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7/29/2019 Bsiness Ppt
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50 Steps To Business Success
Presented by
Vicky Mhatre
Sachin Methree
Parag Nikumbh
Vinod Ray
Darshan Kondalkar
Swapnil Pawar
Samar Pandit
Atit Sukhe
1
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What makes a Leader?
Leaders are born with the qualities to lead
leadership behavior is learned remains a long-
standing debate certain level of intelligence
and personality to lead social behavior, passion.
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These are Five steps of leader Skills :
DEVELOP A CLEAR VISION
LEADERSHIP STYLE
RISK TOLERANCE
SOUL MATE
OBJECTIVES INTO SMALLER GOALS
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Fundamentals of Annual Triage
ANNUAL PLANNING PROCESS : Planning is used in every type
of business and industry, service
or manufacturing, and regardless of size. A business as a ship, triage is
like an automatic ballast system, keeping things running smoothly on the
journey.
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Continue
CORPORATE MISSION; Business plans arecomposed of three pillars: mission statements, specific
Functional goals, and detailed action plans to achieve
those goals. Corporate mission statements depict a
company's raison d’être, its reason for being in business.Typically a four- or five-line general statement of
corporate values or direction, it becomes the corporate
constitution.
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Ludwig Inc.
Functional Planning
Quality control action plan
Production action plan
Marketing sales action plan
Personal action plan
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Product Intuition Is Worth a Thousand
Hours • Continuously Assess Customer Satisfaction
• Appoint a Leader for Customer Satisfaction
• Analyze Competitor Advantages
• Eliminate Company-Created Barriers to
Market
• Establish Customer Service Teams
• Empower Customer Service Teams to Drive
• Customer Satisfaction
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Secrets to Expense Reduction
• Prepare Financial Forecasts Annually
• Compare Actual Performance to Forecasts on
a Monthly Basis• Identify Corrective Actions
• Stretch Your Revenue Goals
• Demand Price Reductions from Vendors
• Identify Expenditures to Eliminate
• Reduce Operational Breakeven
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Barriers to Profitable Growth
• Ensure Action Plans Are Compatible
• Eliminate Products with Poor Profit Contributions
Evolution or Revolution?
•
Analyze Your Readiness for Change• Ensure Each Initiative Has an Agent
• Appoint a Leader of Change
• Prepare Resource Plans to Implement Change
•Ensure Subjects of Change Contribute to
•Implementation
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Prepare Resource Plan to Implement
Change
• Change implementation is introduced as a step withinoverall business
• Change planning becomes accepted practice. The more
normal change Planning becomes, the more it isexpected by those affected - leading to less resistance
with time.
• Including change goals and action plans during annual
triage forces a congruent approach to goal setting.
• Annual business planning, which milestone dates to
monitor progress, provides a natural climate to follow
up implementation.10
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Pillars of Organization Alignment
Successful Change Implementation
The Culture to Support Achievement
Organizational Mission, Stratgies, Goals and
Action Plans
Personal Career Goals
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Drivers of Process improvement
Superior Customer satisfaction
Identify business processes to be improved
Implement Competitive strategies to satisfycustomer values
Eliminate major difference betweencompany & customer values
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To determine whether business processes respect
customer values, leaders must look across silo
boundaries.
To ensure plans are based on customer needs,
each process must be traced through each silo todetermine how well those needs are met, and at
what cost and level of efficiency.
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Leadership
"To get others to come into our ways of thinking, we
must go over to theirs; and it is necessary to follow in order to lead.“
By William Hazlitt
Here Managers were police,
Ensuring employee performance, product quality, and customer service were in
line with both the corporate mission and company goals and action plans..
Here Leaders, with their visions, became the church; managers, with their
ability to govern, became the state.
Less time and energy will be spent controlling and directing.
More time will be spent training, monitoring, and leading. Employees will
be empowered to a greater extent, given guidelines of conduct rather than
strict rules.
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The process of developing a leadership plan requires some soul-
searching.
What vision is required for success?
Are all employees inspired to move annual planning toward the
vision?
Which employees need coaching?Am I properly rewarding people for results I expect of them?
These are just a few of the questions visionaries must ask themselves
each
year. Your answers will provide insight into your leadership
strengths and
weaknesses.
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Leadership Powertrain
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Ethics develop conscience. Conscience encourages appropriate
behavior. Appropriate behavior brings
stakeholder respect. Stakeholder respect supports profitable growth.
Companies without ethics cannot sustain continuous
improvement. They have no way to determine what's right,
wrong, and fair when dealing with customers, employees,
creditors, and shareholders.
Locked in vertical silos and focused on
departmental allegiance, these companies fail to put customer satisfaction ahead of internal politics.
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Spirit, as an element of leadership, plays two important
roles at once. It is the source of the vision, the desire,
and the belief that drive a leader to follow his dreams.
leadership spirit is the confidence and strength that
leaders experience when they apply manageable bites
with patience, consistency, discipline, and ethics.
Implementing revenue and profit improvement goals
demands patience.
Calculating risk of decisions demands patience.
Managing demands patience.
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Personal Pillars Supporting the Spirit of
Successful Leaders
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Leaders who have discipline also know the importance of
consistency.
Leading one successful year's business activity requires discipline, but leading every year successfully — the goal of any good leader
— demands consistency.
Ethical leaders reap their rewards in the form of esteem,
reputation, trust, and, as a result,sustainable business success.
The discipline, the consistency, and the ethics to execute
manageable bites, the proven path to business success.
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Conclusion • To succeed in business today, you need to be flexible and
have good planning and organizational skills. Many
people start a business thinking that they'll turn on their
computers or open their doors and start making money -only to find that making money in a business is much
more difficult than they thought. You can avoid this in
your business ventures by taking your time and planning
out all the necessary steps you need to reach to achievesuccess.
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