Remaining personal, responsive, and connected in a digital world Global automotive industry challenges necessitate the revision of business strategies for both Original Equipment Manufacturers (OEMs) and retailers. As technology transforms consumer buying behaviour, OEMs and retailers need to achieve digital transformation in sales, to ensure they remain competitive and connected to their customers. For the […]
The COVID-19 pandemic saw South Africa’s economic growth rate plunge 16,6% in Q2 of 2020 and while it recovered by an estimated 13,5% in Q3, lockdown restrictions introduced over the course of 2020 have had a significant impact upon South African business. According to Statistics South Africa, the overall number of companies that were liquidated […]
The lean start-up methodology has helped entrepreneurs establish new businesses. Eric Ries’ 2011 book The Lean Startup: How Today’s Entrepreneurs Use Coordinated Innovation was an important milestone in the methodology’s cultural popularisation, even though its roots can be traced to the early 1950s and Taiichi Ohno’ lean manufacturing principles. The methodology gradually evolved overtime, with […]
Strategy in essence is a plan of action designed to achieve a specific aim or objective. Formulation typically begins in abstract terms and gradually solidifies into on-page-prose. One way of doing so is through developing a strategy map. A strategy map is a visualisation of the strategy planning process. A strategy map categorises the […]
Digital transformation is where an organisation seeks to profoundly transform its business activities, competencies and operating model to fully leverage the opportunities made available by digital technology. Digital transformation is a complex process requiring careful management and which has significant implications upon an organisation’s strategy. A view of these implications has been expressed by David […]
Strategic planning is when an organisation sets its priorities, distributes resources, creates and implements strategies, and monitors their level of success. This process ideally occurs in conjunction with crisis planning. While strategic planning seeks to exploit opportunities available within a changing environment, crisis planning – also known as crisis management – tends to focus on […]
Launched this year, Letsema Talks has sought to offer the views and expertise of Letsema’s diverse range of staff on a variety of topics we believe those working in a business, or responsible for managing one, may find enlightening, intriguing, educational and valuable in a time of unprecedented uncertainty. Over the next two installments of […]
A pillar of the systems approach to management is acquiring a holistic view of an organisation so resources can be optimally deployed and managed to achieve stated objectives. While normally associated with business management, the world of professional football is not alien to the concept. In the 2018/2019 European season, a team primarily composed of […]
Partnering, and to partner for a competitive edge, has existed as a concept for millennia. Among the very first known business partnerships occurred in medieval times, spurring important economic revolutions such as the Commercial Revolution that occurred in 13th century Europe. As we move deeper into the 21st century, the idea of partnering for a […]
In this installment of Letsema Talks, we speak to Nirojan “Nitro” Poovendran, Partner: Strategy at Letsema. The focus of our discussion is how to partner for a competitive edge, which is fast becoming an essential way to do business in an economy that demands innovation, quality and speed. Nirojan takes us through what needs to […]
