For Employers
Strategic Business Advice
For the majority of businesses, growth is the main objective. With that in mind, business decisions are often made based on what would contribute to the company’s continued growth and overall success.
A concrete growth strategy is more than a marketing strategy, it’s a crucial cog in your business machine. Without one, you’re at the mercy of a fickle consumer base and market fluctuations. So, how do you plan to grow?
If you’re unsure about the steps needed to craft an effective growth strategy, we can help with our strategic business advice. With employment law guidance, employers can benefit from effective workforce management and improved employee morale, engagement and performance.
Strategic Business Advice:
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How Loch Law can help
As employer solutions lawyers, we work with organisations of all sizes to provide ongoing employment law advice, representation and strategic risk management guidance.
We also work closely with our HR consultant colleagues to provide a complete people-focused strategic and advisory service for employers.
We can advise you on all aspects of contentious and non-contentious employment law, from the strategic to the everyday, to ensure full compliance with your legal requirements while protecting your commercial interests.
- People management: Expert employment advice to identify and manage the legal risks of organisational changes and senior-level employee exits.
- Dispute management: Guidance on resolving workplace disputes while safeguarding your best interests and complying with relevant legal processes.
- Procedures, policy & documentation: Support with developing and maintaining a compliant and effective HR infrastructure.
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Testimonials
What does organic growth mean for a business?
With organic growth, a company expands through its own operations utilising its own internal resources. This is in contrast to having to seek out external resources to facilitate growth.
An example of organic growth is making production more efficient so you can produce more within a shorter time frame, which leads to increased sales. A perk of utilising organic growth is that it relies on self-sufficiency and avoids taking on debt. Additionally, the increased revenue created from organic growth can help fund more strategic growth methods later on.
What are the benefits of strategic planning?
There are a number of important benefits when it comes to strategic planning.
- Strategic planning helps develop better strategies using a logical, systematic approach.
- It helps in improving the company's overall performance, regardless of the success of a specific strategy.
- It also allows enhanced communication between employers and employees.
- Strategic planning also helps managers and employees show commitment to the organisation’s goals.
- Strategic planning makes organisational goals and objectives genuine, and employees can more readily comprehend the relationship between their performance, the company’s success, and compensation.
Our team will be more than happy to discuss how they can help you with strategic growth advice for your business.
What does strategic growth mean for a business?
Strategic growth involves developing initiatives that will help your business grow long term. An example of strategic growth could be coming up with a new product or developing a market strategy to target a new audience.
Unlike organic growth, these initiatives often require a significant amount of resources and funding. Businesses often take an organic approach first in hopes that their efforts will generate enough capital to invest in future strategic growth initiatives.
