Tuesday, November 16, 2010

Top 7 Critical Success Factors for Business - Final Part

Last but not least in this 7 part series in the critical success factors for business is an area where many businesses make many mistakes.
  1. Plan
  2. Competitive velocity
  3. Customer satisfaction
  4. Network
  5. Technology
  6. Culture
  7. Global thinking
Technology has shrunk the business world. Businesses of all sizes can now have access to worldwide markets, allowing them to share information, technology and products.

Keeping abreast of global trends can lead to new channel opportunities or ways to compete.

The vast majority of businesses going overseas fail within the first year after spending a lot of money on travel, consultants, market research, trade shows, giving out samples and entertaining potential clients.

The key reason for failure is the inability to understand, accept and fit it into a foreign culture.


Want to expand globally without the mistakes, Ivy Business Consulting can offer expert advice, having had experience in operating global businesses. We can also assist with the preparation and lodgement of grant applications for export marketing funding.

Tuesday, November 2, 2010

Top 7 Critical Success Factors for Business - Part 6

For the second to last week of the series I talk about a subject that many managers wish they could ignore and many have no idea how to manage or change it.
  1. Plan
  2. Competitive velocity
  3. Customer satisfaction
  4. Network
  5. Technology
  6. Culture
  7. Global thinking
Business leaders must create environments that communicate consistently their passion, goals and mission to every individual employee. Nurturing a sense of ownership among your staff is key to attracting and retaining the most talented and qualified people.

Empower staff to innovate and be held accountable and most individuals will focus their strengths for the benefit of the business.

In need of a mentor or motivator? Contact me via www.ivybusinessconsulting.com.au or by return comment.