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Strategic Business Plan |
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Targets & Key Performance Indicators (KPIs) |
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Business Basics |
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Reviews |
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| Key aspects of Business planning Pristine 360
aims to address |
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Core business |
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Business is about market, people and product. Every
business has core market to focus, has its core team to work on the
defined market and core product which the team sells in the market.
Understanding these principles is at core of any organization |
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Core Purpose of Business |
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Defines the core purpose of existence of any business through vision,
mission, and practiced values. Clarity in vision enables organization
to understand where they are heading to, defining a mission ensures
the organization is moving towards the vision and values imbibed in
the system act as enabler for organization to reach vision within
the set boundaries/limits. |
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Customer |
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Every business follows four tenets concerning consumers; identify
attract, acquire & then retain. Honoring of same as sacrosanct
ensures the smooth sailing even in the rough weather. |
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Competition Advantage |
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Every organization is different from others. They may be different
in terms of products, services, target segment, people or on any other
parameter. That uniqueness when leveraged becomes its competitive
advantage. |
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Positioning |
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Success of any business is dependant upon faith and trust reposed
by all business stakeholders including customers, employees, vendors,
shareholders and other stakeholders in the business enterprise. Hence,
having products/services rightly positioned becomes imperative for
every organization. |
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Business Targets & KPIs |
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Goals can be short term as well as long term. Every short and long
term goal has to be broken down into targets defined over a stipulated
period. Each of these targets has to be benchmarked against some performance
indicators. Regular monitoring of KPIs ensures smooth sailing. |
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SWOT |
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Strategy must take account of how are business' strengths and weaknesses
will affect in both long and short term. SWOT is a tool that enables
organization to identify the same thereby helping organization to
prioritize accordingly. |
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Reviews |
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A key element often overlooked is that of monitoring and evaluating
how effective the strategy has been. Reviews of Targets & KPIs
ensure the same by bringing discipline in system. |
