Making The Business Effective

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Customer Focus

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20 Terms

1

Customer Focus

Understanding and prioritizing customer needs and preferences is crucial for business success.

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2

Talented and Engaged Employees

Hiring and retaining talented individuals who are aligned with the company's values and goals is essential.

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3

Operational Efficiency

Efficient processes and workflows optimize resource allocation, reduce waste, and enhance productivity.

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4

Innovation and Adaptability

Fostering a culture of innovation and continuous improvement to stay competitive and adaptable to market changes.

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5

Financial Management

Sound financial management practices, including budgeting and forecasting, are critical for financial health and stability.

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6

Effective Communication

Clear and transparent communication fosters trust and alignment within the organization.

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7

Ethical Practices and CSR

Upholding ethical standards and practicing CSR initiatives contribute to long-term business sustainability and positive brand reputation.

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8

Strategic Partnerships and Networks

Building alliances and partnerships can provide access to new markets, resources, and opportunities.

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9

Clear Vision and Goals

A clear vision outlines the future state and aspirations of the organization, while well-defined goals break down the vision into actionable steps.

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10

Specific

It eliminates ambiguity and ensures everyone understands exactly what needs to be achieved.

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11

Strong Leadership

Effective leadership provides direction, inspires employees, and ensures alignment with the organization's vision and values.

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12

Measurable

Means that the objective can be quantified or assessed using specific criteria.

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13

Achievable

It ensures that the goal is challenging yet attainable, motivating individuals or teams to strive for success without feeling overwhelmed.

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14

Relevant

refers to ensuring that your goal matters and aligns with other goals or broader objectives

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15

Time-bound

To set a specific timeframe or deadline for achieving your goal.

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16

Corporate Social Responsibility

What is the meaning of CSR?

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17

Leader

Who set the tone for the company culture, foster innovation, and drive performance through effective decision-making and communication.

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18

Clear Vision

It outlines the future state and aspirations of the organization

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19

Effectiveness

What's the most critical in the world of competitive businesses?

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20

Employees

These are the people who contribute their best efforts to the company.

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