How to increase profits

How to Increase Profits for a Business – in short increase revenue and decrease costs. You need to generate more sales while reducing expenses. To increase sales invest into Marketing, improve sales employee performance, try to sell more items and or see if you can upsell and expand product offering.

Reducing costs, means being more effective operationally, which means reducing waste, doing things just in time, maximizing your employee productivity. All this should lead to more profit. The below diagram depicts ways to increase your company’s profits.

How to increase profits diagram

Strategic Planning Process Funnel

You can also expand it with time as your strategy becomes more efficient and new opportunities arise. Another important principle of this sales funnel is that we’re not talking about a linear process here. You don’t want to limit your marketing strategy to generate leads at the top of the funnel and then guiding them all to the end.

Strategic Planning templates for PowerPoint are essential for making professional presentations that appear both classy and detailed, without overwhelming the audience with cluttered data.

Funnel analysis can be quite useful for showing a process and its different steps in detail without confusing your audience with too much detail. This template makes it easy to accommodate complex data within an easy to grasp layout, with the help of a 3D funnel diagram.

Strategic Planning Process Funnel diagram

The Marine Strategy Framework Directive

The aim of the European Union’s ambitious Marine Strategy Framework Directive is to protect more effectively the marine environment across Europe. The Marine Strategy Framework Directive was adopted on 17 June 2008.

The EU Marine Strategy Framework Directive (MSFD) was put in place to protect the marine ecosystem and biodiversity upon which our health and marinerelated economic and social activities depend. To help EU countries achieve a good environmental status (GES), the directive sets out 11 illustrative qualitative descriptors.

The Directive enshrines in a legislative framework the ecosystem approach to the management of human activities having an impact on the marine environment, integrating the concepts of environmental protection and sustainable use.

The Marine Strategy Framework Directive diagram

McKinsey 7S framework

Using the tool. As we pointed out earlier, the McKinsey 7s framework is often used when organizational design and effectiveness are at question. It is easy to understand the model but much harder to apply it for your organization due to a common misunderstanding of what should a wellaligned elements be like.

You can also apply the McKinsey 7S model to elements of a team or a project. The three “hard” elements are strategy, structures (such as organization charts and reporting lines), and systems (such as formal processes and IT systems.) These are relatively easy to identify, and management can influence them directly.

A conceptual framework to guide the execution of strategy. In this guide, we’ll walk you through the 7S of the McKinsey Framework and how to apply it to evaluate and improve performance. The McKinsey 7S model is one of the most popular strategic planning tools.

McKinsey 7S framework diagram

KPI Strategic framework

Creating a KPI framework, also referred to as a Digital Marketing and Measurement Model, addresses this by organising desired business outcomes such as “increased brand awareness” with things that we can measure such as “branded traffic”.

KPI Basics. Key Performance Indicators (KPIs) are the critical (key) indicators of progress toward an intended result. KPIs provides a focus for strategic and operational improvement, create an analytical basis for decision making and help focus attention on what matters most.

PreKPI: Always begin by articulating your strategy properly. Use one of the many popular frameworks for strategy or goal setting (Balanced Scorecard, SMART, MBO, OKRs, WIGs, or other) to set objectives/goals and determine your strategy for achieving them.

KPI Strategic framework diagram

CIO Wiki IT Strategy Framework

CIO Wiki is sponsored by CIO Index. Get to the answers you are looking for fast by checking the index. Alternatively, you can search for the terms or check recent changes. You will need an account to participate. Please login first.At this time, only CIO Index authorized authors are allowed to update this reference.

IT Strategy Framework (Information Technology Strategy Framework) is a formal definition of the essential elements or components of IT Strategy, and their interrelationship. An IT Strategy Framework can define strategic IT concept(s) in general or relate to a specific IT Strategy solution.

The following are the 3 Tasks of the AFI Strategy Framework Analyze: The strategic Management Process, External Analysis, Internal Analysis, and Firm Performance. Formulate: Business Strategy, Corporate Strategy, and Global Strategy. Implement: Organization Design, Corporate Governance, Business Ethics, and Strategic Leadership.

CIO Wiki IT Strategy Framework diagram

Ghemawat AAA Global Strategy Framework

3.1 Ghemawat’s “AAA” Global Strategy Framework Ghemawat socalled AAA framework offers three generic approaches to global value creation. Adaptation—creating global value by changing one or more elements of a company’s offer to meet local requirements or preferences—is probably the most widely used global strategy.

One of the framework was identified by Ghemawat- AAA Framework in which the three As stand for Adaptation, Aggregation and Arbitrage. Adaptation Strategies: These strategies increase market share and revenue by adapting some components in a business model of a company such that it is suitable to suffice local preferences and requirements.

