced with an unavoidable and inevitable erosion of their market

Business Council: A Forum for Ideas and Exchange
Intellect by Lori Williams
Chief Strategist for LW and Associates
and Founder of Business Simply Put

http://blog.lwandassociates.com

Business Simply Put

Business Simply Put provides entrepreneurs and small companies with the information they need to start, operate and grow their business.

Business Simply Put offers E-classes, E-books and E-Advice.

To Learn More Visit www.BusinessSimplyPut.com
About Lori Williams

Lori Williams has over 15 years of experience in strategic planning, marketing, operations and finance. She has functioned as a business owner, corporate officer and consultant in a variety of industries.

Through a combination of real life experiences and academia, she has developed a unique balance of intellect, experience and interpersonal skills.

Lori is the owner of a LW and Associates, a business consulting firm specializing in strategy and finance. As the Chief Strategist, Lori provides businesses with growth strategies designed to increase revenues, profitability and build long-term sustainable growth.

In 2007 Lori founded Business Simply Put, a division and registered trade mark of LW and Associates, to provide smaller companies with affordable high-level information and advice. Business Simply Put offers professionals access to business intelligence on key topics specific to small and medium-sized companies. This includes a wide variety of forums, including classes, seminars, webinar, teleseminars, and products such as E-Books and E-Resources. Lori recognized the need for sound, simplified business wisdom and by combining experience, expertise and technology; she designed products and services affordable to smaller companies.

Lori holds an MBA from Pepperdine University, BS Business and Management, an AA in Medical Science and a Practitioner’s license in NeuroLinguistic Programming. She is an adjunct professor at the Lloyd Grief Center for Entrepreneurial Studies at USC, teaching the Business Plan Class and Feasibility Studies. She has been a requested speaker at business organizations and has addressed esteemed audiences such as the IBM Big Blue Alumni, City Club, World Savings Bank, Citibank, and members of the Small Business Development Center located in California and Texas.

Lori is a published author. Her EBooks are distributed through Amazon, Barnes and Noble and Linkedin. She self-promotes her classes, seminars and workshops, in which she is solely responsible for content and delivery.

She has an abundance of energy and believes anything is possible if you work hard and are committed to your dream.

To contact Lori: Lori@BusinessSimplyPut.com
lori@lwandassociates.com

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Business Counsel A Forum for Ideas and Exchange: How to compete when companies are faced with an unavoidable and inevitable erosion of their market

How to compete when companies are faced with an unavoidable and inevitable erosion of their market

The change in market dynamicsmay be caused by intense competition locally or abroad. Companies that havesuccessfully competed may suddenly find themselves in a new competitiveenvironment. When this occurs they have several options, they can search for a capitalinfusion, in order to create a new or refined business model, change manufacturingprocesses through off shoring or outsourcing, or close operations altogether.

It could be argued that eachand every company will face such a dilemma; it is not "if"--just "when". Thisstatement has been made evident as many of our corporate darlings that have stoodthe test of time, are currently struggling to stay alive in the competitivelandscape. America'sbeloved industries - the airline industry, the automotive industries are allunder aggressive attack.

So how does a middle marketcompany continue to strive or at least compete when they look around them tofind the customer's preferences have changed, the supply chain has evolvedthrough more efficient means of production than the one that they currentlyembrace or the demand has shifted entirely?

Middle market companies needto be strategic in their thinking. Focus on ways to take advantage of localmarkets first, creating a dominance and cash flow to assist as they expandregionally--nationally--internationally. Companies often make the mistake of tryingto expand before they have created a solid footprint.