The Regional Box that constrains SMEs and their owners has four factors that create real limitations for business owners. The result lowers their horizon, limits their resources, and constrains their perspective on the business environment in which their businesses must compete and operate.
Geography: Most SME companies are regionally focused, with a defined regional footprint for most of their supply and distribution activity. Their ability to extend geographically their supply chain and distribution is weak and thin.
Technology: Most small companies use only limited Information Communications Technology (ICT) to increase their communications infrastructure and to use the Internet to communicate and to build relationships.
Information: Most small companies use the same source of information repetitively, and do not have the time or funds to aggressively expand their sources for new information. They are too busy running the business to stay on top of trends and changes in their markets and in their industry.
Activity: Most small companies get trapped in the “Same Old, Same Old” scenario and have difficulty doing something new or progressive. The resistance to change is very strong, because leadership is often trapped working in their business, rather than keeping a strategic perspective to work on their business.
IntellaCore gets Companies out of the box...
GET OUT OF THE BOX: The imperative for company leadership is to change a company’s operational capability to break through its regional box in order to operate, to innovate, to complete, and to create value. To participate, to choose, and to improve a company needs 4 tools to break down its regional box:
Information -- CorePath,
Market intelligence and an understanding of a company'sbusiness environment, trends, and key factors driving regional, national, and international business dynamics is essential. You can’t travel to a destination without a map.
Geography -- CoreConnect, To develop a robust supply chain and to extend and strengthen networks of distribution and sales, companies must identify key contacts/prospects, engage them effectively, communicate efficiently, and build business relationships. This is a continuous process within one’s current regional footprint, and an essential activity to expand nationally and internationally.
Activity -- CoreSource, Companies must develop internal systems to increase operational efficiency. Businesses can also take advantage of external systems that can significantly increase their capabilities to manage their supply chain and extend their distribution network, without capital investment.
Technology, Information Communications Technology (ICT) -- CoreNet, Internet services and technology are not complicated and expensive. Rather than can be straightforward and very cost effective. Using the internet is about increasing one’s ability to communicate with people farther than a convenient car ride from your location. The Internet is a powerful extension of a business to build relationships and to collaborate with strategic allies, subcontractors, suppliers, and buyers. To collaborate, exchange information, and to operate across distances are a few of many business outcomes to effective ICT deployment.