The Business External Assessment - What's Out There?

When my two oldest boys were small, one of theirthere". That means taking the time to evaluate
favorite games was What's Down There? One ofimportant external factors, things like current
them would crawl into my bed first thing in theeconomic climate, the global competition, other local
morning, and ask: "Dad, what's down there?". I wouldcompetitors, and what customers are buying. Doing a
look at the floor over the edge of the bed andgood job at this assessment will produce considerably
nonchalantly say something like "Oh nothing, exceptmore precision in the goals for your own business.
for the hundreds of black widow spiders (or alligators,Indeed, good investigation will frequently add the
or writhing snakes...), then I would slowly push the kidquality of speed to your goals - knowing which things
toward the edge of the bed. I could always gaugeshould be accomplished now and which can wait until
the enthusiasm of his response by the gruesomenesslater in the year.
of the particular horror dwelling on the floor. MyTo move into world class using your external analysis,
younger son (who still has a vivid imagination) wouldhowever, you have to communicate the importance
fight with considerable vigor, often producingof those externally focused goals. When your staff
uproarious laughter from the other family membersknow which goals are really significant, and see
who happened to be watching. His response wasregular reports on progress toward those significant
directly related to his knowledge of what was downgoals, a sense of vibrancy will arise in your business,
there.and you will see all sorts of good activity that was
The same principle holds true for business. If younever there before. It's worth the effort - give it a
want your business plans to really be effective, youtry!
have to have a good knowledge of "what's out