Monday 10 December 2018

Efficient Business strategy

Efficient Business strategy

A company whose management balances their decisions to ensure the business remains both effective and efficient benefits from higher levels of productivity using fewer resources. Implementing efficient business objectives enables a company to achieve effective business goals.

The era of the end of the year is generally busy planning company, set a target of annual work programs / initiatives , the necessary budget and activity plan.

Surely all entrepreneurs or professionals already respond to increased competitiveness and improved quality, also lowered costs to profit, considering the price specified by the customer. If not fortunately, do not sell, right.

Overview to Efficient Business strategy

"Excuse me, this is just my practice. I don't know what answer and business that is effective and efficient it is to my knowledge, the trick is to be fortunate, press charges or expenses, hold fast to the good and true value in achieving it, as well as share to other people, that's about it, but it doesn't work, yeah don't do business, but remember, it If you have things, investors, trustees, if we borrow things, restore, don't try fraudsters in business. Once or twice, the third one. could be perhaps there again is no one who has faith. "

The business of business running efficiently allows us to develop more resources for the development of the company and increase profit.

But if earnings are still dismal, general checkup needs to be done assessing the level of efficiency of business processes.

The first must clear in advance is an important goal that has clear, communicated, and also raises the collaboration of all parties (employees).

We all are the principles we can also apply in business situations, regardless of industry, we run are:

Eliminate communication barriers within the company

The company is structured from top to bottom with one another even compete with one, not create a healthy container to share information.

The network system that allows workers to save and share information. Encourage a culture of "open-door" where ideas and suggestions, and their responses to management and co-workers.
They need to do his job properly.

Go digital

Become a paperless business not only is the size of your company going to love the environment / go green; because it also makes sense financially if we process digitization systems, automated and integrated information flow.

Simply simplify our company, improved the speed when we shared information related jobs and reduced unnecessary costs. For example, simple things, ask the bank, our providers and clients to send statements, invoices and orders electronically, and limit the printing of emails and documents as much as possible. The examples are we don't have to buy to store, but rather simply via online.

Create a strong management program

The analysis of the use of energy and the resources we are currently investigating how we can improve the energy performance of our company. Set goals for more efficient energy use and implement such a plan. Measuring our performance, identifying our accomplishments and our energy re-evaluation programs.

Identification of factors of performance and productivity

For example, the preparation of production and the level of customer satisfaction. Set the target to be achieved in the area, and points to certain employees to take responsibility for achieving that goal. Don't forget, measure and evaluate the results at regular intervals.

Remember the law of Pearson, "that which is measured improves". For example, a manufacturer of chairs is targeting to save the 1,000 seat units and retain customer satisfaction at a high level. To ensure these goals are met, any stock is monitor on a regular basis and customer satisfaction is measure by customer surveys. So that management uses information collect to monitor and measure performance.

Create a plan of handling accidents and disasters

Too fun to focus on the achievement of targets, so it's not to fail the so-called focus. Efficient companies prepare for reacting well when things happen that you don't want. Analyze the potential risk for our company, and then minimize.
Learn about our company most valuable assets; staff, databases, or expensive machines, and have prepared an emergency plan to protect these assets from risks that cannot be profitable, such as natural disasters.

Identify Waste in process chains

Waste-waste include:

  • Waste in the Process. For example: rework, waiting, not utilized people, motion, excessive process.

  • Waste in Place (infrastructure). For example: Transportation: layout that doesn't match process flow, buildings, assets that are not utilize to return (lots of empty spaces, etc.)

  • Waste in the Policy (the policy). For example: inventory, overproduction.

  • Waste in Product. E.g .: Defects, or parts or products that do not benefit customers as well as corporate branding. For example: plastic shopping retailers are super colorful.

Wastage in organizational structure: there are parts that do not support the business process.

For example, the Office of the beast, or even structures impede flow.  The structure of jobs that overlap one section with another section (redundant).

Waste in the Promotion. For example: sales marketing activities that do not add to education. That are consistent on the prospect, or low conversion rate.

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