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Profitability is not a stand-alone aspect of a business organization. It is inextricably linked with Costs. But Profits and costs requires a facilitating culture. A companyÕs culture can have a significant impact on financial performance. Companies with adaptive cultures emphasized by key managerial constituenciesÑcustomers, stockholders, and employeesÑrealized, revenue, stock price & net income increases. Such cultural experiences are best applied when organizations seek to push employee contribution ahead of other factors that influences business performance. Maintain a transparent, strategic focus and alignment so that employees know how they are contributing to the results, & where employees come on par with customers when fulfillment of need is concerned.
Book Synopsis A Profitable Cost Culture by : Ganesh Shermon
Download or read book A Profitable Cost Culture written by Ganesh Shermon and published by Lulu.com. This book was released on 2018-08-16 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Profitability is not a stand-alone aspect of a business organization. It is inextricably linked with Costs. But Profits and costs requires a facilitating culture. A companyÕs culture can have a significant impact on financial performance. Companies with adaptive cultures emphasized by key managerial constituenciesÑcustomers, stockholders, and employeesÑrealized, revenue, stock price & net income increases. Such cultural experiences are best applied when organizations seek to push employee contribution ahead of other factors that influences business performance. Maintain a transparent, strategic focus and alignment so that employees know how they are contributing to the results, & where employees come on par with customers when fulfillment of need is concerned.
Sit back and reflect on every day stories from organizations on cost-based downsizing. All have reasons; reducing bench strength or poor performers, rationalizing businesses, managing costs through supply chain, expense management or sheer alteration to the Target Operating Model to focus on a strategy led structure. Each of them has a valid story. To me this act of cost optimization, including an unfortunate act of restructuring, is not a sin, it is a process that corporate sector can and should learn to do. BUT, only after they have exhausted every other cost optimization choice. Not at periodic intervals or when pushed to a corner because of financial results die the next quarter, but as a way of life. Just as how hiring, cash flow management, customer satisfaction & asset acquisition is a vital element of growth, so is optimization, to stay healthy at all times. Business cycles and its impact on shareholder value are not new to the world of economics. But the science & art of doing so gracefully is a much-needed area of learning. "Culturally, Cost Optimization cannot feel too much like just cutting costs." In a variety of organizations that embarks on cost optimization, I often seek to probe if the culture is treating it as a one-time action or a way of life activity and whether the process that they wish to follow is transparent, honest and upright. Experience tells you that few organizations seek to conduct these processes with a degree of uprightness it deserves. And the answers, to why so, are complex and ingrained in the socio - cultural aspects of our feudalistic society. Paternalism, Reservations, Minority Claims all with the purported desire to do no harm, play to public & appear to look good, And these hypocritical values, reflect squarely in the way stereotypes work in companies; those who ask for data based decision making as lacking trust, the manager who questions growth projections as a cynic, the one who budgets optimum growth as lacking in vision, HR a villain for asking why we should hire/fire, a CFO is made the target of ridicule for pushing cost initiatives, a CEO who demands, as autocratic, or a sales manager who insists on equivalent travel from women, as being not sensitized to diversity, has lead to this set of superficial cost structures incurred to look good. The degree of cynicism, to cost initiatives, is notorious in the back-room gossip. The problem lies in the word "initiative" as against the need for cost optimization as a "cultural journey."
