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Focus on People to Grow Your Business and Prevent Setbacks
As we head into the final days of Q1, we thought we would take the pulse of CEOs and hear what they are focused on. Fahrenheit Advisors talked to several about their outlooks for 2023. While each leader we talked with operates in a different industry, most shared confidence in the months ahead and a similar approach to capitalizing on…Read More -
Use Behavioral Assessments to Attract, Retain and Develop Talent
Behavioral assessments are a hot topic for HR professionals. To start using behavioral assessments in your organization, it would be easy to select a tool that’s readily available, frequently advertised, or popular and buzzy in the marketplace.
But before you spend a significant amount of time and money investing in one, let’s answer some common questions about what they are,…Read More -
9 Free Market Analysis and Competitor Analysis Tools
Pew Research
Quora
Google Trends
Social Searcher
Owler
SimilarWeb
Spyfu
Text2Data
Big Data has transformed the world of business, allowing decision-makers to measure everything about their customers and their staff with the proper competitor analysis tools. But even with this level of information, many companies end up following a doomed strategy. That’s because they're missing the answers to two vital…Read More -
Becoming a CI Analyst: So Your Boss Told You to Do Competitive Intelligence
Competitive intelligence (CI) is a necessary part of forming a business strategy that actually works. The research a team performs on competitors can drive everything from product pricing to trading tactics. CI analysts are the people behind the curtain.
The odd reality is that, while this is a specialized task that requires thoughtful analysis, many times CI is farmed out to…Read More -
CASE STUDY: Fixes to HR Management Function Restore Growth & Employee Confidence
Fahrenheit Advisors' complete overhaul of Tidewater Fleet Supply's HR management functions resolved critical issues and put the firm's growth plans back on track.
Tidewater Fleet Supply (TFS), a regional supplier of heavy truck and equipment parts, trusted an outside company to handle its HR and payroll functions. Unfortunately, that company wasn’t qualified and incorrectly set up benefits, payroll, and other…Read More -
An HR Assessment Protects Your Business From Compliance Issues
You and your team have worked hard for your business’s success. Don’t let a compliance or HR-related misstep derail your hard work.
A comprehensive HR Assessment offers peace of mind that your human capital functions are competitive and compliant. Running an assessment is important because it helps your business mitigate risks and possible penalties, and it helps establish new best…Read More -
Protect Your Organization From Internal Investigation Missteps
Workplace misbehavior, such as discrimination, harassment, theft, and more, can trigger an investigation. Handling it internally, however, can risk costly mistakes.
In-house investigators and counsel always have a stake in the outcome, which increases the chance of investigator bias allegations, communication breakdowns, missed investigative steps, and broken confidentiality.
Our investigations team at Fahrenheit Advisors protects employers and their legal…Read More -
Using Crunchbase for Competitor Analysis
Gaining a competitive advantage is not possible without first analyzing your competitors. As you glean big data, it can become a resource by which a company refines their business strategy.. All of the smartest moves, sharpest pivots and most market-responsive acts are steeped in competitor analysis. The benefits are obvious; the process is not always easy.
The internet has, in…Read More -
Types of Market Research: Qualitative vs. Quantitative
Qualitative techniques tend to be used early in the research process. They enable researchers to identify common ideas, needs, and concepts that merit further exploration.
Quantitative techniques are used to prove or disprove the hypotheses generated by qualitative techniques. Quantitative research adopts various primary research techniques to produce vast quantities of data.
The two approaches complement each other well, and…Read More -
CASE STUDY: Global Manufacturer’s Strategic Pivot to Be Competitive
Fahrenheit Advisors’ Peter Grimm, a business strategy consultant and disruption planning expert, worked with a global manufacturer of heavy-engineered equipment to pivot it strategically from a historical product focus to a more customer-centric approach.
A global manufacturer of heavy-engineered equipment had long relied on the superiority of its products and strategic acquisitions to drive growth. Faced with increased competition from…Read More -
Using Michael Porter’s Competitive Strategies In Your Business
Porter’s competitive strategies offer organizations of all shapes and sizes a valuable roadmap towards success. By basing the core elements of their competitive strategy on one of Porter’s approaches, organizations can take their first steps toward building a sustainable competitive advantage. Over time, these competitive advantages help organizations to outperform their competitors, translating to continued growth and superior financial returns.…Read More -
New Expertise Helps Fahrenheit Clients With Business Disruption Preparedness
No business or industry is insulated from disruption caused by technology advancements, workforce transitions, talent shortages, and other fast-moving trends. With the right planning, however, business leaders can anticipate disruption, avoid surprises, and seize opportunities.
Fahrenheit recently welcomed Peter Grimm and Jennifer Buchwald to help clients capitalize on change with:
Sophisticated strategic planning anchored by comprehensive market and competitive intelligence…Read More