As mentioned on
our previous article massage practices in Brighton luck a certain creativity
that would have in the long run
enabled them to establish Brighton as one of the key places in South East for
massage treatments.
The most effective type of creativity in business is focused creativity in other words an insightful approach that is based on concrete evidence and data. Creativity will then act as a lever for differentiating ones’ business from the competition.
Massage in Brighton |
The most effective type of creativity in business is focused creativity in other words an insightful approach that is based on concrete evidence and data. Creativity will then act as a lever for differentiating ones’ business from the competition.
Differentiating
ones business/practice
requires a fundamental understanding of the following elements, becoming aware of these elements and how they interact
with each other provides a solid base for devising a business strategy:
- Operating environment – this can be defined as the environment a practice is operating in, in other words the city of Brighton in terms of the local economy, infrastructure and relevant government policies
- Customers – understanding of customer segments and behavioral pattern
- Competition –analyzing competition and their capabilities
- Suppliers – every business has a key set of suppliers from the company that supplies massage oils to therapists that might work for the practice, these are all considered supplies that a practice requires in order to operate effectively.
- Resources – this type of analysis concentrates on the type of resources ( tech capabilities, staff, processes, managerial now-how etc ) that a business might have at its disposal.
There are
various tools that can
assist even the untrained to structure this type of research such as a Porter’s
5 Forces model and SWAT analysis.
Obtaining the data to plug in into these tools might be harder to obtain but its
well worth the effort as it can lead to insights that will ensure your business
reaches the Holy Grail that every business out there is seeking consciously or
unconsciously and that is a sustainable competitive advantage ( SCA) against
ones’ competition.
Spa in Brighton |
To phrase it
slightly differently, a SCA is what you can do as a business that nobody else ( at a particular
cost and quality) in your
market can emulate. This type of advantage is what giants are build on like Microsoft, Apple, Coca Cola American Express and other great brands.
Once a good understanding of the above elements
has been obtained then it’s time to mix it up. Use a SWOT analysis to categorize your findings. The SWOT analysis
will provide the strengths of the business that you need to invest
further, the weaknesses that you need to handle in order to avoid risks, the opportunities that you need to take
advantage of and the threats that you need to remediate immediately.
A very good example of the above is a
business that identifies the qualifications of its therapists are superior to
its competitors so it pays extra attention in making customers aware of it as
that is considered a strength/advantage, on the other hand a weakness can be the
lack of a web presence which requires attention
as its a certain weakness when taking into account consumer behavior and
trends. An opportunity can be in the form of training and expanding the repertoire
of treatments offered and a threat can be the lack of insurance for the
treatments offered.
Beauty in Brighton |
Join us on our third installment were we discuss
how to match your business capabilities and resources with the operating
environment and build sustainable competitive advantage in the massage treatments market.
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