Tag Archives: Business Development

Using Process Improvement Tools In The Business Development Process

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In a tough economy like today and a market that is full of competition, businesses are always looking out for things to do to improve the bottom line while at the same time giving quality service. Process improvement tools found in Six Sigma methodology are used by all sized companies and in all industries to solve these problems.

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Six Sigma Thrives For Improvement

Six Sigma is a piece of a business development process that finds opportunities for improvement and solutions based on analyzing data. This takes the toughness out of finding solutions which means that change is more likely to bring on positive results. Companies can not gamble on answers that do not improve or make the issue worse than it already is.

After issues have been found and solved, the business development process of Sigma Six is not finished. The philosophy of the method is that procedures can constantly be improved and when the largest opportunity has been solved, it is time to locate the next challenge. Meanwhile, the method keeps measurements about improvements to make sure the problem does not happen again and that all the procedures perform at a high level.

Six Sigma projects are done to aid the improvement of production, lessen the amount of defects that lead to customer dissatisfaction, and not waste time in time and product. Continuing improvement is essential for a company that wants to be competitive in this consumer centered market.

Even though there is more options in process improvement tools, Six sigma is respected and well known to give good results. Companies that want to use this system can send their employees to training in order to become Black Belt Certified or bring in professional trainers. They can also get consulting firms that will head improvement projects and aid with analyzing data.

Management Leadership Skills | Fundamental Qualities Found In Good Leaders

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Do your management leadership skills need improvement? The key way of doing this is understanding the traits and characteristics in good leadership and then establishing what weaknesses you may have your own style and techniques.

  • Strong managers realize that their decisions will not be accepted by all people. It is important not to compromise your decisions especially when you have made choices based on sound fundamental data and information.
  • Management should always question the advice of others. This applies especially in modern organizations where advisers and business development consulting teams are often used. While you may not be able to understand all the technicalities of running a modern organization, you should have good reactions about what suggestions and advice will work, and what will not.
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  • Good managers are always open to feedback. This includes criticism and advice. A good feedback channel allows you to dynamically alter decisions and be well informed about the correct types of decisions and opportunities you can make within the company.
  • Good leaders never lose sight of what the capabilities & staff within the firm which have made it successful. These individuals, as well as capabilities, should always be encouraged and fostered within the company.
  • Strong leaders keep an eye on the day-to-day running of the business as well as long-term planning horizons. Many management leadership skills focus on planning for months or years in advance up then lose sight of some of the day-to-day problems, issues and complexities of running a business. You need to keep an eye on both.
  • Good leaders are always establishing where the next opportunity or threat is going to come from. Staying alert and researching different opportunities at key part of any manager’s role to ensure the ongoing success of your company. Threats can come from economic, political and competitive dangers, all of which can have a negative impact on your company.

The Importance Of Teamwork On Achieving A Goal As A Group

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The business industry has globalized in so many levels that getting in is not the hard part, but it’s making it work once you’ve gotten in that is challenging. Indeed, the business world is very, very tricky. Thanks to unity, equality and anti-discriminatory campaigns, those in the top management have begun to reach out, relate with, adapt to and most importantly, adjust with the employees rank-file and up and their customs, cultures and even beliefs.

Because of this new development in management systems, the probability of employees actually co-existing and working with one another has grown higher. The cliché “no man is an island” has never been given justice as much as this. Looking back to those days where teamwork was not yet much of a shared value, a manager or superior would most often work on his own, not open to the viewpoints and contributions of those much lower in rank. Reality, though, is that even the most brilliant of minds can only go so far as the people around can take him. No single person can truly make a change on his own – the other half of success lies within those who responded to the challenge and those in whom change has been effected. For every success, there has got to be some other people behind or with the hero.

In the smaller picture, yes, success could probably be attained on one’s own, but if we looked at the bigger picture, will success still be attainable? Or will the fire, passion and commitment have faltered? The longer the journey goes, the more tiresome and lonely it becomes if done alone. On the other hand, a journey will always be meaningful and special if along the way, you meet friends, family, and one by one; you take them in under your wing and nurture the relationships you share with them.

Teamwork is more an affective, psychological and social principle than it is physical. Teamwork is not just about a group of individuals gathering together to attain a common goal; it is sharing the same goal, and facing the challenge together to learn, grow and improve with each other along the way.

Hence, regardless of your company’s size and structure, always take team building seriously. The value of teamwork is priceless and the effect it can yield on your employees and on their outputs can spell the difference between your company’s success and failure. Conduct team building programs once or twice a year and allow your employees and supervisors to share a goal and reach for it together.

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