- A company with 60% chances to double its price by end of year #1 and it belongs to a very competitive domain.
- A company that guarantees to you a minimum of 20% yearly interest on your initial investment for 5 years.
Now you are a company owner, what would be your smartest target?
- Increase your revenues by selling more!
- Increase your end of year net profit
- Ensure your business continuity and almost same yearly profit
Business continuity consists of 3 factors: The customer, The company and The employee. You can easily evaluate your strength of business continuity through answering the following questions that represent the 5 perspectives of every business:
- How do customers see us!? - Customer satisfaction: that consists of quality and excellence of work
- What measures did we take to optimize our processes? - Optimization: That consists of optimizing processes and reducing the overhead.
- What measures did we take to reduce our operating cost?
- What are our latest innovations?
- How do employees see us!? - Employee satisfaction: that consists of rewarding distinguished employees, fairly evaluating their performance based on objective measurements and comparative to their previous accomplishments and provide a satisfying working environment.
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