Posts Tagged ‘Business Definition’
BUSINESS DEFINITION: Strategic Analysis (II)
The objectives
The objective specifies a result that closes the gap between current and desired future state.
Objectives should be realistic and achievable. Be quantified and measured. They must be achievable and affordable for those who propose it.
As the objectives are being met, it is necessary to introduce or modify objectives and goals defined in terms of changes that occur in business. Read the rest of this entry »
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BUSINESS DEFINITION: Strategic Analysis (I)
The strategic analysis includes a series of studies based on existing information on the competitive environment where he is the company whose objective is to formulate a business strategy.
It assesses the internal environment of the company that understands their “strengths” and “weaknesses”, which include human resource, technical, financial, etc.
It examines the context that contains the company, with its potential for market development (product / service) and alternatives that offer better prospects for profitable growth are the “opportunities” and the other part assesses the “threat” an obstacle to growth. Read the rest of this entry »
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BUSINESS DEFINITION (II)
When building a business plan around a well-conceived mission, the company can use its limited resources more effectively.
In other words, a mission to help the company move from “trying to do the right thing” to “do the right thing.”
Example (definition of the mission):
Nursery: “The goal is to provide a wide range of nursery products wholesale and retail to professional landscapers and homeowners distinguished.” Read the rest of this entry »
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BUSINESS DEFINITION (I)
What is the business?
When an idea is selected as an initiative to develop a business, it must meet a need or desire or potential consumers. That is the fundamental objective.
People buy goods or services to satisfy a need or desire.
For example: food (bread, meat, fruits, etc.). Have more comfort in the home (appliances, furniture, etc.) Entertainment (movies, theater, travel), transport (cars, buses, airplanes).
Detect those needs and desires become business opportunities and the employer seeks the most convenient way to satisfy them. Read the rest of this entry »
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