Articles tagged with: Strategy
We had advised earlier to Clarify Your Goals in a previous post here. But then temporary clarity using a few smart technology tools is not good enough in these “interesting times”.
Especially when you are in a critical business situation and decisions need to be made among a series of contradictions.
Often, we find ourselves overwhelmed with a large number of exciting options, immense possibilities, conflicting opinions, changing priorities, shifting bottlenecks, fluctuating market scenarios and unpredictable customers!
Test your situation with this TEN-QUESTION-TOOL to re-engineer and transform your situation into a workable strategy and clear-cut plan!
Event: Samsung India (LED and LCD TV) organized a unique workshop on future technology & aesthetics – Technology@Home.
Date: Saturday, Jan 09, 2010. Location: Chocó La in Khan Market, New Delhi.
I remember a German visitor being amused on seeing a lubricant being sold with the byline “superior German technology” at a petrol pump in Delhi! Whenever we see a label like “Made in German” or “Made in China” immediately our mind throws up stereotypes! So, what is YOUR image about the Brand “Korea” and more specifically “Samsung”? Any pre-conceived notions? Do send in your comments! …..contd. (click on “full story” to continue)
How does an entrepreneur GET CLEAR? Really clear about business, customers, profits and the entire spectrum that makes up an entrepreneur’s life.
How CLEAR are you about your business goals, most profitable market segments, long-term strategy, day-to-day business operations and the integration of all these with your life goals?
First thing is to CLARIFY your goal. What do you exactly want out of your business?
Money for comfortable existence? Or, are you on your way to becoming a global tycoon?
Do you wish for a stable business? Or, a growing business? Or, an accelerating business which, perhaps, you can sell soon?
What is the most appropriate growth strategy for your business?
Days Sales Outstanding (DSO) is your company’s average collection period.
The smaller this number, the faster you are in collecting money from clients.
Depending on the nature of your business (for example, number of transactions, customer profiles, and competition), you may choose from a variety of strategies and tactics to reduce your Accounts Receivables Average.