Putting A Price On Customer Loyalty !!!

Health Management

Business Strategy

                                     A good business plan is just the starting point and can soon become outdated. However falling behind in a tough environment, making poor investment decisions or focusing on the wrong product or service could mean a long term disadvantage or even a shake out of the race.

    The automotive and energy sectors are on the verge of a new area, the green age, where the future is increasingly being shaped by environmental legislation and other issues such as demographic disparity, emerging market economic growth and changing customer behaviour. Existing business models are further complicated by competition from lower cost developing markets, industry deregulation and technology convergence, and must be re-assessed on an ongoing basis. More important than ever companies need to wisely put their assets to use to successfully compete in today’s tough market conditions.

What factors are involved in creating a good business plan? Is it the length of the plan? The information it covers? How well it’s written, or the brilliance of its strategy. No.

The following illustration shows a business plan as part of a process. You can think about the good or bad of a plan as the plan itself, measuring its value by its contents. There are some qualities in a plan that make it more likely to create results, and these are important. However, it is even better to see the plan as part of the whole process of results, because even a great plan is wasted if nobody follows it.

                 

How to Create a Personal Blog

                        Blogging has become one of the more popular pastimes on the internet. Some people blog for money, others blog about current events, and others blog for humor. The list goes on. Increasingly, bloggers are use weblogs as a personal journal, preferring to keep it out of the spotlight. If you're someone who wants to start a personal blog, it's really quite easy.

The first thing you need to do is pick a blog topic. Is there anything you enjoy or are really passionate about? If there is, then start a blog about it. When I started my first blog, I was really interested in smartphones and new tech gadgets, so I picked that topic. It makes no sense to start a blog about something you have no interest in, while it’s much easier to write articles and posts about topics that you’re passionate about.

It’s even better when you have been interested in a specific field or an industry for a long time, because you are already an expert. However, if you don’t have any idea which topic or niche you want to write about, think about your hobbies or just start blogging about your daily activities, memorable moments or simply about everything.

Operations Strategy

Operations strategy

Companies and organizations making products and delivering, be it for profit or not for profit rely on a handful of processes to get their products manufactured properly and delivered on time. Each of the process acts as an operation for the company. To the company this is essential. That is why managers find operations management more appealing. We begin this section by looking at what operations actually are. Operations strategy is to provide an overall direction that serves the framework for carrying out all the organization’s functions.

Understanding operations

Have you ever imagined a car without a gear or the steering wheel? Whilst, what remains of an utmost importance to you is to drive the locomotive from one location to another for whatever purpose you wish, but can only be made possible with each and every part of the car working together and attached.

Organisations behave in the same manner. The company has an ultimate goal of delivering goods to a client, but the processes of designing, manufacturing, analyzing and then finally being delivered are the driving forces for the company's success. All these chunks of works processes that collectively define a bigger purpose, the operations for that particular organisation. The more effective these processes or operations would be, the more productive and profitable the business would be.

Financial Strategy...

                  Strategic financial management refers to study of finance with a long term view considering the strategic goals of the enterprise. Financial management is nowadays increasingly referred to as "Strategic Financial Management" so as to give it an increased frame of reference.

The objective of the Financial Management is the maximization of shareholders wealth. To satisfy this objective a company requires a "long term course of action" and this is where strategy fits in.

Definition of 'Strategic Financial Management '

Managing an organization's financial resources so as to achieve its business objectives and maximize its value. Strategic financial management involves a defined sequence of steps that encompasses the full range of a company's finances, from setting out objectives and identifying resources, analyzing data and making financial decisions, to tracking the variance between actual and budgeted results and identifying the reasons for this variance. The term "strategic" means that this approach to financial management has a long-term horizon. 

Marketing Strategy...

                           Marketing strategy is defined by David Aaker as a process that can allow an organization to concentrate its resources on the optimal opportunities with the goals of increasing sales and achieving a sustainable competitive advantage. Marketing strategy includes all basic and long-term activities in the field of marketing that deal with the analysis of the strategic initial situation of a company and the formulation, evaluation and selection of market-oriented strategies and therefore contribute to the goals of the company and its marketing objectives.

Types of strategies                                                                                                               Marketing strategies may differ depending on the unique situation of the individual business. However there are a number of ways of categorizing some generic strategies. A brief description of the most common categorizing schemes is presented below:                                                                                                                                                                                                 Strategies based on market dominance - In this scheme, firms are classified based on their market share or dominance of an industry. Typically there are four types of market dominance strategies:                 

• Leader
• Challenger
• Follower
• Nicher