Thursday, October 14, 2010

Top 7 Critical Success Factors for Business - Part 4

Week 4 in my series of the Top 7 critical success factors for business brings us to a discussion of how we cannot go it alone.

  1. Plan
  2. Competitive velocity
  3. Customer satisfaction
  4. Network
  5. Technology
  6. Culture
  7. Global thinking
No one can be all things to all people, so use the skills and resources of others to open and unlock growth opportunities and provide support outside of your core business.

Analyse and determine what capabilities (usually non-core) that could probably be provided more efficiently or effectively through strategic alliances in which each alliance partner realises a benefit from working together.

There are many virtual resources that can be tapped into that in years past would have necessitated capital and or human outlay.

Networking requires thinking outside the box and building strong relationships, it does not happen overnight but persistence can reap huge rewards.

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