Key Areas of Operation in Successful Businesses
Wednesday, January 14th, 2009Over the past 15 years, I’ve been interested in better understanding which business practices are most important to maintain organizational health and which will result in a higher level of success. In late 2007, I conducted a study among US businesses (across all industries) that identified seven key areas of the operation that were most closely tied to success.
Here is what I learned:
1. Setting and Selling Your Vision
Organizations who have effectively developed a clear core vision or purpose, and, who effectively communicate it to employees, customers and partners, are more likely to experience higher levels of success. These organizations also tie their “vision