Mind mapping is used in various formats It is also known as brainstorming, visual thinking or vision boards, problem-solving or concept mapping. The conceptual mind map applies to all business. The categories will change to suit the individual businesses but the concept remains constant. Key categories are similar within each business but with variations to suit the individual businesses. During the formation of this document, the impact of each element on other categories will be clearly identified. IE: When a retailer’s sales exceed expectations this impacts on stock levels, profitability, payment terms, cash flow, admin, technology. Identification of these elements enables you to take appropriate action to minimise the impact on the business.
Every time we make a change to a specific element will have a flow-on effect on at least one other part of your business. When making any business decision the impact this has on the other parts of the business must be considered.
Businesses will remain successful and grow if they stay focused on the big picture. Through the preparation of the mind map, we remain focused on our end goals and not allow ourselves to be sidetracked with all the “noise” that we are surrounded by today.