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 share responsibility by offering team solutions

He is the member of a team and shares power 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 leaders and together as a team.

Leadership Triage

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

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 ones 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

Eliminate major difference between company and customer value 2. Implement comparative strategies to satisfied customer value 3. Identify Business Processes to improved 4. Superior customer satisfaction
1.

Eliminate major difference between company and customer value

Implement comparative strategies to satisfied customer value

Creating competitive strategies is not a static 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 least resources that is, those who deliver what customers want, when they want it, at the least cost

Identify Business Processes to improved

Leadership Powertrain
Traditional organizations : Push change Future organizations : Look for change 1. Prepare leadership plan

Prepare leadership plan

Prepare leadership plan

Develop a leadership culture

Adopt a code of Ethics Lead with spirit