Core Competencies Archives

How Outsourcing Can Help Your Core Business

Your established core competencies are the lifeblood of your business. There can be times that the focus shifts to matters that are a lower priority but still necessary to the success of your business. If you feel overwhelmed and are losing your core focus, look at outsourcing as an option to help boost your business!

Savings in Time and Money

A huge benefit of outsourcing comes from the cost savings. A partner in outsourcing can help with recruiting, HR, or smaller, lower priority company needs. That saving offsets the costs of managing and maintaining teams that are outside of your core functions. By not adding those additional costs, your company can refocus the saved money for other divisions or ideas. Beyond the financial aspects of savings, you also save time. Time previously spent on hiring, managing, or building aspects of your business is now reallocatable. Outsourcing helps your business save money and time to allow you to refocus them on what is needed.

Scalability of Manpower and Services

With outsourcing, you can quickly scale up your business needs depending on the situation. Expanding your businesses to another state? Hiring for an upcoming sales season? Outsourcing can help you with a ton of different conditions that can arise when growing. Not only can you grow, but you can also adjust when your business strategy needs to pivot. The flexibility offered by scalability allows for much more comfortable management of expanding and contracting needs.

Operation Management

If you have a business operation that you feel you lack experience in, consider hiring an expert consultant to help manage your services. Outsourcing management allows you and your partners to focus their ideas on growth rather than day to day management within a company. Learning from an expert on the different aspects of your operations bring new ideas and show you different ways to approach your business. We don’t always have to be a jack of all trades to create a successful business!

Using these tips, you can see just a few of the benefits that come with outsourcing. To learn more about how your company can grow with the help of outsourcing, let Abby on our sales team know. She can be reached at apaisbernath@intellisource.com.

We are excited to create a customized outsourcing solution for your business!

Determining Core Competencies in Your Business

Core Competencies in a business are the backbone of the company. Your values, skills, benefits, and mission are what drive customers and employees to support and champion your cause. Through planning, feedback, and implementation, you can make your company’s core competencies shine through customers and your people.

Finding the Why, What and How Behind Your Company

What is your mission as a company? The why behind what you do is what makes customers care for your services or products. Start by answering questions about what matters most for your company. Why did you want to start this business, and what do you plan to accomplish by building it? What makes you different, and what do you excel at as a company? Asking yourself these questions and establishing your vision, direction, and goals for the company is the first step to developing your core competencies. Brainstorming sessions with your executive team and personal contacts can help you to list everything out and determine which are your core focuses within that list.

Develop Your Company Message

Once you know what your objectives are, your plan for accomplishing them, and your ideas of success, you can start to develop your company message. It should be a concise message crafted around your why, how. It should inspire you and your team and make them feel that this company is somewhere they want to be. The company’s purpose within the message is what creates that feeling. Once crafted, you can test it with your employees to see if it resonates. Remember not to be afraid to change your message if you feel it does not represent the company correctly.

Using Your Developed Core Competencies

Now that you have your message and your core competencies set up for your company, it’s time to use them and grow! Your business is unique, and your skills are equally so. Make sure your core competencies are within every facet of your business and that they adhere to your values and message. Setting SMART goals for implementation can also help you in holding yourself and your people accountable to the core values and competencies.

Remember that it can take months to develop and implement excellent core competencies and values, so try not to rush into the whole process. Take your time, request feedback, iterate, and build something your company and employees support fully!

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