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Inspirational Business Plan: Successful Innovation
Financial Projections:
"The real source of wealth and capital in this
new era is not material things. It is the human mind, the human spirit, the
human imagination, and our faith in the future."
–
Steve Forbes...
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Look At Your Company From Outside-In
As Well As Inside-Out
By: Masaaki Imai
Your Revenue Model
A revenue model lays-out the
process by which a company actually makes money by specifying how it
is going to charge for the services provided...
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Service-Profit Chain
Customer satisfaction
is a critical component
of profitability. Exceptional
customer service results in greater
customer retention, which in turn
results in higher profitability. Customer loyalty is a major contributor to
sustainable profit growth. To achieve success, you must make superior
service second nature of your organization. A seamless integration of all
components in the service-profit chain
–
employee satisfaction,
value creation,
customer satisfaction, customer
loyalty, and profit and growth – links all the critical dynamics of top
customer service...
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Competitive Strategies
Effective Pricing
The best price is always the one that provides
you with the most long-term profits. Price in terms of value rather than
cost. Cost-plus pricing is worst choice. When you start
pricing more intelligently, you will
have a real advantage over most of your competitors...
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Economic Value Added (EVA)
Economic Value Added (EVA), or
economic rent,
is a widely recognized tool that is used to measure the efficiency with
which a company has used its resources. In other words, EVA is the
difference between return achieved on resources invested and the cost of
resources. Higher the EVA, better the level of resource unitization...
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Finding New Opportunities for Profitable
Growth
To find and pursue new opportunities you must develop a clear point of
view about growth and make it a part of your company's genetic code.
Leaders that go away from muddling along in a mature industry and toward
coming alive with
growth
prospects
identify opportunities, develop selection criteria, select the avenues
for profitable growth and pursue
opportunities –
with
speed...
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TPS-Lean Six Sigma
TPS-Lean Six Sigma is like a ‘turbo-charged’ Lean Six Sigma program.
TPS-Lean Six Sigma helps you design, develop,
and implement the most powerful Lean Six Sigma program in the world. It
combines all the powerful tools and methodologies of Lean and Six Sigma with
personal power optimization of the Total Performance Scorecard. The result
is a breakthrough program that
increases speed, reduces waste,
motivates the workforce,
satisfies customers, and drives up profit...
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