Book Synopsis Profitable Business Owners by : Ganesh Shermon
Download or read book Profitable Business Owners written by Ganesh Shermon and published by . This book was released on 2018-12-25 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sit back and reflect on every day stories from organizations on cost-based downsizing. All have reasons; reducing bench strength or poor performers, rationalizing businesses, managing costs through supply chain, expense management or sheer alteration to the Target Operating Model to focus on a strategy led structure. Each of them has a valid story. To me this act of cost optimization, including an unfortunate act of restructuring, is not a sin, it is a process that corporate sector can and should learn to do. BUT, only after they have exhausted every other cost optimization choice. Not at periodic intervals or when pushed to a corner because of financial results die the next quarter, but as a way of life. Just as how hiring, cash flow management, customer satisfaction & asset acquisition is a vital element of growth, so is optimization, to stay healthy at all times. Business cycles and its impact on shareholder value are not new to the world of economics. But the science & art of doing so gracefully is a much-needed area of learning. "Culturally, Cost Optimization cannot feel too much like just cutting costs." In a variety of organizations that embarks on cost optimization, I often seek to probe if the culture is treating it as a one-time action or a way of life activity and whether the process that they wish to follow is transparent, honest and upright. Experience tells you that few organizations seek to conduct these processes with a degree of uprightness it deserves. And the answers, to why so, are complex and ingrained in the socio - cultural aspects of our feudalistic society. Paternalism, Reservations, Minority Claims all with the purported desire to do no harm, play to public & appear to look good, And these hypocritical values, reflect squarely in the way stereotypes work in companies; those who ask for data based decision making as lacking trust, the manager who questions growth projections as a cynic, the one who budgets optimum growth as lacking in vision, HR a villain for asking why we should hire/fire, a CFO is made the target of ridicule for pushing cost initiatives, a CEO who demands, as autocratic, or a sales manager who insists on equivalent travel from women, as being not sensitized to diversity, has lead to this set of superficial cost structures incurred to look good. The degree of cynicism, to cost initiatives, is notorious in the back-room gossip. The problem lies in the word "initiative" as against the need for cost optimization as a "cultural journey."
The contribution of culture to organizational performance is substantial and quantifiable. In The Culture Cycle, renowned thought leader James Heskett demonstrates how an effective culture can account for 20-30% of the differential in performance compared with "culturally unremarkable" competitors. Drawing on decades of field research and dozens of case studies, Heskett introduces a powerful conceptual framework for managing culture, and shows it at work in a real-world setting. Heskett's "culture cycle" identifies cause-and-effect relationships that are crucial to shaping effective cultures, and demonstrates how to calculate culture's economic value through "Four Rs": referrals, retention, returns to labor, and relationships. This book: Explains how culture evolves, can be shaped and sustained, and serve as the organization's "internal brand." Shows how culture can promote innovation and survival in tough times. Guides leaders in linking culture to strategy and managing forces that challenge it. Shows how to credibly quantify culture's impact on performance, productivity, and profits. Clarifies culture's unique role in mission-driven organizations. A follow-up to the classic Corporate Culture and Performance (authored by Heskett and John Kotter), this is the next indispensable book on organizational culture. "Heskett (emer., Harvard Business School) provides an exhaustive examination of corporate policies, practices, and behaviors in organizations." Summing Up: Recommended. Reprinted with permission from CHOICE, copyright by the American Library Association.
Book Synopsis The Culture Cycle by : James L. Heskett
Download or read book The Culture Cycle written by James L. Heskett and published by FT Press. This book was released on 2012 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contribution of culture to organizational performance is substantial and quantifiable. In The Culture Cycle, renowned thought leader James Heskett demonstrates how an effective culture can account for 20-30% of the differential in performance compared with "culturally unremarkable" competitors. Drawing on decades of field research and dozens of case studies, Heskett introduces a powerful conceptual framework for managing culture, and shows it at work in a real-world setting. Heskett's "culture cycle" identifies cause-and-effect relationships that are crucial to shaping effective cultures, and demonstrates how to calculate culture's economic value through "Four Rs": referrals, retention, returns to labor, and relationships. This book: Explains how culture evolves, can be shaped and sustained, and serve as the organization's "internal brand." Shows how culture can promote innovation and survival in tough times. Guides leaders in linking culture to strategy and managing forces that challenge it. Shows how to credibly quantify culture's impact on performance, productivity, and profits. Clarifies culture's unique role in mission-driven organizations. A follow-up to the classic Corporate Culture and Performance (authored by Heskett and John Kotter), this is the next indispensable book on organizational culture. "Heskett (emer., Harvard Business School) provides an exhaustive examination of corporate policies, practices, and behaviors in organizations." Summing Up: Recommended. Reprinted with permission from CHOICE, copyright by the American Library Association.
