The document discusses the importance of change and progress in business, highlighting the reasons why businesses may fail such as market misunderstanding and poor management. It emphasizes the need for an objective business review to identify underperformance causes and evaluate viability and strategy. The content also includes a quote from Ray Dalio about the value of recognizing one's knowledge gaps.

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Nikki
Williams

2. Change is Inevitable
Progress is Optional
Nikki Williams
10 May 2016
www.mlmsolutions.co.uk

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VISION
Change v Progress
• Change – to make different, transform
• Progress – growth or development, advancement in general

4. Why it goes wrong….
• Failure to understand the market
• Inadequate financing
• Poor Management
• No planning
www.mlmsolutions.co.uk © mlm Solutions 4

5. Attitudes to Change
– Recognise the need for change
– No desire for change
– No control over change
– Driver for change.
www.mlmsolutions.co.uk © mlm Solutions 5

6. Business Review
• Objective and independent analysis of the business
– Identifying the reasons for underperformance and the options available
• Looking at funding, products, markets and potential
• Is the business viable?
• Enables you to reassess risk and strategy
www.mlmsolutions.co.uk © mlm Solutions 6

7. • "Success comes from knowing what you don’t know,
more than coming from what you do know.“
• Ray Dalio
•
www.mlmsolutions.co.uk © mlm Solutions 7

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Nikki
Williams Questions?

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