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Challenges, pacing, and disruptions in business

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Business challenges, pace and disruption

Business Challenges, Pacing, and Disruption
Many factors affect a business both internally and externally. These factors can help your business grow or it can drag your business down. So, let’s talk about it. 

According to pacing is the rate of activity, progress, growth, performance, or tempo. 
This is easily integrated into any business and it should be a constant question for you and your company. Business leaders need to find the right pace for their business for them to deliver their best performance and ensure their success in the future because if they don’t consider the rate of their business projection they end up going too fast or too slow, which will end up hurting their business. 

As the leader in your business, you need to evaluate your company’s current situation and figure out the capacity for it to grow and identify the right skill sets, capabilities, and strategies to increase the growth of your business sustainably. You also need to look at the external factors such as your competition and the industry’s environment.

However, you should also consider possible threats both internally and externally and pull in some restraint when devising and developing a strategy for your business’s growth. Factor on the right scale of growth for your business so, you don’t push too hard and too fast and cause your business to fizzle out. 
Focus on the execution of your strategy and constantly adapt and modify your plans according to opportunities and obstacles that your business has to face and endure. Monitor and evaluate all your departments to make sure that they are all moving at the same rate. Ask yourself if you are moving fast enough, or if the external factors are moving more slowly or even faster than you.

Times are rapidly and constantly changing, and this is even more true for businesses. The new marketing avenues are only one of the new things that are constantly and rapidly evolving which makes it challenging for business’s. They always have to stay on their toes for them to compete on a global stage in their industries and they are constantly facing challenges. 

Considering that external components affect a business, there are certain factors that every business should look into regularly, such as KPI. It is important that companies use a good set of performance indicators and constantly develop it because it provides the business with insights about how well it is performing. 

Whether you are a small business or a large-scale business, recruiting the correct talent or skill set is necessary for a sustainable future. Businesses need to recruit the right people with the right set of skills and develop their competencies for what the business requires. 

Technology and data have been an integral part of any sustainable organization. Technology has changed the world and it is constantly being innovated. Companies that don’t innovate or integrate technology into their day to day operations may be left behind by their competitors. Because of the technological environment businesses are living in, data is being collected and compiled regularly and this is causing an ever-increasing amount of data being produced by their concerned companies. It is important that data is processed efficiently and correctly otherwise you’ll just end up with a pile of information that’s wasted away because your business didn’t need it, or it wasn’t the right information for you. Information is another faction to any business investment, and it should be processed correctly for this is one of the foundations used to create strategies and marketing plans for the growth and sustainability of your business.

Disruption in business doesn’t have the same negative connotation as an interruption. Clayton Christensen introduced the concept of “disruptive innovation.” He used this phrase to explain how successful companies met their customer’s current and future needs. This definition can work for any business in any industry and any type of image or brand. The term itself has many different kinds of meaning in the world of business. 

Disruptive innovation is when a business creates an action plan to get from where they are to where they want to be. It is putting your disruption goals into action. When you have a plan or a strategy, it allows you and your business to anticipate incoming forces that can be disruptive to your business and your industry.

However, for you to implement a disruptive innovation you and your business need to be technological up to date with the technological advances in your industry. The reason this is needed is so, that you can stay one step ahead. You want to be disrupting the competitions and your market and not the other way around. So, you need to be alert and wary of your competition. You also need to constantly evaluate your products and services so, that your business can adapt and remain relevant. Self-disruption can help you innovate your services and products to have a better foothold on your standing with your targeted audience. 

Businesses, organizations, and companies of any size can participate in business disruption. But to implement it and take it into an actionable task, you must first work on your own company and internally optimize it. Prepare your business for real growth by carefully evaluating your current standing and capacity for growth. Look at your internal processes for every department, look at how you can improve your client relationships, evaluate your sales department, your finance, and operating departments. Examine how your current customers are being served and how their requests and needs are being processed by the concerned departments and find out if there is a way it can be simplified or streamlined. 

Turn your customers into a long-term and loyal client. It is one of the simplest forms of disruption. 
Analyze your business position and ask yourself if your business can turn that one-time buyer into a regular loyal customer, if the answer is yes then you have in simple terms disrupted your own business. 
Pacing, challenges and disruption are all goals and daily tasks your business needs to overcome for your business to reach sustainability. It is an everyday struggle and an everyday goal. But if you can develop a plan to attain the right pace, endure and overcome challenges as well as manage and create a disruptive business then you are well on your way to a sustainable business that can last a lifetime. 

Shivendra helps construction companies and contractors win more projects and grow profitably. Regarded as a master of practical implementation, Shivendra has guided organizations such as Downer and Siemens as well as smaller contractors to achieve double-digit improvements to their bottom line. Underpinning his extensive industry experience are qualifications in engineering and a Ph.D. focused on rapid cost improvement techniques. He is the author of two books, The Competitive Contractor and From Paper to Profit, host of the Competitive Contractor podcast, and the founder of Shivendra & Co and The Constructors Network. You can find more about Shivendra & Co on