A practical approach to business transformation Fit for Growth* is a unique approach to business transformation that explicitly connects growth strategy with cost management and organization restructuring. Drawing on 70-plus years of strategy consulting experience and in-depth research, the experts at PwC’s Strategy& lay out a winning framework that helps CEOs and senior executives transform their organizations for sustainable, profitable growth. This approach gives structure to strategy while promoting lasting change. Examples from Strategy&’s hundreds of clients illustrate successful transformation on the ground, and illuminate how senior and middle managers are able to take ownership and even thrive during difficult periods of transition. Throughout the Fit for Growth process, the focus is on maintaining consistent high-value performance while enabling fundamental change. Strategy& has helped major clients around the globe achieve significant and sustained results with its research-backed approach to restructuring and cost reduction. This book provides practical guidance for leveraging that expertise to make the choices that allow companies to: Achieve growth while reducing costs Manage transformation and transition productively Create lasting competitive advantage Deliver reliable, high-value performance Sustainable success is founded on efficiency and high performance. Companies are always looking to do more with less, but their efforts often work against them in the long run. Total business transformation requires total buy-in, and it entails a series of decisions that must not be made lightly. The Fit for Growth approach provides a clear strategy and practical framework for growth-oriented change, with expert guidance on getting it right. *Fit for Growth is a registered service mark of PwC Strategy& Inc. in the United States
Book Synopsis Fit for Growth by : Vinay Couto
Download or read book Fit for Growth written by Vinay Couto and published by John Wiley & Sons. This book was released on 2017-01-10 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical approach to business transformation Fit for Growth* is a unique approach to business transformation that explicitly connects growth strategy with cost management and organization restructuring. Drawing on 70-plus years of strategy consulting experience and in-depth research, the experts at PwC’s Strategy& lay out a winning framework that helps CEOs and senior executives transform their organizations for sustainable, profitable growth. This approach gives structure to strategy while promoting lasting change. Examples from Strategy&’s hundreds of clients illustrate successful transformation on the ground, and illuminate how senior and middle managers are able to take ownership and even thrive during difficult periods of transition. Throughout the Fit for Growth process, the focus is on maintaining consistent high-value performance while enabling fundamental change. Strategy& has helped major clients around the globe achieve significant and sustained results with its research-backed approach to restructuring and cost reduction. This book provides practical guidance for leveraging that expertise to make the choices that allow companies to: Achieve growth while reducing costs Manage transformation and transition productively Create lasting competitive advantage Deliver reliable, high-value performance Sustainable success is founded on efficiency and high performance. Companies are always looking to do more with less, but their efforts often work against them in the long run. Total business transformation requires total buy-in, and it entails a series of decisions that must not be made lightly. The Fit for Growth approach provides a clear strategy and practical framework for growth-oriented change, with expert guidance on getting it right. *Fit for Growth is a registered service mark of PwC Strategy& Inc. in the United States
Event Management, specifically written for the Diploma of Event Management and Advanced Diploma of Event Management, is a comprehensive resource for anyone wanting to build their expertise in professional event management. This edition adopts a scaffold learning pedagogy, helping students move through the material logically and efficiently while building on their understanding of tourism, cultural, business and sporting events.
Book Synopsis Event Management: For Tourism, Cultural, Business and Sporting Events by : Lynn Van der Wagen
Download or read book Event Management: For Tourism, Cultural, Business and Sporting Events written by Lynn Van der Wagen and published by Cengage AU. This book was released on 2018-04-01 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: Event Management, specifically written for the Diploma of Event Management and Advanced Diploma of Event Management, is a comprehensive resource for anyone wanting to build their expertise in professional event management. This edition adopts a scaffold learning pedagogy, helping students move through the material logically and efficiently while building on their understanding of tourism, cultural, business and sporting events.
Developing and executing marketing strategies is a vital aspect of any business and few books currently cover this with relation to creative industries. This textbook provides students and managers in the creative industries with a solid grounding in how to maximize the impact of their marketing efforts across a range of business types in the creative and cultural industries. The author, an experienced cultural marketing educator, provides sector-contextual understanding to illuminate the field by: • taking a strategic approach to developing marketing plans; • bringing together strategic planning, market research, goal setting, and marketing theory and practice; • explaining how content marketing on social media encourages a relationship with consumers so that they co-promote the creative product. With a range of learning exercises and real-life examples throughout, this text shows students how to create successful marketing plans for their creative businesses. This refreshed edition is a valuable resource for students and tutors of creative, cultural and arts marketing worldwide.
