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Business Success: Business Tree
Corporate vision plays two
roles
–
directional and motivational.
The most effective visions are
those that inspire, usually asking employees for the best, the most or
the greatest. Keep stretch in your vision, communicate it constantly,
and keep linking the events of today to your vision, underscoring the
relationship between the two.
Winning corporate cultures are
values-based, strategically aligned, adaptive, collaborative,
diversity-friendly, growth-oriented, and customer-focused. The culture
is communicated to employees through the behavior of senior management,
the promotion and reward system, and decision-making mechanisms.
Sustainable competitive
advantage is achieved by continuously developing existing and creating
new resources and capabilities in response to rapidly changing market
conditions. Among these resources and capabilities, knowledge represents
the most important value-creating asset.
The three most critical
factors essential to achieve superior, sustainable results are strategic
focus, organizational alignment, and operating discipline. Leaders are
responsible for building organizational capability. They leverage
diversity, deploy teams, design human resource systems, and make change
happen.
Various business performance
improvement approaches focus on alternative ways to build and run a
company. The concept of “virtuous circles” is one of them. It has all
those contributing to value creation for the customer pulling forcibly
in the same direction. This also means identifying and balancing short-
and long-term goal structures for all stakeholders and changing
management incentive schemes to promote long-term sustainable
performance.
Marketing and selling –
customer value proposition, communicating, advertising, emotional
marketing, influencing people, persuading people, etc. – is all about
perceptions. The essence of
marketing and selling is coming to grips with people's perceptions.
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