skip to Main Content
InnovatorsLINK
        • Upcoming Events

          Mon 24

          Equity Match Grant Information Session

          January 24 @ 5:30 pm - 6:30 pm
          Tue 25
          Tue 25
MSJ NEWS see latest news

How Businesses Can Be More Proactive in Developing Strategies

  • Companies need to always be aware of how to respond to changing business conditions
  • Data access company CEO offers tips on having a more proactive mindset
  • Three core practices to make a company better suited to meet challenges

Summary by Dirk Langeveld

Even when you’ve established a successful business, you’ll always have to be aware of how you can respond to changing conditions. Shifting consumer patterns, emerging competitors, or even disruptive events like the COVID-19 pandemic can force you to change your business strategies in order to stay relevant and resilient.

Heine Krog Iversen, founder and CEO of the data access company TimeXtender, recently wrote in Forbes to discuss his company’s experience in developing proactive strategies. He said proactive practices vary based on factors such as industry type and company size, but that three business practices can help companies to improve their operations.

  • Improving corporate culture allows you to identify a clear purpose as well as your core purposes and beliefs
  • Streamlining processes to improve speed, reduce cost, and realize other benefits
  • Communicating across multiple platforms, including regular updates on the company website, social media, and other channels

Spread the Word

Share on facebook
Share on linkedin
Share on twitter
Share on email

More To Explore

Bank

Questions to Ask When Selecting a Bank

  • Questions to ask to better understand a bank before starting a business relationship with them
  • Gauging lending authority as well as the extras available with an account
  • Inquiring about basic,

Latest News

Join with Free InnovatorsLINK Account

Start accessing all the free member benefits and valuable content on the InnovatorsLINK platform. Create a BizLINK listing to boost brand exposure, receive the weekly Main Street Journal newsletter, engage in forums, get full access to free content, and more.