50 Steps To Business Success

Presented by Vicky Mhatre Sachin Methree Parag Nikumbh Vinod Ray Darshan Kondalkar Swapnil Pawar Samar Pandit Atit Sukhe
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What makes a Leader?

Leaders are born with the qualities to lead leadership behavior is learned remains a longstanding debate certain level of intelligence and personality to lead social behavior, passion.

These are Five steps of leader Skills :

DEVELOP A CLEAR VISION LEADERSHIP STYLE RISK TOLERANCE SOUL MATE OBJECTIVES INTO SMALLER GOALS

Fundamentals of Annual Triage

ANNUAL PLANNING PROCESS : Planning is used in every type of business and industry, service or manufacturing, and regardless of size. A business as a ship, triage is like an automatic ballast system, keeping things running smoothly on the journey.

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CORPORATE MISSION; Business plans are composed of three pillars: mission statements, specific Functional goals, and detailed action plans to achieve those goals. Corporate mission statements depict a company's raison dtre, its reason for being in business. Typically a four- or five-line general statement of corporate values or direction, it becomes the corporate constitution.

Ludwig Inc. Functional Planning

Quality control action plan

Production action plan

Marketing sales action plan

Personal action plan

Product Intuition Is Worth a Thousand Hours

Continuously Assess Customer Satisfaction Appoint a Leader for Customer Satisfaction Analyze Competitor Advantages Eliminate Company-Created Barriers to Market Establish Customer Service Teams Empower Customer Service Teams to Drive Customer Satisfaction

Secrets to Expense Reduction

Prepare Financial Forecasts Annually Compare Actual Performance to Forecasts on a Monthly Basis Identify Corrective Actions Stretch Your Revenue Goals Demand Price Reductions from Vendors Identify Expenditures to Eliminate Reduce Operational Breakeven

Barriers to Profitable Growth Ensure Action Plans Are Compatible Eliminate Products with Poor Profit Contributions Evolution or Revolution? Analyze Your Readiness for Change Ensure Each Initiative Has an Agent Appoint a Leader of Change Prepare Resource Plans to Implement Change Ensure Subjects of Change Contribute to Implementation

Prepare Resource Plan to Implement Change

Change implementation is introduced as a step within overall business Change planning becomes accepted practice. The more normal change Planning becomes, the more it is expected by those affected - leading to less resistance with time. Including change goals and action plans during annual triage forces a congruent approach to goal setting. Annual business planning, which milestone dates to monitor progress, provides a natural climate to follow up implementation.
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Pillars of Organization Alignment

Successful Change Implementation The Culture to Support Achievement

Organizational Mission, Stratgies, Goals and Action Plans

Personal Career Goals
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Drivers of Process improvement

Superior Customer satisfaction

Identify business processes to be improved

Implement Competitive strategies to satisfy customer values Eliminate major difference between company & customer values

To determine whether business processes respect customer values, leaders must look across silo boundaries.
To ensure plans are based on customer needs, each process must be traced through each silo to determine how well those needs are met, and at what cost and level of efficiency.

Leadership
"To get others to come into our ways of thinking, we must go over to theirs; and it is necessary to follow in order to lead.

By William Hazlitt
Here Managers were police, Ensuring employee performance, product quality, and customer service were in line with both the corporate mission and company goals and action plans.. Here Leaders, with their visions, became the church; managers, with their ability to govern, became the state.

Less time and energy will be spent controlling and directing. More time will be spent training, monitoring, and leading. Employees will be empowered to a greater extent, given guidelines of conduct rather than strict rules.

 The process of developing a leadership plan requires some soulsearching.

What vision is required for success? Are all employees inspired to move annual planning toward the vision? Which employees need coaching? Am I properly rewarding people for results I expect of them?
These are just a few of the questions visionaries must ask themselves each year. Your answers will provide insight into your leadership strengths and weaknesses.

Leadership Powertrain

 Ethics develop conscience. Conscience encourages appropriate behavior. Appropriate behavior brings stakeholder respect. Stakeholder respect supports profitable growth. Companies without ethics cannot sustain continuous improvement. They have no way to determine what's right, wrong, and fair when dealing with customers, employees, creditors, and shareholders.
Locked in vertical silos and focused on departmental allegiance, these companies fail to put customer satisfaction ahead of internal politics.

 Spirit, as an element of leadership, plays two important roles at once. It is the source of the vision, the desire, and the belief that drive a leader to follow his dreams.
leadership spirit is the confidence and strength that leaders experience when they apply manageable bites with patience, consistency, discipline, and ethics. Implementing revenue and profit improvement goals demands patience. Calculating risk of decisions demands patience. Managing demands patience.

Personal Pillars Supporting the Spirit of Successful Leaders

 Leaders who have discipline also know the importance of consistency. Leading one successful year's business activity requires discipline, but leading every year successfully the goal of any good leader demands consistency.
Ethical leaders reap their rewards in the form of esteem, reputation, trust, and, as a result, sustainable business success. The discipline, the consistency, and the ethics to execute manageable bites, the proven path to business success.

Conclusion
To succeed in business today, you need to be flexible and have good planning and organizational skills. Many people start a business thinking that they'll turn on their computers or open their doors and start making money only to find that making money in a business is much more difficult than they thought. You can avoid this in your business ventures by taking your time and planning out all the necessary steps you need to reach to achieve success.

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