Enhancing Your Business Value...the Climb to the Top - Softcover

Jordan, Mark; Hill, Judson; Walton, Randy

Softcover

ISBN 10: 0971701334 ISBN 13: 9780971701335

Publisher: Decere Pub, 2002

Synopsis

Growth is an ongoing process that occurs in many facets of our lives. There are so many individual factors that go into creating, increasing, and sustaining business value it virtually impossible to list them all. Determining how to prioritize your business efforts is an even greater challenge. The first step is accepting there are always two groups of influences impacting your organization external and internal. External factors include such items as overall economy, labor and raw material supply, political climate, industry cycle, marketplace, and interest rates. Considerable time should be spent understanding and "managing" the impact of these external factors; however, it is beyond the scope of this book to address them extensively. Our energy will be spent addressing the internal factors the areas you can change. This book encourages you to take a top-down view in your strategic planning as you strive to gain maximum benefit from the internal factors. There are three primary, internal Value Pillars that affect business growth: Offering what product or service does your organization provide Competency who are the people involved What infrastructure and information systems are needed for management to make productive decisions Financial what is the revenue and profit potential Can shareholder value goals be met The management team, a key component of the competency pillar, is ultimately the engine that drives the success or failure of any organization. The management team must cast the vision, develop the strategy, and oversee implementation of the plan. Every management team has different skill sets containing natural and learned strengths and weaknesses. Obviously, the more weaknesses that can be overcome, the greater chance for success one has. It is, of course, impossible to address and overcome every weakness. The key is to focus on the ones that have the greatest impact.

Edition details

• Publisher: Decere Pub
• Publication date: 2002
• Language: English
• ISBN 10: 0971701334
• ISBN 13: 9780971701335
• Binding: Paperback
• Number of pages: 188