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Ultimately its people and their good work and otherwise also its people only and their irresponsible behaviour. Thanks.
A company's success or failure is a multi-factorial equation. Eventually everything come down to the financial part, however, before reaching that point of evaluation, there are a lot of other factors to be taken into consideration; the human capital is one of vital importance, since it can ensure (up to a certain point) the sustainability of the company, the existing infrastructure and its capability of covering the needs of the company and the market, the overall performance of the people in management and senior management positions, along with the management of the personnel, could be some of the most important factors.
I hope I was helpful to you.
In SWOT Analysis, one has to consider and examine both internal and external factors affecting the company to be able to strategize effectively.
For the internal factors, the three important considerations for me to look at are: 1. Business Plan 2. Synergy and 3. Innovation. First, are the goals met in the business plan? As it is the framework of the business, one has to constantly refer to the business plan and update it once in a while. Is the operations management, human resources management, financial management and marketing management aspects of the company are still in accordance with the business plan?
Second, Synergy. Synergy is defined as" the sum of its whole is greater than the sum of its parts". In a general concept, departments and individuals need to collaborate and work as a team in order to achieve the company's goal. In doing so, it encourages a common goal attitude among the employees and the management.
Third, Innovation. After the successful operations of the business, a company has to innovate in order to cater to the growing demand of its clients and customers.
For the external factors, a company doesn't have much control over it. Only that, the entity can be able to adapt and be flexible with the factors affecting it. But one important decision the management has to consider is location. A strategic location could greatly affect the success of a business. In addition to this, business plans should also include BCP or the Business Continuity Plan to make the business resilient to the threats of the company.
if employees do their work with dedication then company will lead to success.....
- the managment
- assigned employees
- dealing with client
My short list "roadmap to failure" is the following:
An my "roadmap to success":
There are three things which determine whether a company succeeds or fails. They are
1) Cashflow
2) Cashflow
3) Cashflow
primarily rewarding to the right employee at right time.
secondly the binding factor can produce wonders.
this is time tested that companies are successful which are employees caring.
Factors that could lead to a company's success
People – those who make up the organization
Purpose – a reason for organizing and working together
Processes – activities which the people undertake to fulfill their purpose
Physical Resources – a place to work, the right equipment, money to pay the bills and the people who work there
Customers – people outside the organization who are willing to pay money in return for the products and services the organization provides; for government organizations taxpayers are the customers; many nonprofits depend on contributions from donors who believe in the value of what the organization is doing.
But it’s not just the existence of these five basic factors that enables success -it’s what you do with them. In the same manner, just having a body will not make you a successful athlete – you have to train, learn the skills, practice, eat right, sleep enough, and much more
There is no hard and fast rules that can leed your company to success or failure but things that you must focus on are
1. Clarity of objectives and personal dedication of members.
2. Human resource management is the most important thing if you want to take long leaps.
3. "To do" attitude not only on the part of the members but on the part of the employees
4. To achieve "to do" attitude everyone should feel they are working for themselves and that will come either with ownership or with strong working relation between the owners and the employees.
5. When you lead to lead it never give as strong results as when you lead to guide and lead to serve.