Book Synopsis Marketing Strategy for the Creative and Cultural Industries by : Bonita M. Kolb
Download or read book Marketing Strategy for the Creative and Cultural Industries written by Bonita M. Kolb and published by Routledge. This book was released on 2020-09-16 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing and executing marketing strategies is a vital aspect of any business and few books currently cover this with relation to creative industries. This textbook provides students and managers in the creative industries with a solid grounding in how to maximize the impact of their marketing efforts across a range of business types in the creative and cultural industries. The author, an experienced cultural marketing educator, provides sector-contextual understanding to illuminate the field by: • taking a strategic approach to developing marketing plans; • bringing together strategic planning, market research, goal setting, and marketing theory and practice; • explaining how content marketing on social media encourages a relationship with consumers so that they co-promote the creative product. With a range of learning exercises and real-life examples throughout, this text shows students how to create successful marketing plans for their creative businesses. This refreshed edition is a valuable resource for students and tutors of creative, cultural and arts marketing worldwide.
Every year, good businesses fail because their systems are broken. Many more are in chaos - they don't fail, but they don't make any real profit either. Their teams are stretched to breaking point, their operations go wrong at every turn, and their customers are dissatisfied and angry... but it doesn't have to be that way. In this book, you'll discover Lean management, a transformative system characterized by continuous improvement and respect for people. Cheap Is Good shares the system, processes and tools from Lean management that transformed this small business in chaos into a systematic, thriving and profitable operation. Whether your business in crisis right now, or is slowly losing ground to more efficient competitors, Lean management is designed to cut all the waste out of your business. Learn how to win back the wasted time, wasted materials, wasted energy and wasted money, so that you can increase your profit, help your team thrive, and give your customers an amazing experience every time they call you."This book will inspire you to follow the path Bob Cooper Jr. took to successfully unlock the power of Lean Thinking and Continuous Improvement in the pursuit of creating a world class small business!" - David Quesada, Lean Six Sigma Master Black Belt.About Bob Cooper, Jr.Bob Cooper Jr. is the owner and founder of El Cheapo Lifts, based in Pico Rivera, California. He has been in the construction and rental industry for over 25 years and oversaw a highly successful Lean transformation after the global financial crisis hit the industry hard. He wrote Cheap Is Good to empower other small business owners to put Lean to use in their operations.
Book Synopsis Cheap Is Good by : Bob Cooper
Download or read book Cheap Is Good written by Bob Cooper and published by . This book was released on 2017-09-21 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every year, good businesses fail because their systems are broken. Many more are in chaos - they don't fail, but they don't make any real profit either. Their teams are stretched to breaking point, their operations go wrong at every turn, and their customers are dissatisfied and angry... but it doesn't have to be that way. In this book, you'll discover Lean management, a transformative system characterized by continuous improvement and respect for people. Cheap Is Good shares the system, processes and tools from Lean management that transformed this small business in chaos into a systematic, thriving and profitable operation. Whether your business in crisis right now, or is slowly losing ground to more efficient competitors, Lean management is designed to cut all the waste out of your business. Learn how to win back the wasted time, wasted materials, wasted energy and wasted money, so that you can increase your profit, help your team thrive, and give your customers an amazing experience every time they call you."This book will inspire you to follow the path Bob Cooper Jr. took to successfully unlock the power of Lean Thinking and Continuous Improvement in the pursuit of creating a world class small business!" - David Quesada, Lean Six Sigma Master Black Belt.About Bob Cooper, Jr.Bob Cooper Jr. is the owner and founder of El Cheapo Lifts, based in Pico Rivera, California. He has been in the construction and rental industry for over 25 years and oversaw a highly successful Lean transformation after the global financial crisis hit the industry hard. He wrote Cheap Is Good to empower other small business owners to put Lean to use in their operations.
Book Synopsis Mushrooms for the Million by : John Wright
Download or read book Mushrooms for the Million written by John Wright and published by . This book was released on 1894 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
For the small business owner, every dollar you can save by reducing costs goes directly to the bottom line in increased profits. This book details over 2,000 specific ways that your company can reduce costs. It includes practical advice on many innovative ways to cut costs in almost every area of your business.
