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5 Critical Factors That Surely Every Successful Business Has in Common

1. Sound business decision – Making critical business decision stems from effective and efficient flow of information towards key decision makers. 21st century business trends emphasis on getting information at the right time and at the right place in order for top management to strategize next move, alienating away from existing competitors and building a high barriers of entry for the new kids on the block. 2. Sound business system (blueprint) – Effective roll out of product-based or service-based of an organization will depend on the successfulness of its business system. This ‘system’ encompasses value chains (i.e. production, finance, marketing, R&D, etc) that link-up together towards one common goal of achieving specific target. 3. Sound business culture &...[Read More]