Steps for Successful Business Essay Example | Topics and Well Written Essays - 1500 words

Steps for Successful Business - Essay Example An SQM can provide the business profits in term of customers’ satisfaction but combining it with employee retention through; provision of continuous communication and guidance for the employees, childcare provision, and flexibility of work can guarantee loyalty, motivation and high productivity by the employees. The higher the motivation and trust, the better results will the organization have to show. The bibliography in this paper presents and summarizes a number of articles and their findings regarding workplace management and employee satisfaction factors. The authors emphasize the implementation of a successful Quality Management System (QMS) for a business by written and controlled procedures. They believe that a QMS prevents failures involving the supply chain, the brand, and customers since it forms a basis for major company audits. As management professionals, they propose using these four main concepts in the development of an effective QMS, in the order in which they suggest. They consider statistical tools to be first, like a flow chart or a process map, as it is vital in providing information on the path a product follows from the manufacturing stage onwards. This becomes a control plan after its approval by quality assurance department. Secondly, they propose using a Failure Modes and Effects Analysis (FMEA), is an advanced stage of product quality planning, which helps in identifying possible failures, and an FMEA team may oversee the process. Systems validation protocols work to eliminate defects and lower the level of vari ation in the process of manufacturing. Finally, current good manufacturing practices (cGMP) is necessary for manufacturing companies to ensure their products meet the market requirements, as this will develop their product identity and quality. Therefore, companies must develop and sustain a cGMP.  

Advice Before You Sell Your Website :: Sell Websites Buy Websites

Advice Before You Sell Your Website Reprinted with permission of VotanWeb.com Only 27% of all websites that are put on the market are sold. This is a shocking statistic to most people trying to sell a website. If you follow the tips below your chances of selling dramatically increases. Have All Records Ready Before You Attempt to Sell Have these items ready before the website goes on the market to be sold: The last 3 years of federal tax returns for the website being sold, the last 3 years of financials (profit & loss statement, balance sheet), the last 3 years of monthly bank statements, etc - many parties during the selling process will need this info - serious website buyers, lenders who will provide financing for the buyer, as well as others. Also make sure you know what the correct Adjusted Net income has been for the last 3 years. Serious website buyers will want to know this. Adjusted Net income is: Net Income + Owners Salary + Depreciation + Interest Expenses + Other Website Expenses Deducted (that may not be website expenses to the new owner of the website). Have a Professional Website Valuation Performed Getting a 3rd party professional website appraisal/valuation is important and critical for the process. Most websites put on the market NEVER SELL usually due to too high of a price placed on the website being sold. Getting a professional 3rd party valuation is well worth the expense and will be utilized by many parties during the selling process: possible website buyers, financing companies for the buyer, and others. Keep a Sale Transaction Folder Keep a folder of all contacts, notes, and paperwork for your website for sale transaction. Keep a log of all buyers who contact you - get their phone numbers, email address and keep notes about them. You want to make sure you have backup buyers in case your first choice drops out during the negotiation process. Keep all escrow info, purchase agreements, signed non-disclosure and confidentiality forms, contact phones of CPA’s, attorneys, etc. and other pertinent data/info in this folder. Write Up a Comprehensive Summary of The Website Buyers are going to need to know many details about the website being sold. Instead of having to explain repetitively to many buyers about the website, and possible forgetting many important details, make a summary of the website being sold. Include: History of the website, date established, important attributes

Svenska Handelsbanken Case Analysis

1. Answer to case â€Å"Svenska Handelsbanken† No t e b o o k: Cre at e d : 5. Org Control 2012-05-08 10:45 Up d at e d : 2012-05-08 23:31 1. Using the 7S-model, describe what are the elements and the linkages in Svenska Handelsbanken. Which one of the 7 components is vital? Provide arguments for each of your descriptions, and not mere conclusions. 7 S model consists of 7 elements which are Strategy,Structure, System, Shared Value, Style, Staff, Skills. Applying 7S model to Handelsbanken : Strategy : cost-efficiency => â€Å"low cost† competition. doing safe investment, avoiding speculation. risk control) international expansion. differentiate with customized service/products, targeting for those â€Å"picky† customer concerning about quality of service. use â€Å"network effect† for marketing. (use word of mouth to market their products). focus on small / middle sized customers. open branches close to those giant corporates. provide financial support to N ordic companies who expand internationally. Structure: Handesbanken is a typical decentralized (in term of division/geography) company, which consists of many autonomous branches. Those autonomous branches have large amount of control and responsiblity. lat management : The only layers between branches and CEO is a group of 11 regional manager. therefore the hierarchy of whole company is very flat. (add CFO or something else †¦. ) System : there is no top-down goal setting and annual budgeting. branches compete with each other in term of RoE => league table HRM system => incentive system, employee holdings (Trust company). (put into System or Staff or Share Value, ) Risk control bottom-up product development process. cost management system (both committee and branch manager), Shared Value: (culture) core : customer-oriented. need better wording ) culture of thrift. senor of ownership => from employee level to branch level. people recognition innovation growing people ( ) Au tonomous (structure ) Style : long term orientated customer focused style. (preservative) responsive to customer request. empowerment (share value or style ) Staff : recruit people who has inner drive, self-starting, committed to service. entrepreneurship for the branch manager extrovert/open/out-going Skills: with considerable banking experience. entrepreneurship skill is a must for branch manager. ross-selling skills which one is vital ? (provide evidence) shared value is vital. because it is the internal driver for other six. candidates : strategy, staff, structure. 2. What are the Critical Success Factors (CSFs) for the Handelsbanken’s decentralization approach? Provide arguments WHY these are key – base your answer on examples and arguments from your group's own business and work experiences and not on ‘copy & paste' from other sources. People =; entrepreneur. (Christian) responsibility of control cost/earning profit/risk management, down to individuals. l ocal resources and market.Customer-orientation (Christian, to provide live example) Autonomy (elaine, to provide live example from her own company to support this point). 3. What does this tell us about the key sources for success of ANY decentralized business? empowerment/autonomy (control & responsibility down to branch) foster the competition among decentralized units. use KPI to closely monitor the performance of decentralized units. Shared value amongst all branches. systematic support from head office for all units. ( ) 4. What are the challenges that Lars Kahnlund faces in this particular organization, in his efforts to drive change and accelerate growth? alance the culture of autonomy and directive approach. =; branch has strong motivation to control its own product and service. =; from perspective of entire company, new competitive products may be also needed. really hard to control the decentralized unit, because there are so many branches out there and structure is so fla t. how would he get his strategy executed effectively and efficiently ? how can we keep them in order ? too many culture in different areas, so he needs to take care culture conflicts. resistance from employees is expected. (elaborate on this later, including the perservative culture)

Six Inspirational Nonfiction Books