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Robert H. Bloom - The Inside Advantage: The Strategy That Unlocks the Hidden Growth in Your Business

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The Inside Advantage: The Strategy That Unlocks the Hidden Growth in Your Business: summary, description and annotation

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Be the Driving Force Behind Your Companys Growth

Robert H. Bloom has discovered that every enterprise has at least one strategic asset-one existing strength-that can form the foundation for future growth. He calls this an Inside Advantage. This strength usually lies unrecognized in an activity the business is currently performing or in a concept or an idea that the business already owns. Finding this hidden potential and becoming well known for it will grow the business.

This strategy reflects Blooms 45 years of experience in growing businesses and brands of every size and type, including famous companies such as Southwest Airlines, T-Mobile, T.G.I. Fridays, Zales, Nestl, and LOral, as well as not-so-famous B2B firms, not-for-profit organizations, and start-ups.

Now, through his Growth Discovery Process, he is making his strategy available to all people who know their craft but dont know how to craft a growth strategy.

Blooms process is a plain-language path of discovery with only four steps. Whether you are a business leader, a manager, or an entrepreneur, this Growth Discovery Process will enable you to gain a profound insight into the core values of your enterprise. It will guide you to a clear understanding of who your customers are and what your special offerings to those customers should be. Finally, the process will stimulate a host of ideas-what Bloom calls Imaginative Acts-for highlighting your Inside Advantage and making it well known to current and prospective customers.

Doing what youre good at and doing it better than anyone else will create growth. The Inside Advantage will help you capture that magic moment when customers will select your product or service over those of your competitors.

Robert H. Bloom: author's other books


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Praise for The Inside Advantage

Private equity firms like ours live growth every day. With Bobs help our portfolio companies have grown revenues at three times the overall economys growth, creating value the old-fashioned way. The elegant simplicity of The Inside Advantage is what makes it work so well.

Rick Patterson, Partner, Spire Capital

Blooms strategic process helped our nonprofit organization recognize our inside advantages and capitalize on them to better serve the changing needs of New York Citys underserved communities. The Inside Advantage will help any kind of enterprise develop strategies that promote growth from the inside.

Donna Colonna, President and CEO,
Services for the UnderServed

The Inside Advantage may be one of the best and it is certainly the most useful business book I have read. In plainspoken, easy-to-read style, Bob Bloom outlines, step-by-step, his discipline for creating a growth strategy that works. I know it works because he made it work for my company, more than once. This book should be required reading for entrepreneurs, small business owners, brand managers, and anyone else tasked with generating business growth.

James A. Block, Former Chairman,
Block Drug Company, Inc.
(Now part of GlaxoSmithKline)

Bobs growth strategy sessions here at Highline Media gave us a focused sense of what our served market expects from us. He helped us understand how our products fulfill that expectation and how we should be walking the walk and talking the talk. Bobs clearly articulated and well thought out growth process is one of the keys to our success. I firmly believe that The Inside Advantage will benefit any business leader.

Andrew L. Goodenough, President,
Highline Media and National Underwriter,
units of Summit Business Media

Bloom crystallizes your business and takes the mystery out of what it needs to grow. In The Inside Advantage, he demonstrates his unique talent to get to the core of any organization, maximizing existing strengths to focus on what you do best. Bob sees the path to growth for businesses poised for success; this book provides the roadmap.

Peter Stern, President, STRATEGIC
Sports and Entertainment

Bob has contributed to many of Toffler Associates roundtable discussions on the future chaired by Alvin Toffler and weve always found his insights valuable and provocative. The Inside Advantage reflects Bobs extensive business experience and sound strategic thinkingthis book is certain to help businesses all over the world create growth strategies for the future for well into the future.

Tom Johnson, Cofounder, Toffler Associates

If I were asked today by someone who was starting a new business or growing an existing business how he or she could get the best advice about growth, I would recommend The Inside Advantage. Ive known Bob for a long time, worked with him and benefited from his advice. His book is vintage Bloomdirect, simple, and focused on results.

Donald Zale, CEO, Capital Entertainment and Former
Chairman/CEO, Zale Corporation

Copyright 2008 by Robert H Bloom All rights reserved Except as permitted - photo 1

Copyright 2008 by Robert H Bloom All rights reserved Except as permitted - photo 2

Copyright 2008 by Robert H. Bloom. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher.

ISBN: 978-0-07-176257-1
MHID: 0-07-176257-4

The material in this eBook also appears in the print version of this title: ISBN: 978-0-07-149569-1, MHID: 0-07-149569-X.

All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps.

McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. To contact a representative please e-mail us at bulksales@mcgraw-hill.com.

TERMS OF USE

This is a copyrighted work and The McGraw-Hill Companies, Inc. (McGraw-Hill) and its licensors reserve all rights in and to the work. Use of this work is subject to these terms. Except as permitted under the Copyright Act of 1976 and the right to store and retrieve one copy of the work, you may not decompile, disassemble, reverse engineer, reproduce, modify, create derivative works based upon, transmit, distribute, disseminate, sell, publish or sublicense the work or any part of it without McGraw-Hills prior consent. You may use the work for your own noncommercial and personal use; any other use of the work is strictly prohibited. Your right to use the work may be terminated if you fail to comply with these terms.

THE WORK IS PROVIDED AS IS. McGRAW-HILL AND ITS LICENSORS MAKE NO GUARANTEES OR WARRANTIES AS TO THE ACCURACY, ADEQUACY OR COMPLETENESS OF OR RESULTS TO BE OBTAINED FROM USING THE WORK, INCLUDING ANY INFORMATION THAT CAN BE ACCESSED THROUGH THE WORK VIA HYPERLINK OR OTHERWISE, AND EXPRESSLY DISCLAIM ANY WARRANTY, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. McGraw-Hill and its licensors do not warrant or guarantee that the functions contained in the work will meet your requirements or that its operation will be uninterrupted or error free. Neither McGraw-Hill nor its licensors shall be liable to you or anyone else for any inaccuracy, error or omission, regardless of cause, in the work or for any damages resulting therefrom. McGraw-Hill has no responsibility for the content of any information accessed through the work. Under no circumstances shall McGraw-Hill and/or its licensors be liable for any indirect, incidental, special, punitive, consequential or similar damages that result from the use of or inability to use the work, even if any of them has been advised of the possibility of such damages. This limitation of liability shall apply to any claim or cause whatsoever whether such claim or cause arises in contract, tort or otherwise.

CONTENTS
INTRODUCTION
Your Inside Advantage Is the Key to Growth

Grow or die! Every businessperson must understand this stark reality. In todays intensely competitive, technology-driven global marketplace, no enterpriseincluding yourscan be sustained without growth.

In fact, I believe that a flourishing business should double in size every five years. Its an ambitious goal but at the same time a reasonable measure of an aggressively managed firm, firing on all cylinders, on track to reach its full potential.

Although the task may seem daunting, it doesnt have to be. Ive developed an easier and better way to promote healthy growth in a businessa unique approach that stems from my 45-year career as an entrepreneur and a corporate CEO. My way capitalizes on a strategic asset that is already present in the company. You see, its been my experience that every enterprise has at least one underutilized existing strength that can be the centerpiece of a powerful growth strategy. This unexploited strength is often hidden deep inside the firm, waiting to be discovered and put to work. When it is, it becomes your businesss Inside Advantage.

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