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Acumen in Action #6 / Seeing the Big Picture

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Get your team together! 

 

Lesson outline:  

  1. Activity: Go through the slides

  2. Discussion: Answer the questions

  3. Report: Insights and a team selfie

 

Quest: 

Come up with a growth strategy.

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Goal:

Understand your company’s growth initiatives - how to support them and how to impact them.

Recently, Wyoming’s population grew by a whopping 1%. That's like having the entire town of Maquoketa, Iowa (population 6,083) move to Wyoming. Interestingly enough, California’s population also grew by 1%, but that's like having the entire city of Pittsburgh, Pennsylvania (population 305,841) pack up their bags and move to the west coast.

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When a company grows by 1% it might not seem like a big deal, but remember that the significance of growth depends on the size of the company. For example, for Wal-Mart to grow by just one measly percent, they would have to increase sales by five billion dollars! That's like having every American (including children and babies) walk into Wal-Mart and purchase $16 worth of stuff. That doesn't sound so measly now, does it?

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While investors expect growth, employees are energized by it, customers are attracted to it, and executives are measured by it – it's important to keep growth in perspective and have a clear understanding of what it actually takes grow a company.

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Worksheet:

Print out a worksheet for each team member before you get started.

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