11 Pillars of The Financial Strategy
11 pillars of the financial strategy
Here are the main considerations which inspired me in my business of certain activities.
The information derived from the September issue of Manager Magazin in 2007. Authors: Rafal Szczepaniak, how wise and Wieslaw Grzesik, which after analysis of 200 Polish company and after talking with the manager of the pillar 11 in 1500 to determine an effective business strategy. (Full version in Manager Magazine)
Pillar 1: Developing an effective business model to answer the question:
- Where and when and how to appear in corporate earnings and profits
- Does the product / service we provide customers
- Why customers should buy it – for brand, price?
- How does your product?
Pillar 2: Focusing on the core areas of business (to avoid fragmentation)
Pillar 3: Focus on continuous learning needs of the business objectives and create competitive advantage, the response to this need. It’s about understanding the needs: emotional support, how the delivery, maintenance, relationships
Pillar 4: Learning from, actively sold “out” of one of the most important functions within the company – go to the customer.
Pillar 5: Creative Approaches to products, markets and competition. Looking for new areas of business, creating new market niches.
Pillar 6: Personnel policy-oriented development (1) atmosphere of teamwork, (2) people and creating sustainable development (3) motivation permanent crew – three very important factor!
Pillar 7: Operational Efficiency and Implementation. This strategy is good only when it is implemented quickly!
Pillar 8: Maximum lean organization, elimination of redundant processes and costs!
Pillar 9: Orderly and simple organizational structure and decision making. Licensing carefully and clearly. Ensure ongoing communication, the most direct and subtle.
Pillar 10: Minimize the cost of fixed to variable!
Pillar 11: Wise investments based on rational analysis. Bold, but not excessive.