The size of company or its reputation do not guarantee its continued success especially in the contemporary times when the changes in technology brought about new changes of contacting clients,customers in doing business.
Prominent companies of 1980s and 1990s disappeared when they failed to cope with the new ways of growing competition. Graves (1994) says market capitalisation and human resources development could set the limit on how successful an organisation could be in the future."We believe that the future will involve more competition and require greater flexibility in an environment in which only constant will be change.All of this demands of us things we can only imagine today.We do not know a lot about what will be coming,but we have developed and are acting on some beliefs about our people and our organisation which will help us prepare for what will come."
For a company to cope with the ever changing way of doing business .The employees need on going training programmes to help them have self-confidence and refreshing their technical skills.
The company must closely monitor the trends in the market and industrial changes so as to evaluate any possible alternatives necessary for company's sustainabilty.The constant upgrade of technical and managerial skills is the stratergy for company 's existence and survival.
In these days it is necessary to go online,marketing products on the never flooding global markets.Interacting with internetters around the globe will help to polish the new skills of revamping business skills.
Competition is not hazard but it helps to constantly check the quality of our services or goods to fulfil human needs and wants.
Competition help the business to perfect it self and customers have wide choice of making purchases.
People who occupied themselves helping the community development economically stand a better chance to groom themselves better than those lazy!
Saturday, September 25, 2010
The business plan flexibility is essential for competition in growth and sales
Labels:
business,
competition,
growth,
sales
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