50 steps to business success1111

7/29/2019 50 Steps to Business Success1111

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50 Steps

to

Business Success



Leaders

leaders must be capable of developing a vision and

articulating it clearly to all stakeholders, both internal and

external

They exude characteristics like courage, determination,

passion to live their vision and articulate the same

through good communication.

Encourages collective wisdom to develop improved

business processes for the future.



Encourages followers to shareresponsibility by offering team solutions

He is the member of a team and sharespower to deliberate future decision.



a Successful Leader.

KNOW YOUR LEADERSHIP STYLE.

KNOW YOUR RISK TOLERANCE.

DEVELOP A CLEAR VISION.

CHOOSE A SOUL MATE.



Fundamentals of a Successful Planning.

Preparation of Annual Business Plans.

Defining mission statements, specific functional goals,

and detailed action plans to achieve those goals.

Setting up goals which are attainable and also

measurable at the same time.

Goal Acceptance.



Contd…

These action plans include Quality control action plan,

Production Action Plan, Marketing and Sales Action

Plan etc.

Leadership Triage must be a continuous process and it

helps identify Weaknesses, goals setting, and take

actions which are agreed — both by individual leadersand together as a team.



• The Concise Oxford Dictionary defines the word

triage as the assignment of degrees of urgency when

deciding the order of treatment of wounded.

• Through a triage process, leaders are able to

determine management priorities, reconfirm

corporate missions, and set measurable and attainable

Leadership Triage



Leadership Triage

• Conduct an Annual Planning Process

• Define Your Corporate Mission

•

Commit Only to Attainable and Measurable Goals• Commit Only to Specific Actions with

Responsibilities and Completion Dates Assigned



Relationship between competence &

success

There is a need for a mechanism to track performance

and encourage employee growth.

Businesses are never static and often undergo significant

change and thus the need for competence. Success in business is dependent upon the competence of

your people.

Identifying the skills necessary for success is a

small part of core competence leadership.



Secrets to Revenue Growth

Sail from General Focus to Specific

Focus Other sources of measuring one’s competitors include

successful advertising strategies, sales force strengths

and weaknesses, product quality, pricing policies, potential new products; and warranty and customer

return policies.

Customers are also a good source of knowledge of competitor product and management problems.



Contd…

Successful leaders never takes customer preference and

market acceptance for granted.

Cultural differences, Product pricing, instincts, market

buying profile etc play a major role in customer behavior.



Process to improvement:

stimulate or stagnate

to Business Success is a fundamental culture of continuous improvement

1. Eliminate major difference betweencompany and customer value

2. Implement comparative strategies tosatisfied customer value

3. Identify Business Processes toimproved

4. Superior customer satisfaction



Eliminate major difference betwee

company and customer value



Implement comparative strategies tosatisfied customer value

Creating competitive strategies is not astatic process. It's continuous.

After competitors have completed their

own process improvements. Advantage is achieved by those who add

the greatest customer value with the leastresources

that is, those who deliver what customerswant, when they want it, at the least cost



Identify Business Processes toimproved



Leadership Powertrain

Traditional organizations : Pushchange

Future organizations : Look for

change1. Prepare leadership plan



Prepare leadership plan



Develop a leadership culture Adopt a code of Ethics

Lead with spirit

50 steps to business success1111

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