July 8, 2013
War and Sport
André Maurois, Apple Inc, Business, Literature, Military tactics, Sport, War, Zero–sum game
Company is a mixture of war and sport is really a vastly quoted phrase that’s coined by Emile Herzog, a renowned French writer whose literary works were authored beneath the pen name, Andre Maurois. In the layman’s language, the catchphrase means treatments for business affairs having an aim of winning after the morning. This aspect of thinking is extensively pervasive to many budding entrepreneurs whose business ideas are designed for success with regards to profitability and expansion of their enterprises. It means that each strategy and tactic utilized for the operations of your entity are designed to get yourself a business to the top of the corporate world regarding its achievements.
In sports, every one of the players, their coaches, club owners, and fans unite as being a collective team to accomplish all they’re able to in order that they win all the games by which they participate. Similarly, commanders in addition to their soldiers on a lawn apply each of their arsenal and battlefield tactics to emerge victorious over their enemies in a war that they can fight. That to be the case, both the scenarios might be linked to a company environment in which the management helps to ensure that they mobilize every one of the business stakeholders in order to achieve results within a given period. The ideal situation is whereby the shareholders are guaranteed positive performances, personnel are motivated, financial obligations are met, suppliers are paid in a timely manner, legislation are complied with, and also the company exhibits sensitivity in working with the community that it operates within. Once each one of these stakeholders are brought on board inside the company activities, this turns into a strong foundation for fulfillment to any business.
However, granted that many entities work with a highly competitive environment, it is only logical to get the best management to formulate competitive policies which will propel an enterprise to the echelons of the corporate world. These policies should be solid strategies integrated with tactical maneuvers intended for giving the business a competitive edge that may keep it a stride ahead of its competition. An enterprise is a mixture of war and sport is itself a zero sum game theory in which the company can become winning with all the ‘enemies’ or ‘opponents’, in experience of rival firms inside the same industry, is the losers.
Successful business managers always take their best efforts in searching for creative methods to tackle a full day-to-day challenges. They just use tactics that really work which can be inculcated into their junior staff and which lead to them being winners. Just like in war or sports, good managers will usually think ahead by thinking about how to proceed while sporting contingencies that behave as a plan B in the event that things deviate through the original plans. A case in point can be Apple Inc., whose management’s thinking can be lauded as both bold and farsighted. This process of strategic and innovative thinking not merely brings about huge profit margins, and also creates the enviable position to be a niche leader inside the competitive technological gadgets market.
For prosperity, managers should run businesses as a mix of war or sport.
June 7, 2013
Ethics in operation
Business, Business ethics, Company, Corporation, Customer, Ethics, Morality, Organization
Precisely what are ethics running a business?
These are those practices and moral judgments of an individual of an individual concerning precisely what is right and wrong in a business create. The choices of any corporation may be decided by an individual in this business or even a team of individuals from the same business. The culture in the company will influence whoever makes all the decision. In each and every decision, whoever can make it must decide what he/she thinks that it’s right. Good business ethics could make the corporation possess a lots of benefits also to prosper. What are among the significance of ethics in operation?
1. They attract customers:
With higher business ethics, the customer’s welfare will be well looked after. Customers will like the enterprise and they will even bring more customers. Customers should be treated with hospitality and in an ethical manner. Remember the company is the reason for the existence of the enterprise or business build.
2. Employees should remain in the business:
Ethics in business will heighten the morale in the employees in the commercial. They would want to stay somewhere where there is respect and good morals. This will increase the productivity of the organization as the owner are not searching for new employees every now and then.
3. Business ethics can give the business a good reputation and good will.
A company have a good reputation since the customers and also the employees will be telling almost everyone concerning the good stuff that are going on within the company or actually what the company is doing for many years. This will give the business a strong reputation hence more customers and profits.
4. It’ll attract more investors to do business with the business.
Many investors like utilizing enterprises with good morals and ethics. They want an area where are going to given their due respect and assured with their security. This will likely create a company’s success plus much more profits as a result of heavy invest by wealthy investors.
5. Many people will want to be applied by the company with good ethics.
This may cut down the price tag on employment in fact it is guarantee supplies of training as no day will the company run in short supply of employees. This will likely also allow the company to find the best workers from the many who will want to assist the organization. That way the productivity of the clients are increased.
6. It’s going to develop a good working environment for your workers:
With good morals, employees will relish their immediate environment as you will have respect within the workers. They’ll interact freely with everybody as everyone knows his/her boss and get instructions from him/her.
Those are the significance about ethics running a business. Failure to have them will contributes to loss of the organization’s reputation and good will. Employees will escape from the organization or they work as they wish which is not beneficial to the success of the corporation. Therefore for the prosperity of any company, they must have well laid moral values to be adhered to from the employees.