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More than half of business start-ups fail after four to five years, and of those that survive only around 4% become successful. One of the aspects that distinguishes these entrepreneurs from the competition is their approach to strategy.
Successful entrepreneurs tend to embrace rather than reject corporate strategies, and they will often trade off or tone down brash entrepreneurial behaviour for a more civilised approach. This results in a strategy with a winning formula for entrepreneurs and...
Guest blog, provided by Sean Singleton, BGP Alumni, Managing Director at Your Favourite Story.
It is becoming increasingly difficult for SME businesses to find new effective routes to engage customers at every level. As product lifecycles continue to decrease and brand loyalty is at an all-time low, businesses must re-examine marketing...
Pressure to meet performance targets, lack of resources, rapid organisational change and power differences may all give rise to conflict and as a result, effective conflict handling is a critical management...
A good business plan hence needs to carefully articulate the opportunity, the strategy and resource requirements, outline risks and rewards, and introduce the management team.
The single, most important difference between successful businesses and also-rans is the quality of the senior team. The skills shelf-life of new and experienced managers is becoming shorter and shorter. If we don’t widen and deepen our management skills base our competitors will take our...
By paying attention to what works, we can translate much of what we understand from sport into a business context. Psychological research demonstrates that difficult, high-level goals prompt superior performance much more successfully than vague ‘do-your-best’ or no goals.
Two companies founded by BGP alumni were winners at the 2015 National Business Awards.
GoApe, the outdoor adventure company set up by Tristram and Rebecca Mayhew, took home ‘The Customer Focus Award’, while youth marketing agency Livity and co-founders Sam Conniff and Michelle Morgan collected ‘The Social Enterprise of the Year Award’.