“How Am I Doing?”: Five Recurring Questions Every Successful Business Should Ask Itself
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The document discusses 5 recurring questions that every successful business should ask itself. The questions are: 1) Where do we envision our company to be in five years? 2) Are we doing enough to tell the world our company's story? 3) What defines and delineates our company from our competitors? 4) Is our company sufficiently open to new ideas and taking appropriate risks? 5) Do we have the right people in senior management positions?
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“How Am I Doing?”: Five Recurring Questions Every Successful Business Should Ask Itself
- 1. Five Recurring Questions Every Successful Business Should Ask Itself By: Jevin Sackett
- 2. 5) Do We Have The Right People In Senior Management Positions?
- 3. It’s imperative that an organization put in place not only skilled senior management— but the right skilled senior management—to ensure that the executive decisions made daily are in sync with how best to both increase sales, while maintaining a positive workplace environment.
- 4. 4) Is Our Company Sufficiently Open To New Ideas & Taking Appropriate Risks?
- 5. Innovation and complacency are foes, and it’s rare that a company that loses its competitive edge is also a hub of innovation. Successful companies have to be willing to accept the degree of risk that’s inherent with innovation, and introducing new products and services. Thus, it’s important for a company to continually ask itself if it is willing to accept the risk that comes with innovation.
- 6. 3) What defines and delineates our company from our competitors?
- 7. In the Internet age, consumers have more choices—and sources of information regarding those choices—than ever before. To stand out from the vast number of competitors, a business needs to identify what it can offer customers that its competition either can’t, or does not.
- 8. 2) Are We Doing Enough To Tell The World Our Company’s ‘Story’?
- 9. It’s imperative that a company make whatever reasonable efforts it can to proudly tell the world about itself; failure to do so in a fiercely competitive market endangers the company’s future prospects, no matter the quality of its products or services. If you are not making the effort to tell your story than someone else will.
- 10. 1) Where Do We Envision Our Company To Be In Five Years?
- 11. We’ve all heard the expression ‘you can’t get to where you want to go, until you know where you want to be’, and nowhere is this truer than in the corporate journey. Simply having a goal of ‘more success’ isn’t a sufficient vision for a company’s future.