Successful Business Assignment Example | Topics and Well Written Essays - 2500 words

Successful Business - Assignment ExampleUp gradation of systems and software is always an issue and to keep up with the fast pace of the IT industry, upgrading regularly is congenital to keep abreast with competitionTrainingContinuous training for the man periodrs is a must to provide motivation, leadership skills and on commercial enterprise skillsb) Factors captious for successful business / organizations - These factors tin can be grouped under five main critical factorsEmployee managementTraining of staff regularly so that they may update their skills based on the latest technologies availableHiring the right battalion for the right job profile. This is subjective because at times the qualified people have skills to achieve a job that may not have the right place and the mindset. Also transferable skills and number skills are super pertinent for managersThere needs to be uncloudedness in the chain of command and issues between management and staff need to be sorted ta boo as amicably as possible.Infrastructure and investmentsHaving the latest technology and the systems is extremely critical in the age of today. Efficiency of the workers is dependent upon the expertness of the tools that they have been provided and better efficacy at work leads to loyal guests and therefore, lucreRe investments of profits is required to keep up with the changing times and to be able to match quickly to the market changes and trends.LeadershipA visionary leader which has foresight and can aid his managers in forward thinking is a must for a business which has a desire to grow apaceRegular training for the managers is essential for them to learn and imbibe skills like leadershipMarketing of servicesIt is distinguished to market the services to the customer not only through the right medium but too with the right...Their use of = for continuation of speech and the timing was mentioned in brackets. The transcription also used all the ad hoc protocols to be fol lowed like for elongated pronunciation of words etc.Hiring the right people for the right job profile. This is essential because at times the qualified people have skills to achieve a job but may not have the right attitude and the mindset. Also transferable skills and number skills are extremely pertinent for managersHaving the latest technology and the systems is extremely critical in the age of today. Efficiency of the workers is dependent upon the efficacy of the tools that they have been provided and better efficacy at work leads to loyal customers and therefore, profitsSome companies rely on loyalty for customer retention while the new entrants need to build that confidence before they can gain loyal customers. For this one needs to deliver service within budget and time constraints.Lastly, it is essential to understand that it is not enough to provide the best cost to the customer. The need of the hour is to provide the customer with a balanced value - the best service at th e best price.d) Certain guidelines to reduce staff turnover - towering staff turnover can at times become an issue and may become an rampart for an organizatio