Which one are you?
A pro-active strategy in a business involves anticipating changes. These can be in both your market and your competitors well before they actually happen. Pro-active management is practiced by successful entrepreneurs all over the world. It is a powerful tool for success in the right hands. By taking a pro-active stance you do not let things happen to you; instead, you take charge of your destiny and your course. This contrasts with a reactive approach. You allow outside forces to push you around and dictate what you can and can’t do.
A Pro-Active Approach
A pro-active approach revolves around the idea of being fully aware of the dynamics of the market. You will always want to take actions that will prepare you well in advance of any potential changes. Tailor your responses to environmental factors as they change and you will handle any challenges that come your way.
Businesses that want to remain relevant to their customers need to keep abreast of new ideas and technologies in the market. By arming yourself with the knowledge that you need to succeed, you can design appropriate plans of action that will make you succeed in an ever-changing market environment.
Adopting a pro-active approach does more than help grow your revenues; it enables you to spend time and money in a more efficient way, while still building your business. You will save time and money going forward, money that can be re-invested into your business’ bottom line. With a clear idea of what to expect in the future, a business and its employees are prepared with a strategic plan, to counter the effects of a major policy change or critical alteration in the industry procedures.
By having a pro-active approach, your business is both resilient and flexible. You’re designing a structure that is well aligned to carry out your own goals, mission, vision and objectives. A proactive business approach will help you make every business decision on the basis of both their short and long term objectives. Every step is deliberate, carefully calculated. You will not be at the mercy of any unexpected changes or challenges that come your way.
A Reactive Approach
A reactive approach places you at the mercy of any major changes that have taken place in your market. For example, when you change your company’s outdated software and technological system. This is after the latest advancements have taken the industry by storm! Instead of investing in these needed changes as they were occurring, you waited until the loss in productivity forced your hand. By this point, you’ve lost out on a substantial amount of time, money, and business.
Don’t take a reactive approach, book a call with me here today Be a business which works with a pro-active approach. Update your system processes when a new cutting-edge technology emerges, because you will immediately give yourself a leg up on your competitors, who are slower to adapt. You will capture the business that they will struggle to keep, and your reactive competitors will wish that they had been more productive.
Given the marked differences in both approaches, which approach do you think you should take for your business?
