Thursday, May 15, 2008

4 Ps of Business Success

Like 4 Ps in marketing (Product, Price, Place & Promotion), Business Success also has 4 Ps.. except that it's coined by me, a nobody lor.. ;-)

The 4 Ps are:

1. People. Especially important if u're a start up. Any organisation needs good & trusted people to achieve anything at all.

2. Process. When organisation grows big, process will determine the sustainability of success. Typically, an organisation of more than 30 employees must really look at defining key processes.. otherwise, things will breakdown..

3. Plan. At the end of the day, business strategy determine how you intend to win the business game. U definitely need a plan.. a good plan, that is.

4. Patience. As long as you're working with people, u need lots of patience. No one will be like you - in terms of capabilities & expectations. So, sometimes hv to learn to accept less than your expectations.. fortunately, most cases need only make do may/will do standards..

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