By Donald Waters
Do you want to enhance a space of your enterprise abilities? do you want a brief resource of knowledge? every one name includes a hundred and one ways that to profit and increase new talents to make you successful at paintings and at domestic.
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24 THINK STRATEGICALLY You should consider three factors when designing corporate and business strategies: 1. The mission, which gives the overall aims and context for other decisions. 2. The business environment, which includes all factors that affect an organization but which it cannot control, such as: • customers – their expectations and attitudes; • market – size, location and stability; • competitors – the number, ease of entry to the market, their strengths; • technology – currently available and likely developments; • shareholders – their objectives, returns on investment, profit levels; • other stakeholders – their objectives and amount of support; • legal restraints – trade restrictions, liability and employment laws; • political, economic and social conditions – including stability, rate of growth, inflation, etc.
See if your behaviour matches your goals’ (1983). In brief The corporate and business strategies show how your organization can develop a distinctive competence to compete effectively in its environment and achieve its mission. WAY 18 USE A SENSIBLE APPROACH TO STRATEGIC PLANNING You can design strategies in many ways – usually involving a mixture of analysis, reasoning, experience and intuition. One approach looks at the organization’s strengths and weaknesses in relation to its competitors. If most of your competitors are making low quality products, a good strategy is to make the best products available.
When L&M Industries looked at their process for making window frames, they counted 162 separate steps. Of these, 39 involved walking to fetch materials and tools, and another 18 involved 45 101 WAYS TO IMPROVE BUSINESS PERFORMANCE waiting for something to happen. By redesigning the jobs, L&M reduced the amount of movement by 85 per cent and cut the time needed to make each frame by 58 per cent. Such improvements need someone to recognize that changes are needed and then do the planning. This can take time.