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Principles-in-Creating-a-Business.pptxcute
- 1.
- 2. The principle ofa business are the driving forces that make it successful.
- 3. Scalability A business mustbe scalable for it to be successful. Scalability is the capability of a company to sustain or improve its performance in terms of profitability or efficiency when its sales volume increases.
- 4. Big Ideas A businessis no more effective than the idea upon which it is built. Business creates its own plan to expand its economic growth.
- 5. Systems A business isa system in which all parts contribute to the success or failure of the whole. In this system, everything must work together from employee to president; from equipment to resources.
- 6. Sustainability A business mustbe dynamic- able to thrive through all economic conditions, in all markets, providing meaningful highly differentiated results to all of its customers. Such differentiation is the key to survival.
- 7. Growth Growth is essentialin business. Without continued growth, operations will stagnate. This can result in lowered standards of quality for products or services, decreased customer service, and poor employee morale.
- 8. Vision A business mustmanifest the higher purpose upon which it was seeded, the vision it was meant to exemplify, the mission it was intended to fulfil.
- 9. Purpose A business isthe fruit of a Higher Aim in the mind of the person who conceived it.
- 10. Autonomy A business isnot part of the owner's life, but is, in fact, its own entity.
- 11. Profitability A business isan economic entity, driving an economic reality, creating an economic certainty for the communities in which it thrives.
- 12. Standards A business createsa standard against which all businesses are measured as either successful, or not.