Making busines successfull

Making busines SUCCESSfull

• Nigora Raimova

• Startup Failure Rates

strategic focus

Strategic focus

• The strategic focus aspect of success means that the company’s goals, brand, and actions all move towards a targeted goal. The companies that manage to last in competitive markets are the ones whose leaders define their values and a realistic mission.
• This factor is about sticking to the ultimate business objective and ensuring that every project is an effort towards this. A significant part of the strategic focus is making sure that the target chosen is constructed from the customer’s wants and needs.
• Examples of strategic focus elements include:
• Establishing and sharing core values that align with customers
• Leaders of the business are devoted to upholding the business’ core values
• The overall company mission is pursued through realistic goal-setting

people

• The second ingredient for business success is the personnel that makes up the corporation. A company’s staff is what expands its development, which means it’s crucial to hire a team that’s qualified, dependable, and passionate about performing well.
• Examples of the people elements include:
• Hiring the most qualified applicants based on their skills and experience
• The company’s employees fully understanding their job responsibilities
• Employees are given the chance to provide meaningful input on business decisions

Operations

• For example, the operations of a company that produces jeans likely involve sourcing materials, product creation, and generating sales. The business operations of a pediatrician’s office would be very different.
• For operations to be successful, the functions need to be recorded and have a measurable efficiency to determine if the processes need tweaking over time.
• Examples of the operations elements include:
• Processes focused on providing excellent service to the customer
• All operation efforts being documents and trackable over time
• Procedures being continually evaluated to ensure effectivenes

Marketing acts as the branch between a company and its customers. There are many facets to good marketing, such as targeting the right audience, forming a recognizable brand, and evaluating consumer satisfaction post-purchase.

• Marketing acts as the branch between a company and its customers. There are many facets to good marketing, such as targeting the right audience, forming a recognizable brand, and evaluating consumer satisfaction post-purchase.
• Examples of marketing elements include:
• Defining a target marketing audience for the business
• Expanding the customer base through media communication and advertisements
• Eagerly receiving customer feedback and using it to improve

THANK!

• [e-mail]
• [phone]
• yourcompany.com

• Do you have any questions?

• Please keep this slide for attribution