Chris Stern designed tools to prevent strategic business mistakes

In his evolutionary Web Book on http://www.BizIssimple.com, Chris Stern discovers that a smart combination of existing business-risk-management tools can create highly effective means to manage strategic business risk.

RALEIGH, N.C., Jan. 14, 2014 /PRNewswire-iReach/ -- Strategic and business risk can be detected and prevented, and better strategies are possible as a result of these findings, claims business author Chris Stern in the latest chapter of his evolutionary web book on BizIsSimple.Com. "I can just not understand why so many organizations repeatedly make completely avoidable strategic mistakes" states Stern.

(Photo: http://photos.prnewswire.com/prnh/20140114/MN46030)

In chapter eleven on BizIsSimple.Com, Stern discusses in detail the many facets of business risk and provides insight in how to detect and effectively avoid such risks. As in the previous chapters, Stern lays out various methodologies, discusses advantages and disadvantages and then follows up with practical examples on how to use the hands-on tools.

The chapter highlights the two most common strategic mistakes. Mistake one is an overly aggressive roll-out, including ignoring failure-rates of new markets or new products, and the resources required to survive an expansion. Mistake two is underestimating the competitive forces in the market place. Of course in many cases.these risks come combined to a perfect storm.

Stern is very pragmatic when he finds that "The old adage is that if I had known ten years ago what I know today, I could have avoided many of my own mistakes and thus would have been exposed to much less risk. But then again, my learning curve would have been flatter as well. I hope that using the tools provided in this chapter will help people making better business decisions."

The goal of BizIsSimple.com is to look at business administration in an extremely pragmatic way and to help readers find tools they can immediately apply in day-to-day business.

The web book will be an ongoing work. In contrast to paper publications, the author can add and change content based on readers' input or updated knowledge. The new chapter is called "Strategy Compilation" and is available for immediate reading at http://www.bizissimple.com.

Every chapter comes with a downloadable presentation and the author plans to add video sequences in the near future. Until further notice, access to the site is free of charge.

About IFEM

IFEM Management Consultants Inc, doing business as Institute For Efficient Management, is a management-consulting firm delivering integrated business administration solutions for organizations needing to simplify the processes of strategic and business management. IFEM helps its clients design and implement strategic plans that are highly efficient and effective. IFEM's founder Chris Stern is best known for his statement that "business is simple until academics and consultants make it complicated". IFEM serves corporate customers throughout the United States and Europe, and specializes in improving the performance of U.S. subsidiaries of European companies and EU subsidiaries of U.S. companies. Click here to read the IFEM Website and to contact IFEM. To read the web book on bizissimple.com, click here.

Caution Regarding Forward-Looking Statements

This news release contains certain forward-looking statements by the company that involve risks and uncertainties and reflect the company's judgment as of the date of this release. These statements include the expansion of development of IFEM consulting services and the timing of the introduction of new consulting offerings. The forward-looking statements are subject to a number of risks and uncertainties including matters beyond the company's control that could lead to delays in new service introductions and customer acceptance of these news services, and other risks and uncertainties as any small business typically is exposed to. The company disclaims any intent or obligation to update these forward-looking statements beyond the date of this release. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

DISCLAIMER

The web book www.bizissimple.com is an educational business publication and not a factual report. Unless events, persons, or situations are described and quoted based on public knowledge, all events, persons, or descriptions are strictly fictional. Any resemblance to existing companies, people, or situations is unintended and purely coincidental. Citations for third party sources used in this publication are available in the publication, in the accompanying slide shows, or available upon request from the author. The owner of the website and blog on www.bizissimple.com makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information. These terms and conditions of use are subject to change at anytime and without notice.

Copyright 2014 Chris J. Stern, all rights reserved.

Media Contact: Chris Stern, IFEM Management Consultants, Inc., 919 521 8907, info@ifem.com

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SOURCE BizIsSimple.Com



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