Academy : ProfitSee

Mar 23, 2015 | Management

The Zen of the Company: Market Driven Companies

Part eleven: What are the characteristics of the market driven businesses? Market driven means: “Who are our customers and our stakeholders and how do we meet and satisfy their needs and expectations?” Market Driven companies pay very close attention to interests and needs. A marketing driven company wants to find out what their target market is interested in whether that market is commercial business or consumers or international groups. Whatever the group, they really want to know: What is their need? How do we stay sensitive to it...?

Mar 16, 2015 | Management

The Zen of the Company: Operationally Driven Companies

Part ten: There are certain strategies that are used in operationally driven companies. First of all, they analyze systems and they use those systems that provide the best short-term results, short term here being defined typically on a one-year basis. What do we mean by systems? How are we going to do research and development? How are we going handle human resource issues...?

Mar 9, 2015 | Management

The Zen of the Company: The Three Philosophies of Management

Part nine:“There is a significant difference between ‘truth’ and ‘belief’. ‘Truth’ is like ‘Fact’. ‘Truth’ is absolute. It stands on its own and unfailingly validates its absoluteness. ‘Belief’ is relative. Belief is what individuals perceive as ‘truth’, but is based on many underlying assumptions combined with what is recognized and accepted about ‘truth’..."

Mar 6, 2015 | Business Strategy | Management | Accounting | News

3 Reasons to Offer Business Advisory Services

Accountancy is not only a highly competitive market, but also a quickly changing one. According to AccountingWEB, " if your firm only offers commoditized services like tax preparation, payroll, and bookkeeping, you'll win (and lose) customers due to price competition. The good news is that you're in a unique position to offer value-added advisory services..."

Mar 2, 2015 | Management | Business Strategy

Zen of the Company: Keeping Your Head Above Water

Part eight: Conventional wisdom says that it takes 3 years or more for a new business to get established. Real world experience shows that most new businesses do not survive to the 3rd year. The actual reasons most new businesses fail can be due to any of a number of things; stiffer competition than expected, a change in market demand, poor management practices… the list goes on. Regardless of what is the specific reason, the common denominator of all business failures is summed up in one word: money...