Business Acumen, pt 4

Everything is Related

In business, it is necessary for each person to perform specific roles and functions. Every business role is related to each other. For example, poor production and poor customer service will affect sales. Too many sales returns cost the company money, damaging the profits. Each aspect of the business relies on the others. Most people only focus on their specific roles, without considering how they affect the other departments. Looking at the big picture allows you to see how everything is related, and it begins with the leadership. The leadership of the company is responsible for the culture and values. These guide the other aspects of business, which are: operations and marketing, finance and governance, and information and people.

How to Relate:

·         Be Comprehensive: Monitor every area of the business to make sure each one is reaching their goals.

·         Be Balanced: Make sure that each area of the company is sustainable, and make adjustments as necessary.

·         Be Incorporated: Integrate every aspect of the business with the others. Show employees how they affect each other and the company as a whole.

For the full 6 hour online course, visit: Networx Business Solutions

40% off discount code: Networx2015

Tina Oliver, M.Ed.

Networx LLC

http://www.networxbiz.net

Business Acumen, pt 3

Mindfulness of Decisions

Decisions need to be made carefully and mindfully. In stressful situations, it is easy to make decisions based on emotions or external pressure. Recognize these events which increase the risk of making a poor decision that can have long term consequences. Mindful decision making combines reason with intuition to come up with decisions that are based in the present.

Decision making Steps:

1.       Be in the moment: Pay attention to how you feel physically and emotionally. This allows you to reach your intuition and understand any feelings of conflict and their source. The source of the conflict may evolve as you become mindful. For example, conflict over the cost of change may shift to conflict that the change goes against company values. Naming the conflict will help you make the decision without fear.

2.       Be Clear: Investigate for clarity. Begin by investigating your feelings and identifying the type of decision you are making. A neutral decision, for example, should not create a great deal of stress. Once you identify the decision, make sure you have collected the necessary information to make the decision. Additionally, you should consult the people who will be affected by your decision.

3.       Make a choice: Once you have all the information, listen to your intuition, and write down your decision. Take some time to consider this decision. If you are still comfortable with the decision after a few days, act on it. 

For the full 6 hour online course, visit: Networx Business Solutions

40% off discount code: Networx2015

Tina Oliver, M.Ed.

Networx LLC

http://www.networxbiz.net