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For any business to successfully deliver its full potential it needs to establish a clear vision and then have all the essential building blocks in place to achieve that.
"To be effective a business needs to establish clear Vision, Strategy and Goals and once established these need to be affectively communicated to all members of the team. There then needs to be an assessment and evaluation to ensure understanding. Why is this element of the planning process so important? In the absence of this people have no clarity of purpose and this is a key to effective motivation .
There are serious downsides for the business if you as the owner have failed to share your vision and goals. The ambitious members of the team will seek to establish their own vision And then base their actions on achieving that . This can be good or bad depending on the alignment of of these members of the team and your goals. In reality however your team could be pulling in many different directions . aif the remainder of your team are not so highly motivated they could simply be going through the motions".
Creating Value
Key components of a successful and valuable business include:
Plan
- This covers the suite of tools cascading down from your vision through to individual actions
Product
- Both physical and services, current and future, pricing, markets and competition.
People
- Requires the best people, qualified, trained and motivated,
Process
- How you deliver and referes to every activity in the business.
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