A deficit, or deficiency in business can mean simply determining what’s missing, or more often, what does not meet the standard(s) required to be effective. In connection with Situation Assessment and Opportunity Identification, this is where the rubber meets the road. Do you have the resources to translate and monetize once an opportunity presents itself?
Also, it can mean not being set up to take advantage. This speaks directly to your mission and core competencies. It is common to see many in the marketplace answering a need that falls outside the parameters such considerations set. Honestly answering, “This is not what we do,” can be a powerful way of sidestepping undesirable outcomes before these kinds of pursuits take you too far afield.
The Grifco Strategy team helps you build and manage the right business systems. Any missing steps are integrated into existing steps. Unnecessary ones are removed or combined with better ones. Before we augment any system, we make sure that system is efficient. Inefficient processes are often augmented by technology. We act to prevent this common development error.
Contact Grifco to help unveil weaknesses and work to reveal opportunities.