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All Businesses have Internal as well as External Aspects for effectiveness and efficiency in work.
Internal Aspects
Companies should have well defined Policies and Procedures to follow
Key Performance Indicator should be used, for accountability and effectiveness
Proper allocation of Budget to each Department is important
Planning and Forecasting in all department is also important specially Sales, Finance, HR and IT Department
Implementation of ERP and On time and Accurate Data feeding in the system is also important.
External Aspects
Customer Relationship and Customer Service
Relationship with Government Bodies
Relationship with Key Stake Holder
