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Focus — The Key to Business Success

Successful businesses leverage their competitive advantage and remain focused on what they do best. They have a clear vision signifying where the business wants to go, what it wants to achieve, and how it will accomplish it. Capitalizing on core competencies, a business is able to achieve high levels of performance in the marketplace. This can be done either by differentiating their offerings or focusing on a niche segment. When a business is focused, it develops a competitive advantage by... Read on

Balanced Scorecard — A Systematic Approach to Performance Management

Continuous performance evaluation is key to the success of any organization. The measurement of  business performance is not merely based on financial aspects but also greatly depends upon non-financial or intangible elements like information, experience, workforce motivation, adaptability to change, culture, and overall goodwill of the organization. The need for organizations to improve performance by stringent financial discipline while also considering long-range competitive capabilities ... Read on
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