Small Business Today Magazine - August 2012 Edition

Page 17

benefits.

practice. The same analogy holds true for accountants, engineers, doctors and architects. All are taught professional skills but must absorb along the way the business talents necessary to run their practices.

* Promotions of products and sales. * Good will of the employees. * Prevention and solution of labor problems. * Fostering the good will of communities in which the company has units. * Good will of the stockholders, board of directors, and owners. * Overcoming prejudices.

misconceptions

and

* Good will of suppliers.

Authority figures must be effective disciplinarians. They must also be recognizable role models in order to inspire commitment from their team members. The best leaders are adept at the balancing acts of business priorities. Organizations are collections of individuals, team clusters, operating units, departments, management philosophies

and ideologies. To gauge the company's future direction and avoid roadblocks to success, independent reviews must be conducted. The objective is to benefit from changes, rather than become the victim of them. By spotting trends and recognizing inner strengths of your existing company, you can compete and excel more effectively than without any strategy at all. Hank Moore/Corporate Strategist™ Phone: 713-668-0664 Website: http://www.hankmoore.com Email: hankmoore4218@sbcglobal.net

* Good will of government. * Good will of the rest of your industry. * Attraction of others into the industry. * Ability to attract the best personnel. * Education of the public to the purposes and scope of the product. * Education of the public to a point of view. * Good will of customers (and their friends and colleagues). * Seeing that the industry is properly represented in the curricula of schools and colleges. Assisting educators in teaching about the industry. * Creating public support for legislative proposals that the industry favors or public opposition to legislation that it opposes. * Obtaining public recognition for the social and economic contributions that the industry makes. * Addressing outside interference competition with the industry.

or

* Public understanding of the regulation of the industry by the government, in order to assure equitable treatment. * Consumer understanding of how to use the product. Grounding Factors for Business: Being stable does not mean that an organization stands still. Upholding traditions does not necessarily mean that one vehemently resists change. Being a family run company does not mean that outside stakeholders do not exist. Lawyers go to school to study the law, not how to become a lawyer and run a legal

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SMALL BUSINESS TODAY MAGAZINE AUGUST 2012 | PG 15


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