the CEO Hour, March 7th, 2014.
Peter Philippi - CEO, Strategex
The 80/20 Profit Enhancement
We've all have heard of or know, the 80/20 Rule (or Pareto Principle), but few of us execute it effectively. Do you apply 80/20 to your business or personal life? What would change in your business or life if you could execute 80/20 effectively? Interested to learn how? Profit growth begins with finding your business's best assets. Which products or services are truly profitable for your company? Which customers would you consider your "A" customers - those that are most valuable and reliable? When you step back and take a discriminating look at your business, what part is the 20% - the critical core - that leads to all of your profitability?
Asking these questions is the first and most substantial step in creating a smart plan for enhancing growth. Once you discover where your company's real value is, you can focus your resources there, zeroing in on your best-performing and highest potential offerings, and then travel a clearly defined path to a business performance transformation.
STRATEGEX, Inc. Strategex, Inc. is a research and consulting firm based in Chicago, dedicated to providing direction and support for sustainable, profitable and aggressive growth. Founded in early 1993, Strategex has focused on the growth of our business-to-business clients in both domestic and international markets. Peter Philippi is founder and President of Strategex, Inc., and has over 30 years of direct experience working with top-level management to drive change, profitability, and growth.
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