Starting a business is a massive step for anyone. Identifying how to sustain and grow that business can, however, be a far more daunting challenge. No matter what stage your business is at, one of the most significant hurdles is often quite simply knowing what to do next.
Every entrepreneur faces a wide range of threats and opportunities when managing their businesses. Some of these challenges might be predictable. As we’ve all just been reminded, though, it’s the ones we didn’t expect that can make or break us.
As a business leader, your ability to find and adopt solutions to these challenges is key to everyone’s success. It’s your decisions, your choices, that will help guide your company on its path. The fact is, each one of those decisions will only be as good as the information you have to support them.
For most of us, it’s not a lack of information that’s the problem. Instead, it’s focussing on the right information, the right advice, at the right time, to give you the confidence you need. That is where the importance of business intelligence really comes into play.
Founded by Phillip Bouwman and Craig Armour, the Xcepcion team saw an opportunity to rethink the role of business intelligence systems, especially for SME’s.
“What we recognised was that many of the things business leaders focus on were unlikely to have a significant impact on their businesses performance. So we needed a way to focus our attention on the important stuff, the challenges and opportunities more likely to bring success.”
The issue is potentially quite significant. Recent work has suggested that between 70% and 90% of new business ideas will fail to deliver. A ratio the Xcepcion team quite ambitiously hope to reverse.
Rather than focussing on yet another business intelligence suite, the Xcepcion team set to work on developing a systematic approach to the problem. They’ve come to call the problem Management Intelligence; helping managers make better choices about their business.
The path the Xcepcion team has taken is perhaps different to what you might expect. Taking a concept known as the capability view of the firm, they developed a framework to rapidly assess the performance of nearly any business. The whole process can take as little as 30 mins.
“There may be about seven years of research and development behind this. We’ve been exploring the leading edges of risk and management science for a long time before it all started to fall into place.”
Harnessing a unique, AI-powered, expert augmentation platform, the Xcepcion system is designed to support rather than replace the role of managers and consultants. The system builds a model of your business based on four primary and eight secondary drivers known to influence the performance of every enterprise. Thus, helping you quickly identify and assess the capability impacts of your business.
What is produced is a unique fingerprint of your enterprise. Key strengths and challenges are matched to expert-derived recommendations tailored for your business. The end game is to help clarify the best direction for the future expansion of your business, creating better odds for success.
As our collective access to knowledge and information increases, finding that unique insight or edge will become increasingly difficult. As a result, strategic business and management intelligence will likely become a critical capability for every business. Platforms and services like the Xcepcion system may be vital in supporting that capability.
For a comprehensive understanding of the health of your business, contact Xcepcion today and discuss how they can add value to your business and your customers.
