Factors to make a famous and respected company
) Physical Resources - Finances, facilities and equipment are the big 3 physical resources. If you do not have enough money, you can not start or sustain an organization. And one of the biggest Expenses Providing adequate facilities and equipment is for People to work in and with. Experienced managers learn có cash flow is king. It does not matter how much customers table owe you, it's khi có Enters money than you can của bank account use it to sustain the organization. Failing to manage cash flow is the No. 1 reason for business failure. Too many business owners leave the money to someone else and can up get blind-sided Easily khi suddenly the money is not there to keep the doors open. And in vài rare, Unfortunate cases, the person tracking the money embezzles or cooks the books, then you really are in trouble. Likewise nice facilities can be energizing, something to feel proud about, but am also very expensive. The economy is always cyclical, and if you buy or lease facilities really nice khi times are good, be paying for extra pounds difficult or impossible in a downturn.
The Key Success Factors Of Business 5
(1) Managing and Developing People - People today want some direction and structure, but am also want freedom and Encouragement chúng to develop skills and knowledge có. Managing People Effectively constraining requires balancing your forces (Providing direction, structure, organization, some rules) with liberating Forces (Encourage personal growth, development and creativity). If you as manager / leader err in one direction too much or the other, Will Be Your organization or too chaotic hoặc too rigid. To make it more complicated, each person has a different set of needs for structure vs. freedom, order vs. opportunity, logic vs. personal values, factual information vs. meaning and connections, and so on. Effective managers do not manage all people the same, except for some basic rules. They manage each person what he or SHE theo needs, what motivates added to best ask for their due. This can be complicated but is essential for success.
In which
đang được dịch, vui lòng đợi..