<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=290086984736480&amp;ev=PageView&amp;noscript=1">
Search
word-map-thumb

The Alternative Board Blog

Driving Critical Success Factor – Your Business's One Thing

Jun. 18, 2013 | Posted by The Alternative Board Worldwide

As a business owner, you probably feel like the Red Queen from Lewis Carroll's "Through the Looking Glass." At one point, the Red Queen's says, "It takes all the running you can do, to keep in the same place." The Red Queen has to stay perpetually active, otherwise she will fall behind.

Business owners can relate. The good news is, there is a better way.

At TAB, we have a Strategic Business Leadership (SBL)® program. Strategic Business Leadership helps business owners achieve their company vision which is aligned with their personal vision. A key element to the process is to identify the Critical Success Factors or CSFs.

Want additional insight? Download Setting KPIs for Business Success now to learn more

DOWNLOAD

CSFs are factors that are most important to achieving your business vision. It takes a great deal of consideration, reflection, and prioritization to determine your CSFs.

Strategic Business Leadership takes this one step further. It asks business owners to identify their Driving Critical Success Factor, or DCSF.  Think of your DCSF as your "one thing."

Do you remember this scene from the movie City Slickers?

Curly: Do you know what the secret of life is? (He holds up one finger.) "This."

Mitch: Your finger?

Curly: One thing. Just one thing. You stick to that and the rest don't means.

Mitch: But, what is the "one thing?"

Curly: That's what you have to find out.

Strategic Business Leadership does indeed help you find out your DCSF.

How does your DCSF address the Red Queen syndrome? It provides the beacon to keep coming back to as you evaluate opportunities and make decisions. As Stephen Covey advises, Put First Things First. That is, focus on importance rather than urgency. Your DCSF provides you with the mechanism to focus on what is important. It prevents the tyranny of the urgent.

We'll dig deeper into DCSFs in next week's post.  In the meantime, hold up your finger.  What is YOUR "one thing?"

Read our 19 Reasons You Need a Business Owner Advisory Board

DOWNLOAD

Written by The Alternative Board Worldwide

Related posts

Prepare Employees for the Future of Work
Sep. 3, 2019 | Posted by The Alternative Board Worldwide
No one can say with certainty what the future of work will look like. But many elements are already in place, and employers should think long and hard about how their workplace will evolve as the...
How to be an Effective Manager in a Small Business
Jul. 23, 2019 | Posted by Ronita Mohan
People are what make up a business and managing them is one of the key tasks of any business owner or managerial level employee. Being an effective manager at a small business requires you to...
What's the Difference Between Business Development and Sales?
Jul. 18, 2019 | Posted by The Alternative Board Worldwide
At first glance, there doesn’t appear to be much distinction between business development and sales. Aren’t both activities geared towards generating more profit for the organization? Isn’t a sales...
A Quick Guide to Crafting an Effective Call-to-Action
Jul. 11, 2019 | Posted by The Alternative Board Worldwide
With all the talk about content marketing and direct mail marketing that businesses must try to keep up with, one essential element sometimes gets lost in the mix. Improving click-through rates to...
5 Customer Acquisition Strategies that Spur Growth
Jul. 9, 2019 | Posted by The Alternative Board Worldwide
Maintaining a strong base of existing clients is essential for every business, but acquiring new customers is equally important. Without an influx of new and prospective customers, a business may...
How Direct Mail Marketing Is Changing
Jul. 4, 2019 | Posted by The Alternative Board Worldwide
Is direct mail part of your current marketing strategies? Using tailored messages to attract targeted prospects is a valued marketing tradition. This encompasses a broad range of materials, including...
5 Tips to Effectively Scale Business Growth
Jun. 27, 2019 | Posted by The Alternative Board Worldwide
All businesses need to grow, but at what pace and how quickly should they scale that growth? These questions intrigue (and sometimes torment) business owners, because there’s no single “right” answer...
How to Generate Word-of-Mouth Sales Referrals
Jun. 25, 2019 | Posted by The Alternative Board Worldwide
Think about how you choose to make your purchase. There’s research you do online, or perhaps you’ve bought a product or service from a particular company before, and you’re comfortable doing so...
Create a Customer Satisfaction Survey that Gets Results
Jun. 20, 2019 | Posted by The Alternative Board Worldwide
Crafting a customer survey that gauges satisfaction with your business isn’t as easy as it looks. If the survey is comprised of misleading questions, or comes burdened with too many instructions,...
4 Tips on Creating a “Customer Experience” Strategy
Jun. 6, 2019 | Posted by The Alternative Board Worldwide
In your company, how much thought is given to the quality of interactions between your customers and your business? The experience your customers have when interacting with your brand can make all...