Build Value at Every Phase of Business


To sustain and grow a business, the key word is build . Build value on a foundation of values. This means instilling and demonstrating integrity, passion, knowledge, fairness, and trust. As a leader, you must show concern for employees , environment and the community at large.

It is important to look for superior people who also believe in this system and can contribute to it in various ways. Disciplined, focused people who pay close attention to detail are invaluable. Seek these qualities in any and every employee you hire, because each position requires a certain dedication and integrity in order to contribute to the business as a whole.

Empowering people and encouraging entrepreneurial freedom does not work unless there is a system of control that monitors performance, rewards excellent performance, and corrects unacceptable performance. Incentive compensation is a substantial portion of total compensation for key people. It is structured to align corporate and individual objectives. We have sophisticated financial and management reporting systems that monitor performance monthly, quarterly, annually and multi-yearly to track performance and provide feedback to from which to learn. Positive feedback is just as important as negative feedback. When performance is unacceptable, you must make the appropriate changes.




Inside the Minds Stuff - Inside the Minds. Managing for Profit. Leading CEOs on Key Strategies for Increasing Profits Exponentially in Any Economy
Inside the Minds Stuff - Inside the Minds. Managing for Profit. Leading CEOs on Key Strategies for Increasing Profits Exponentially in Any Economy
ISBN: N/A
EAN: N/A
Year: 2004
Pages: 130

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