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Transcript of The seven greatest strategies for business success 3 22-16
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THE SEVEN GREATEST STRATEGIES FOR
BUSINESS SUCCESSDR. JOHN PERSICO JR.
March 23, 2016
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WELCOME•INTRODUCTIONS•AGENDA•QUESTIONS AND
COMMENTS
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1. STRATEGIES FOR COMPETITION•COST VERSUS
QUALITY•COST VERSUS
DIFFERENTIATION•LOCAL VERSUS
GLOBAL
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2. STRATEGIES FOR DEVELOPMENT•HUMAN RESOURCE MANAGEMENT •TALENT MANAGEMENT•REWARDS AND RECOGNITIONS•PROCESS MANAGEMENT
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HUMAN RESOURCE MANAGEMENT•DEVELOPING PEOPLE TO BE THE BEST THEY CAN•TALENT MANAGEMENT
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REWARDS AND RECOGNITIONS
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PROCESS MANAGEMENT
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3. STRATEGIES FOR GROWTH•WORD OF MOUTH•MARKETING PLANNING•IPO’S•MERGERS AND ACQUISITIONS
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The Four Means by Which Companies Grow Market Share
Word of Mouth
Market Planning
IPO’s
M & A
Growth
Time
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4. STRATEGIES FOR POSITION
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PRODUCT
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PRICE
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PLACE/DISTRIBUTION
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PROMOTION
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5. STRATEGIES FOR IMPROVEMENT
•TQM•LEAN MFG.•SIX SIGMA•BIG DATA•KAIZEN
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STRATEGIES FOR IMPROVEMENT
• WHAT IS THE DIFFERENCE BETWEEN CONTINUOUS IMPROVEMENT AND CONTINUAL IMPROVEMENT?
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STRATEGIES FOR IMPROVEMENT
Lean, Kaizen and Continuous Improvement
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The Advantages of Big Data
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THE ADVANTAGES OF BIG DATA Big Data in Banking
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6. STRATEGIES FOR EXCELLENCE
•CUSTOMER SERVICE EXCELLENCE
•PROCESS EXCELLENCE•PRODUCT EXCELLENCE
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CUSTOMER SERVICE EXCELLENCE
•WHAT DO YOU DO TO MAKE YOUR CUSTOMERS RETURN?
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PROCESS EXCELLENCE
•WHAT IS AN EXCELLENT PROCESS?
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PRODUCT EXCELLENCE
• 'THE LOSS IMPARTED TO SOCIETY FROM THE TIME THE PRODUCT IS SHIPPED', AND THIS RELATED THE LOSS TO SOCIETY AS A WHOLE. THUS, IT INCLUDED BOTH COMPANY COSTS SUCH AS REWORKING, SCRAPPING AND MAINTENANCE, AND ANY LOSS TO THE CUSTOMER THROUGH POOR PRODUCT PERFORMANCE AND LOWERED RELIABILITY.
Genichi Taguchi defined Product Quality as:
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7. STRATEGIES FOR PLANNING
WHAT IS A STRATEGIC PLANNING SYSTEM ?
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7. STRATEGIES FOR PLANNING
•STRATEGIC PLANNING
•HOSHIN PLANNING•BLUE OCEAN PLANNING
•OPPORTUNISTIC PLANNING
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BLUE OCEAN PLANNING
Leading companies will succeed not by battling competitors, but by systematically creating "blue oceans" of uncontested market space ripe for growth. The strategy represents the simultaneous pursuit of high product differentiation and low cost, thereby making competition irrelevant.
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OPPORTUNISTIC PLANNING
Being opportunistic means taking things as they come. Looking at what makes sense right here, right now. Jumping right into the thick of things and figuring it out as you go along. Exploring interesting connections, poking your nose into strange places and smashing stuff together to see what happens, always angling toward a particular, but vaguely defined, direction.
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