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Business Success: 6Ws of Sustainable Corporate Growth
Start a business when you
have a passion for something and want to create something that you
can be proud of. Inspire your people with a clear vision. Define
shared values and let values rule. Build your distinctive corporate
capabilities to achieve competitive advantage.
Finding the right balance
in your business will help you refine your goals and hasten you
towards them. Organizations prosper by achieving strategy through
balancing the four major factors or perspectives: Financial;
Customer; Process; and Growth.
Strategic management, enterprise strategies, business
strategies.
Timing is everything. You
have to know not only how to make a move, but when. “The value of
actions lies in their timing,” said Lao Tzu. Customer value derives
from timely delivery. Change is unavoidable, but if you can
anticipate it and understand business cycles, you can ride with
change instead of being run over.
"In the end, all
management can be reduced to three words: people, product, and
profits. People come first," said Lee Iacocca Your corporate vision
is worthless, strategies powerless and shared values are corrupt
without the right people to execute.
Manage processes, not
people. Focus not on what they do, but on how they do it. Establish
a synergistic enterprise-wide and an end-to-end (cross-departmental,
and often, cross-company) coordination of work activities that
create and deliver ultimate value to customers.
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