Business – Strategy and Execution

Every company aims to formulate good strategy and execute that strategy well. But many times it is found that it was either good strategy, bad execution or bad strategy and good execution. Why and how to avoid this? Let us begin with what is a strategy? In simple terms, it means the plan to achieve the desired goals or results. If any organization has well defined goals, and can develop a strategy to achieve them, it should be half the battle won. But it is seen that execution fails. Why should that be so? It may be the fault of the team that executes the strategy, or certain unknown factors that unexpectedly or unknowingly creep in while executing the plan. What should be done? Ideally the team that forms the strategies should consider the factors such as who are the people who will execute, does the company have the capacity to execute, what if any unexpected change or event occurs while executing, what are the risks involved, and so on. No strategy can be created without taking into account the ability of the people who will be executing it. One may create a great marketing plan but if the field marketing staff fails to understand and execute the game, it is bound to fail and then the blame game begins. Can a company make a single team that not only creates the strategy but is also responsible to execute it? This will eliminate many such hiccups on the way. The problem is expertise. I am a good strategist and not a good executor. You are a bad strategist but a good executor on the ground. What if such arguments are presented by the team under formation? All right, how about creating a strategy and keep the execution team in the loop throughout the process of creating strategy? This creates another set of problems. The views of both the teams may be so different that no positive outcome will ever result. I have discussed in brief about these factors above. In real life, more complications arise and especially in large organizations, the complexities increase. The only solution for the top management is to set goals and discuss them with every one. After getting every one in confidence, create strategies and let every one participate in the strategy formation. Decide about what is totally achievable and why may be achievable. Let the team that will execute commit itself to achieve what is totally achievable and promise them with rewards if they manage to achieve the other part also. The synergy between the strategy makers and the executors will ultimately decide the final outcome.

Background Checks - How They Can Help Your Business

If you are running a business, you probably know that the people that you hire can either make or break your business. This is why it is so important to make sure that you hire only the best employees to work for you. However, it is easy to accidentally hire an employee that is a "bad apple" and you'll definitely end up paying for your mistake. If you want to make sure that you hire only the best employees, then it's time to start running background checks on employees before you hire.

There are many employers today who are turning to employee screening to make sure they get the best employees possible. If you're not sure that background checks are the right choice for your business, here are a few of the main benefits that may change your mind.

Benefit #1 - Lower Turnover - One of the main benefits of using background screening on your potential employees is that it can actually lead to lower turnover. It can be quite expensive for your company to have a high turnover of employees. However, screening before you hire can help you avoid this.

Benefit #2 - Better Attendance - Attendance is important to your company as well. Your company cannot function well when employees are constantly absent from work. Employee screening can help you week out people that have a bad attendance history at work.


Benefit #3 - Reduce Incidents of Theft - You'll also find that background checks can help you reduce incidents of theft at your company as well. They allow you to take a close look at the criminal record of potential employees to decide whether or not they are trustworthy or not.

Benefit #4 - Experience Productivity - Another great benefit of using background screening before you hire is that your company will experience better productivity when you do this. You won't end up with people who slack off on the job or who don't want to be there. You'll have quality employees who really make your company better.

Benefit #5 - Find Qualified Employees - Having qualified employees is very important if you want a profitable business. So, take a look at their background checks to see how they have performed in the past and if they really do have the qualifications that they say they do.

Benefit #6 - Make Sure the Person is Who They Claim to Be - Last of all, employee screenings allow you to make sure that the person you are considering for hire is really who they are claiming to be. This makes sure that you are protected and that you really know who you are hiring.

Competition - How good?

This is the era of technology. Everyday a new discovery, a new invention is being made. The world is moving ahead in leaps and bounds. People are striving for success and satisfaction in life in the face of fierce competition. Competition is ubiquitous- in every walk, every aspect of life right from childhood to old age. No one escapes competition. It's very essential to know the effects- both positive and negative- of competition on society. Competition is the very force that drives individuals to aim for goals, aim higher. In school, students compete against each other for higher grades. Athletes compete for more wins, more records. Companies vie against each other for better sales, bigger markets. Just because there is competition, a person is forced to work harder, better and efficiently to overcome it, to defeat it. Healthy competition is very important for the overall development of individuals, communities and nations on a broader perspective. Take the Indian car industry for instance. It remained stagnant till the late 80's with only 2 companies offering the same cars for 3 decades. Once the economic reforms came, many companies came into fray and competition increased. In the face of competition, new models, new features, better performing cars are being produced constantly. All this ultimately benefits the customer who gets a wider range to make a choice from. The same example can be applied in every other industry. Competition can only give a thrust to progress. No one can afford to be complacent and sit with fingers crossed. It will only leave one behind in the race. Competition expects and promotes fresh thinking, new ideas, better and more hard work. It makes one sit up and take notice of the world around. As someone aptly said,'there is no business without competition.' Competition in a positive and healthy way is the road to progress. But the moment it is used in a negative way, it can prove harmful. We see the use of performance enhancing drugs in sports- athletes being banned and so on. Companies indulge in malpractices like accounts tampering, publishing false reports to up their stocks. A most apt example to conclude the discussion- This is a story from the heights of competition for supremacy in space between Americans and the Soviets. US astronauts faced difficulty to write with ball point or any other pens in space. NASA spent 12 million dollars and a few years developing a pen which could write anywhere on any surface without any problems. When relations became friendlier, soviet cosmonauts were asked what they used. The answer-a pencil. Competition is ultimately more beneficial than detrimental to society, only if indulged in a healthy way. Unhealthy competition will only lead to destruction of faith, goodwill in society. Related Links: Send Free Inspirational Ecards