Search Articles
Hot Videos
Recent Articles
Recent Comments
-
Dare to be Different...
Susan Aldridge - Nov 27 2012 01:55 PM
-
Dare to be Different...
Barry - Nov 27 2012 11:42 AM
-
Dare to be Different...
JoniBetink - Jul 11 2012 07:32 AM
-
39 Tips For Interacting Wit...
bgremovals - Jul 07 2012 07:05 PM
-
Dare to be Different...
bgremovals - Jul 07 2012 06:58 PM
-
Dare to be Different...
jj smeiman - Jul 01 2012 02:36 PM
0
Best management practice and KPI's: Why you need them
Jan 03 2012 02:47 PM |
Business Circuit
in General Business
BM deals with:
- Planning
- Organising
- Directing
- Controlling
The contingency plan should only come into existence if your primary plans (tactical, strategic) do not meet your desired objectives. Upon completion of your business management strategies I personally would move onto Best management practice.
Best management practice is used by many different businesses and is fundamental on your success rate.
As your business grows (Hopefully!) you will need to adapt to changes, a good route I follow is to look how other successful businesses operate and introduce some of their ways of working and “tweak” it a little to suit your business.
Best practice management involves you too:
- Communicate on a clear mission and strategy
- Lead by example
- The setting of targets
- An open communication management style
- Clear and careful planning both tactical, strategic and contingency wise
Below are tools I often use when looking at a business and how they are performing they are:
- Benchmark
- Forecast
- Strategic plans
- Performance monitoring
- Financial objectives
Have a look around your business and is there anything wrong? What can be improved? How is the business performing?
If your answer is nothing can be improved and there is nothing wrong then I’m afraid you’re wrong!! Have a closer look and do some surgery on you and your business, you will find the answers!! There is always room for improvements!
Look and implement the above if you haven’t already done so them I’m sure you’re well on your way to being a very profitable business built on good foundations.
About Lee Turton
Lee Turton is the Managing Director of Mossvalley Management Ltd. After working in the manufacturing industry for over a decade, Lee is an expert in showing businesses how they can make substantial cost savings in production and re-orgainse processes to allow for increase profits.
1 Comments
thanks LEE TURTON..hope we will get more valuable article from you soon.
Best of luck ....