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Building a World-Class Organization through Effective Business Growth Practices

Many organizations move from initiative to initiative in the search for the key to greater competitiveness - strive for greater efficiency, increased profit and so on. Some go on to world-class; many achieve outstanding business results; others continue to search tools and techniques to achieve business success. While businesses grow through a series of evolutionary changes and revolutionary changes, it has become clear that the key to achieving and sustaining high performance is to embed best growth practices into all aspects of the organizations. In order to grow to world-class organization, a company needs to adopt 5 common effective habits used by Inc 500 and Fortune 500 companies.


To support the growth, three things must be present : Effective Organizational Leadership Good leadership pinpoint what will happen, measure performance, feedback, reward and reinforce positive behaviors, Unified Systems and Organization Structures Keep the systems simple (eliminate waste, fight tendency to be redundant and Tracking Market Dynamics It's about measuring growth of revenue, gross margin, profit and cash.

Business leaders need to practice strategic thinking Strategic thinking concentrates on 5 key factors on the Company level and Industry level. At the company level are core competencies and weaknesses and at the industry level are bases and nature of competition, opportunities and threats and key factors for success. in formulating competitive Competitive strategy describes the way in which a company proposes to take the best advantage of the opportunities presented by its market-place strategy Strategy is the pattern or plan that integrates an organization's major goals, policies and action sequences into a cohesive whole and corporate strategy Corporate strategy is the direction and scope of an organization over the long term which matches its resources to its changing environment and in particular its markets so as to meet shreholder expectationsto succeed in an increasing competitive enviroment, shifting global markets and fluctuating monetary conditions. For global and domestic competitiveness, a business must strive to attain local and international recognitions for its products and services, establish affiliations with international organizations of repute, benchmark with the best-in-class for continual improvement and be aggresive in its marketing plans.

The fierce competitive business landscape require an organization to adopt a global perspective in meeting needs and expectations of markets and customer. To meet the objectives, a company must enhance their management practices in organizational management particularly in areas on :

  • Management and Performance Development
  • Business Leadership
  • Human Resource Management
  • Financial Management
  • Market Management - Brand Strategy A brand is a name, term, sign, symbol or design or a combination of them intended to identify the goods or services of one seller and to differentiate them from those of its competitors, Customer Relationship Management (CRM)
  • Product Quality and Process Improvement - Supply Chain Management Supply chain covers the process of planning, implementing and controlling efficiency, cost effective flow and storage costs of raw materials, in process inventory, finished goods and related information from point-of-origin to point-of-consumption for the purpose of conforming to customer requirements, Total Quality Management
  • Adoption of best practices and application of appropriate technologies including Information Technology

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