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Strategic techniques to start and manage business

Featured » Strategy
Jun 3 | By Ashish Tiwari | Views: 32 | Comments: 0
Strategic techniques to start and manage business

The secret of mantras >> Managing is about how you manage your life well, it impacts your business and people. 


Ultimately it is the people who manage business of your business, not you.

 

If your energy is in burning in your business, stop what you are doing, calm your mind, and relax. First take an eagle eye of view on your daily work affairs. Something a particular thing what you are doing in your business causes most of the energy burn. Find the misconception, remove the self bias & solve the issue pragmatically.

 

Find out what motivates you in your business life, and empower people involved in your business to help you with execution, bring focus on your business goals and hustle towards shaping your business and people growth.

 

The goal of any business is to increase customer benefits for customers, andgive higher returns to stakeholders. To increase customers benefits, the answers lies in competition benefits.

 

To increase business economy, increase customer satisfaction & reduce the competition. You have to manage internal as well as external cost’s well.

The overall approach has to be performance-&-evolution based business-management with an aim to win & satisfy more-customers, by your organizations internal stakeholders (directors, investors, financing, top management, workforce, reporting process, products, vendors, service, relationship) have to be aligned with your strategic mission. They should perform in perfect-harmony to overcome the external factors (competition/barriers, market, demand, and future).

 

What you need to focus on to make venture profitable is >  a) Offering Value | b)  Unit Economy | c) Competitiveness

 

LIFE > ENERGY > MOTIVATION > INCREASED CUTOMER-BENEFITS > HIGHER CUSTOMER-SATIFACTION WITH LESSER COMPETITION = Approach to business management.

 


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