In the event the Company needs to be in the position of Market leader it is necessary to n increase revenue, increase profit margin. For this purpose it requires to reduce cost and expenditure.
- Company always interacts with outside world
- Stakeholders are much more interested on environmental issues.
- The company should be very much concern about the waste it leaves to the environment.
- Key factors in Company success is the sustainable growth
- Cost saving is also a key factor for the progress and development.
- Success of Company depends on the competent of its employees to a great extent.
- It is necessary for the company to have its managers and key officials motivated to get maximum from them for the development of the company
.Highly trained and motivated, inspired employees are the key factor to
- produce innovative products and services
- Exceed the expectations of the customers
- To win new customers
- To retain the existing customers.
A company needs to continuously training its employees and it should consider not as expenditure but as an investment. Any company requires following factors for success and growth
Constantly endavour to increase revenue and profits
- Proving superior customer service and retaining existing customers
- Introducing new products and services
- Introducing new organisation structure in order to achieve results
Continuously striving to reduce cost which will pave the way for offering low cost products and services to the customers and with the low cost the Company can reach to a larger customer base.
Not only low cost but the products and services should be high quality in order to retain the customers who have purchased products and services from the company.
Any company should adopt new initiatives to reducing resources use and prevention of pollution and damage to the environment. In order to achieve this purpose following are required.
Recruitment policy to have the best employees possible.
- Training the existing employees to the maximum level
- Increase the productivity to the maximum
- Reduce costs and expenditure
- Enhance the quality of the goods and services offered
- Increase the profit margins for the shareholders
There is no doubt that practicing the above any company will be able to reach its goals and objectives in order to become Market Leader