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Accelerated Best Practice: Implementing Success in by Fiona Westwood

By Fiona Westwood

Fiona Westwood presents functional instruments and methods geared toward harnessing the mind and effort of execs to accomplish buy-in and dedication to alter of their businesses.

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Extra resources for Accelerated Best Practice: Implementing Success in Professional Firms

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There are a number of ways of implementing any major strategy or change of emphasis for the firm. Common methods include organic growth, which provides the advantage of stability and the disadvantage of slowness, or one of the more adventurous and faster options of amalgamations or joint ventures. Choice 1 Organic growth Organic growth implies the steady and incremental development of the firm, building on its inherent strengths and addressing its weaknesses. In my experience, some firms have been very successful with this approach and have more than maintained their market position.

The structure of an organisation is a reflection of its values and resource base and will also determine its potential flexibility. Structure will therefore have a direct effect on what strategy or change of direction can be achieved. As a result, it is important that strategy and structure support each other. For example, there is little point in adopting a cross- Achieving Best Practice 37 department team approach to client services if the firm is structured along rigid department lines with poor communications and a separate basis of charging.

3. 4. 5. 6. 7. 8. 9. people finance pricing and service levels suppliers administration and systems client base quality competitors and external resources. 3 illustrates some of the questions we need to ask. The process of completing the analysis is as important as the information itself. By obtaining and working through the collation of information, people become more knowledgeable about the organisation as a whole, the details of its operations and the interconnection of different elements. In addition, different groupings of people become more comfortable with working together and sharing views.

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