"Spicy world of NanoScience"
Successful Company must have
Skilled People to obtain a capable workforce
Strong Win-to-Win External business relationships
Sufficient Capital to execute plans.
Ranking Business Attributes
a company is classified by..
Quality of Management
Long term investment values
Quality of products and services (deliverables)
Use of available resources
Effectiveness in doing business globally
Where You want to Go ?
What you Want to Become ?
What Makes a Business work?
Plans :( Setting Goals, Missions, Visions, Objectives, Requirements and Concepts)
Work Organization (Powerful functional structure )
Procedures ( having Efficient/ Effective Business Functions)
Leadership ( Ability of managers to decide, influence, motivate Employees and workers to execute business plans)
Skills : Talented and competent Expertise to leverage the way jobs are done.
Culture : To Harmonize different Beliefs, attitudes, behaviors to avoid conflict of values and lead to success.
Involve teamwork in setting goals and objectives (Inductive Thinking)
Learn all possible about customers (Find market gaps or needs)
Understand "who are the competitors in such business"
Identify (Strengths , Weaknesses, Opportunities ,Threats ) by running "SWOT" analysis
Determine which capabilities to lack or need to get to succeed
List Value-Added Things to plan to offer to your customers
Do Financial assessment (Profit-Loss, Break-even, Cash-Flow, Budget,..)
Decide for Marketing Plan ( Product, Price, Place, Promotion )
Imagine Different versions of Company's future (Strategic Plans , Reengineering)
Business Plan Major Pieces