Maintaining a sound strategic focus and still being flexible can be very difficult. A recent global survey of 173 Senior Executives by the economist Intelligence Unit showed the following: 75% of them believed that one of the main advantages of flexibility is to enable a fast response to new business opportunities. It was also clear that companies are not doing enough to make themselves more flexible. The same executives also identified the main disadvantage of flexibility, as the loss of strategic focus. (The Economist Intelligence Unit, 2007) Profits and People helps companies find the balance between a sound strategic focus and flexibility.

In a world that is forever changing, Profits and People offer dynamic solutions to common problems facing the modern organisation and support them to be more flexible.

We have worked in several different countries across different industries and noticed that some cultures allowed for more innovation than others. This not only applies to different countries, but also applies to companies and other organisations. Profits and People will help your organisation to build a framework that encourages innovation.

When countries are ranked based on innovation, Sweden, for instance, is usually on top of the list while Australia tends to be ranked somewhere in the middle. Australia has always been rich in mining resources and high quality agricultural products; so innovation has not been vital. The Swedes, however, have been forced to be innovative; otherwise, they would starve to death. Swedish innovations have created a large number of multinational companies. Companies like Volvo, SAAB, IKEA, Tetra Pak and Ericsson have helped Sweden maintain one of the best standards of living in the world.

The organisation of the future needs to be innovative. To find out how Profits and People can help your organisation to create a culture of innovation, contact us.