Moving Beyond Economic Cycles Are Opportunities For Businesses

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Information about Moving Beyond Economic Cycles Are Opportunities For Businesses

Published on January 3, 2011

Author: skollarrock

Source: slideshare.net

Description

Quick outlook on business success and failure.

Moving Beyond: Economic cycles are opportunities for businesses Report by Larry A. Cochran, MBA Cochran Enterprise Consulting Services, Inc © 2011

Table of Content The Employee Billboards Top 5 reasons businesses fail Top 5 fears of businesses owners Top 5 things to avoid during economic down-turns Top 5 excuses managers give for underperforming Top 5 innovations that can help revive your organization

The Employee Billboards

Top 5 reasons businesses fail

Top 5 fears of businesses owners

Top 5 things to avoid during economic down-turns

Top 5 excuses managers give for underperforming

Top 5 innovations that can help revive your organization

The Billboards The Top 20%er’s These employees account for the majority of the companies revenue These are the employees that need to be attracted and retained The Bottom 10%er’s These employees contribute to most of companies waste/loss These need to be engaged, retrained, warned about improvements, or strategically released

The Top 20%er’s

These employees account for the majority of the companies revenue

These are the employees that need to be attracted and retained

The Bottom 10%er’s

These employees contribute to most of companies waste/loss

These need to be engaged, retrained, warned about improvements, or strategically released

The Billboards – (continue) The Middle 70% With good filtering, these employees can be groomed into the top 20% one day These are the ones who will be looked at as either future winners or future losers A well defined human resource strategy could manage losses in human capital and have a positive effect on the companies bottom line

The Middle 70%

With good filtering, these employees can be groomed into the top 20% one day

These are the ones who will be looked at as either future winners or future losers

A well defined human resource strategy could manage losses in human capital and have a positive effect on the companies bottom line

Top 5 Reasons Businesses Fail Wrong motivation or lack thereof Poor internal management Lack of access to capital Poor location/market situation Poor strategic planning and implementation

Wrong motivation or lack thereof

Poor internal management

Lack of access to capital

Poor location/market situation

Poor strategic planning and implementation

Top 5 fears of businesses owner Insufficient technology use Insufficient human resources (small talent pool) Volatile taxation and inflation Too many competitors/ market entry Not enough consumer demand

Insufficient technology use

Insufficient human resources (small talent pool)

Volatile taxation and inflation

Too many competitors/ market entry

Not enough consumer demand

Top 5 things to avoid during economic down-turns Keep your employees motivated and serving your customers well (HR) Keep consumer confidence high about your products and services (Sales/Marketing, IT) Invest in bottom line increasing and innovative technology (R&D, IT) Practice bottom line increasing social responsibility (R&D, Sales, Marketing, HR, IT) Don’t panic during down-turns (Executives)

Keep your employees motivated and serving your customers well (HR)

Keep consumer confidence high about your products and services (Sales/Marketing, IT)

Invest in bottom line increasing and innovative technology (R&D, IT)

Practice bottom line increasing social responsibility (R&D, Sales, Marketing, HR, IT)

Don’t panic during down-turns (Executives)

Top 5 excuses managers give for underperforming “ I am on my up or out anyway” “ I am removed from the hiring process” “ There are too many obstacles in my way” “ I have not had time to been trained for handle these types of employees” “ I am not making that much to deal with this”

“ I am on my up or out anyway”

“ I am removed from the hiring process”

“ There are too many obstacles in my way”

“ I have not had time to been trained for handle these types of employees”

“ I am not making that much to deal with this”

Top 5 innovations that can help revive your organization Focused vision and flexible mission Internet cloud computing/online meeting and document exchanges Companywide email and communication networks (also company intranets) Open door communication throughout all levels (Horizontal management/leadership)

Focused vision and flexible mission

Internet cloud computing/online meeting and document exchanges

Companywide email and communication networks (also company intranets)

Open door communication throughout all levels (Horizontal management/leadership)

Contact: C ochran Enterprise Consulting Services, Inc http://cecsinc.webs.com Larry A. Cochran, MBA http://larrycochran.webs.com

Moving Beyond: Economic cycles are opportunities for businesses Report by Larry A. Cochran, MBA Cochran Enterprise Consulting Services, Inc © 2011

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