Resources for business

The RapidBI Team have been busy writing new free content covering strategic and tactical business theories, tools, thechiques and methods appropriate for people involved in the development of organizations or themselves. below are some of the newer pages.

Key Pages:

Holistic Diagnostic Tools - Find out what using a holistic approach can offer you and your organization Scanning the Business Environment - Why do this - is it just a waste of time or the critical factor? Management Models - 100+ Management Models - a page full of graphical management models, covering organizational growth, leadership, coaching, change management etc. Porters five forces - Michael Porter's five forces is a model used to explore the environment in which a product or company operates. The PESTLE Analysis - The PESTLE analysis - a powerful tool for exploring the external environment of an organzation Force Field Analysis - The Force Field analysis is a valuable tool in any decisionmaking process SWOT analysis - The SWOT analysis - a powerful tool for exploring the strengths of an organzation Personal Development Plans - Need to develop a Personal Development Plan - all you need is here PRIMO-F_- Business_Growth_Model - The PRIMO-F business growth model, a holistic approach Continuing Professional Development or CPD - CPD has been around for some years, now the need for personal responsibility is ever increasing. Write SMART objectives - Description on how to write SMART and SMARTER objectives for individual and business performance Learning Logs - We have had requests for material to complement our PDP and CPD pages... here it is Critical Success Factors - What are Critical Success Factors and how to use them Corporate Social Responsibility CSR - How does Corporate Social Responsibility impact smaller businesses Learning Styles - Want to be a more effective learner? hers is a summary of the main learning style theories and applicationWrite a Mission Statement - How to write a mission statement for your business. more coming soon...Psychometric_Personality_Testing - What psychometric testing is and how to use it Career Anchors - A powerful tool to help individuals understand their career strengths Business Values -how to use values to create an effective organizationChange Management - Understanding the impact of psychology on change

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Mike Morrison is director of RapidBI, an organizational effectiveness consultancy. He has been involved in HR, OD and strategic development for over 20 years. He can be contacted via www.rapidbi.com/

© This article is copyright RapidBI 2006, 2008 – it may be copied providing the authors are credited, and direct links maintained

PRIMO-F Business development model

PRIMO-F Business Growth Model

The PRIMO-F model was developed as part of a SWOT analysis of an organization. It provides a consistent framework for comparison either from within the organization or to benchmark against a previous analysis or benchmark against other organizations.

The PRIMO-F model was based on some work from the Durham University Business School (DUBS), and what makes an organization and its management effective. This research demonstrated that an effective organisation needed to fulfill the following equation:

Organizational Growth Effectiveness

=

Performance to date * Potential for the future.

Where Performance to date (FiMO) included:

• Finance,
• Operations

and Potential for the future (RECoIL) included:

• Resources,
• Controls and Systems
• Innovation and
• Leadership

This was sometimes called FiMO/ RECoIL.

One of the problems with this method was the lack of consistent application, as a tool it is fine, however many manager, consultants and business advisors have their own priorities. For example a person who has a financial background will major on finance, a person with marketing will focus on marketing etc. After all we are all human. One of the problems with the model in the 'field' is that often key issues were missed. The BIR was developed to take these factors and review them consistently.

In many situations it is difficult for managers to differentiate between performance to date and potential for the future, as several areas overlapped, for example resources, operational leadership and management. To solve this problem we developed the PRIMO-F. A simplified way of showing strengths and weaknesses in the relevant areas.

The PRIMO-F Model:

PRIMO-F

People
Resources
Innovation & Ideas
Marketing
Operations
Finance

Performance of the business.

How good is it in terms of its Finance, Marketing & its Operations?

Potential for Growth
People in terms of their experience, their leadership and the controls in place in the organization.
Experience:

Age of the business

Management experience of:

• borrowing.
• product development
• different types of market
• use of external agents
• moving sites
• managing growth

Leadership:

Involving a senior management
age of owner manager
occupational base of owner manager
personal objectives and ambition in line vision of the future
education and training
attitude to staff development
family influence
management style
attitude to change
degree of strategic awareness and understanding of environment

Control:

Adequacy of information and control systems
Ability to use information
Degree of professionalism and Responsibilities of management
Adequacy of planning and monitoring
Level of delegation
How performance is assessed

Resources

Liquidity and availability of finance
Technology level and capability
Physical assets: age and state
Product range and life
Use of and access to appropriate external agents

Innovation and Ideas
Number and source of ideas innovation is being considered
How they are assessed
Level of development or market testing of these ideas
Level of market planning of these ideas
How creative they are.

Using the PRIMO-F model

At its most simplistic the model can be used as an agenda for change, where a facilitator works with the management team and between them they score the business and identify areas of action.

For a template on using the PRIMO-F

The BIR (Business Improvement Review) is a proven tool which take this process to the next level, with 360 feedback from managers and staff, with the option of having external feedback from customers and suppliers. The BIR process is one of the most robust and quickest strategic review processes available. Typically a whole business review can be completed in less than two days, regardless of organizational size. If a large organization also want a divisional breakdown, this will take longer. A Free version looking only at the People and leadership aspects is available For information on the three diagnostic reviews in the BIR family please visit www.rapidbi.com/bir/

Other pages of interest http://www.rapidbi.com/articles/

management models

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Mike Morrison is director of RapidBI, an organisational effectiveness consultancy. He has been involved in HR, OD and strategic development for over 20 years. He can be contacted via www.rapidbi.com © This article is copyright RapidBI 2006, 2008 – it may be copied providing the authors are credited, and direct links maintained