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Business Pathways
Business Management
As you grow your business, you will need to continually assess your operational, financial and human resource requirements to deal with larger product volumes, increased sales and new markets.
Strategic Business Planning/Innovation Strategy
Creating a road map or growth plan will help business owners to reduce risk as they grow their enterprise. A strategic growth plan will help to identify opportunities and how to capitalize on them. Innovative business improvements should include improvements to products, services, processes, marketing and distribution strategies throughout the supply chain. A thorough supply chain analysis will identify opportunities to pivot operations, create efficiencies, develop collaborative partnerships and expand markets.
Financial Management
As you grow your business, it will need greater cash flow and financing. Obtaining capital for growth, allocating resources efficiently and maximizing the potential of business activity are important parts of financial management. Create financial projections to determine your financing needs, such as to purchase more equipment or hire more staff.
Human Resource (HR) Management
As you grow your business, its HR capacity needs to grow too, whether that includes hiring new staff or training existing staff to do new tasks. Having a strong, high-performing team will help you manage risks and have a competitive advantage.