All businesses have access to an extensive pool of knowledge, whether this is their understanding of customers' needs & the business environment or the skills & experience of staff. The way a business gathers shares & exploits this knowledge can be central to its ability to develop successfully. This doesn't just apply to huge multinational companies. Knowledge management can benefit everyone from a local small company to a major manufacturing firm.
What is Knowledge in a Business?
Using knowledge in your business isn't necessarily about thinking up clever new products & services, or devising ingenious new ways of selling them. It's much more straightforward. Useful & important knowledge already exists in your business. It can be found in: the experience of your employees the designs & processes for your goods & services your files or documents (whether held digitally, or on paper) your plans for future activities, such as ideas for new products or servicesThe challenge is harnessing this knowledge in a coherent & productive way.
Some Key Factors in Acquisition Growth
By gathering competitive intelligence from senior decision-makers at companies with which the client is looking to build a stronger relationship. By engaged industry experts who are well-informed about emerging companies & technologies.. Assembling a ‘hit list’ of companies based on an analysis of their potential fit with your current structure.
By carrying out the above step-by-step information gathering clients are able to identify a short-list of acquisition targets in a fraction of the time & cost it takes using a Corporate Development team.Results are a valuable source of fresh insights, as well as a ‘sense check’ against the client’s internal analysis.Let us help guide you on how to best harness & exploit this information & create a knowledge based growth strategy for your business.