Example- Walmart use to sell products worldwide which have been bought from China and earn from the differences in the prices. When managers first hear about the broad strategies that make up the AAA triangle framework for globalization, their most common response by far is “Let’s do all three”. But it’s not that simple.

Ghemawat AAA Global Strategy Framework diagram

The implementation of the Marine Strategy Framework

The Marine Strategy Framework Directive aims to achieve Good Environmental Status (GES) of the EU’s marine waters by 2020 and to protect the resource base upon which marinerelated economic and social activities depend.

The aim of the European Union’s ambitious Marine Strategy Framework Directive is to protect more effectively the marine environment across Europe. The Marine Strategy Framework Directive was adopted on 17 June 2008.

Marine strategies in some coastal areas will need to identify ways of adapting to the effects of global warming and to reduce the vulnerability of natural and human systems to climate change effects.

The implementation of the Marine Strategy Framework diagram

TSM Business Analysis Framework

This article is a mere introduction to the theme. Definition: Business analysis framework is a real and/or conceptual structure which includes the usage of an assembly of knowledge, practical techniques and established concepts, in view of quickly discovering, critically analyzing and accurately getting the business requirements.

This framework defines the people, processes and platforms that need to be integrated and aligned to take a more strategic approach to business intelligence (BI), analytics and performance management (PM) initiatives.

For this, it is necessary to use a welldefined business analysis framework. It will ensure that the client”s needs and requirements can be conveyed and understood to the same extent by all the parties involved, so that, in the end, the client is completely satisfied by the delivered solution.

TSM Business Analysis Framework diagram

Thinking strategically McKinsey framework

The article is also noteworthy for setting forth McKinsey’s original definition of strategy as “an integrated set of actions designed to create a sustainable advantage over competitors” and includes a description of the wellknown “ninebox” matrix that formed the basis of McKinsey’s approach to business portfolio analysis.

Practical Example. The McKinsey 7S model can be applied in circumstances where changes are being brought into the organization that may affect one or more of the shared values. Suppose a company is planning to undertake a merger. It will affect how the company is organized since new staff will be coming in.

McKinsey’s standard portfolio analysis tool is the ninebox matrix (Exhibit 2), in which each business unit is plotted along two dimensions: the attractiveness of the relevant industry and the unit’s competitive strength within that industry.

Thinking strategically McKinsey framework diagram

New Brunswicks Wellness Strategy Framework

We are all in this together: An Aging Strategy for New Brunswick ii Terms and Definitions Persons 65 years and older are sometimes referred to as elders, older adults or persons who are aging. For the sake of simplicity, in this strategy, the council decided to use the term “senior” to describe those 65 years and older.

The strategy calls for a new LongTerm Care Actbe enacted. In addition, government will take advantage of the research available to inform public policy and, based on evidence, adopt best practices so New Brunswick can be the best place to age in Canada. The overarching theme of the strategy is “aging in place.”

This strategy calls for a shift in the mindset of all those involved in providing care and support to seniors. All New Brunswickers are encouraged to get involved in the conversation about aging and recognize that it is a natural process to embrace, rather than view as a disease. It urges all service providers to adopt a personcentred approach.

New Brunswicks Wellness Strategy Framework diagram

AAA Global Strategy Framework

The AAA global strategy framework is three generic approaches to create global value. This framework was developed by Pankaj Ghemawat. The three As stand for Adaptation, Aggregation and Arbitrage (Ghemawat, 2007). This framework allows the business operating at global level to adapt these strategies and attain better results.

Ghemawat socalled AAA framework offers three generic approaches to global value creation. Adaptation strategies Strategies that seek to increase revenues and market share by tailoring one or more components of a firm’s business model to suit local requirements or preferences.

Aggregation refers to a strategy where the company deploys a global strategy wherein the company tries to capitalize on economies of scale by replicating the success of its product or service from home country and tries to market this standardized product or service in the new country.

AAA Global Strategy Framework diagram

National Centre Strategy

The National Strategyis articulating the Government of Canada’s approach to countering radicalization to violence and is a means to discuss this subject with key partners and Canadians. The landscape of the threat is constantly changing, as are local and global realities.

In this context, the National Strategy on Countering Radicalization to Violenceidentifies areas where expertise and capability exist, and how the Government of Canada and its partners are investing to enhance our collective strengths. The National Strategy has three main purposes:

Canada Centre for Community Engagement and Prevention of Violence Countering radicalization to violence is a key priority of the Government of Canada. In 2015, the Prime Minister mandated the Minister of Public Safety Canada to develop the Canada Centre.

National Centre Strategy diagram