The strategic business unit (SBU) concept has revolutionized many multiproduct or multiservice businesses. It is a way of thinking that is absolutely vital to business success. It was first developed by the Boston Consulting Group and then used by many Fortune 1000 companies to transform their organizations into more efficient and vastly more profitable companies…. Read more
All great businesses start as small businesses and grow on the basis of 10 vital principles. Fortunately, these principles have been discovered and are all learnable by any entrepreneur, business owner or executive. Here they are:… Read more
There are seven secrets to add value in your job and in the world around you. Any one of these ideas or concepts can be sufficient for you to become financially successful. When you begin to combine these ideas together, you’ll begin to move ahead more rapidly in your financial life than you ever have before…. Read more
The most important discovery about successful people is that they take continuous action in the direction of their goals. They practice what is called in military terms the “continuous offensive.” They are always trying different things, and if they don’t work, they try something else. They are never satisfied, and they are never complacent. They are continually moving forward to generate sales, revenues and cash flow…. Read more
The reason that many people underachieve in their careers is because they do not realize how long it takes to achieve mastery in any field. Extensive research in this area suggests that it requires about five to seven years of hard work for you to move to the top of your field and continued lifelong learning. This means five to seven years of focused, concentrated, determined hard work on yourself to get better and better in the key result areas that are responsible for your personal development. And there are no short cuts…. Read more
There are wonderful creative thinking techniques you can use to get everyone thinking better in your organization. A good brainstorming session allows you to harness the best ideas of everyone to make the company better…. Read more
One of the biggest misconceptions in business is that entrepreneurs are always risk takers. This is simply not true. Successful entrepreneurs are often “risk-avoiders.” They do everything possible to minimize the risks involved in earning the profit, since earning a profit is their central focus and preoccupation. And earning a profit must also be your central focus as well…. Read more
Over the years, exhaustive research has been done on top teams and peak performance. There seem to be given characteristics or qualities of peak performance teams that you can incorporate into your strategy to reach your business goals.
The words “team work” and “team building” are two of the most popular phrases in modern management today. They are often announced as though they are great discoveries that have only become evident as a result of the speed of change in the last decade of the 20th century…. Read more