Book Synopsis 2,001 Innovative Ways to Save Your Company Thousands and Reduce Costs by : Cheryl L. Russell
Download or read book 2,001 Innovative Ways to Save Your Company Thousands and Reduce Costs written by Cheryl L. Russell and published by Atlantic Publishing Company. This book was released on 2007 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the small business owner, every dollar you can save by reducing costs goes directly to the bottom line in increased profits. This book details over 2,000 specific ways that your company can reduce costs. It includes practical advice on many innovative ways to cut costs in almost every area of your business.
Transform your organisation’s pricing strategy to take advantage of exciting new opportunities to unlock profitable growth In The Ten Rules of Highly Effective Pricing, renowned pricing strategist Danilo Zatta delivers an insightful and effective roadmap to taking control of your organisation’s monetization strategies and boosting profits. The author explains the 10 key elements to transform your price management; such as making pricing a CEO priority, instilling a culture of profit, selling value, differentiating prices, setting up the pricing governance, avoiding price wars and other rules to help capture opportunities for extraordinary profit and growth that companies not observing these rules simply miss out on. In this authoritative yet easy-to-read book, you’ll explore inspiring case studies of real-world companies that have realised the tremendous potential of pricing transformation to unlock their firms’ latent profitability. You’ll also discover the foundational pricing concepts you need to understand if you aim to drive incredible results in your company’s top- and bottom lines. This book also offers: All the necessary ingredients for a successful, company-wide pricing transformation Clear explanations of the key elements that determine successful pricing - and how to maximize profitability at the pricing level Strategies for identifying present and future monetization opportunities Techniques for generating immediate wins, as well as strategies for generating long-term advantage A can’t-miss resource for managers, founders, executives, directors, and entrepreneurs with a stake in driving growth and profitability in their firms, The Ten Rules of Highly Effective Pricing will also earn a place on the bookshelves of business and management students learning about contemporary pricing strategy. 'Company marketers spend a lot of time on promotion and take pricing for granted. Zatta's new book The 10 Rules of Highly Effective Pricing will help wake up company marketers to the profit coming from creative pricing.’ - Philip Kotler, S. C. Johnson Distinguished Professor of International Marketing, Kellogg School of Management, Northwestern University
Book Synopsis The 10 Rules of Highly Effective Pricing by : Danilo Zatta
Download or read book The 10 Rules of Highly Effective Pricing written by Danilo Zatta and published by John Wiley & Sons. This book was released on 2023-11-30 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transform your organisation’s pricing strategy to take advantage of exciting new opportunities to unlock profitable growth In The Ten Rules of Highly Effective Pricing, renowned pricing strategist Danilo Zatta delivers an insightful and effective roadmap to taking control of your organisation’s monetization strategies and boosting profits. The author explains the 10 key elements to transform your price management; such as making pricing a CEO priority, instilling a culture of profit, selling value, differentiating prices, setting up the pricing governance, avoiding price wars and other rules to help capture opportunities for extraordinary profit and growth that companies not observing these rules simply miss out on. In this authoritative yet easy-to-read book, you’ll explore inspiring case studies of real-world companies that have realised the tremendous potential of pricing transformation to unlock their firms’ latent profitability. You’ll also discover the foundational pricing concepts you need to understand if you aim to drive incredible results in your company’s top- and bottom lines. This book also offers: All the necessary ingredients for a successful, company-wide pricing transformation Clear explanations of the key elements that determine successful pricing - and how to maximize profitability at the pricing level Strategies for identifying present and future monetization opportunities Techniques for generating immediate wins, as well as strategies for generating long-term advantage A can’t-miss resource for managers, founders, executives, directors, and entrepreneurs with a stake in driving growth and profitability in their firms, The Ten Rules of Highly Effective Pricing will also earn a place on the bookshelves of business and management students learning about contemporary pricing strategy. 'Company marketers spend a lot of time on promotion and take pricing for granted. Zatta's new book The 10 Rules of Highly Effective Pricing will help wake up company marketers to the profit coming from creative pricing.’ - Philip Kotler, S. C. Johnson Distinguished Professor of International Marketing, Kellogg School of Management, Northwestern University
