Business Health - Business Ethics Series by EEE
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This document discusses business health and how to measure it. It defines business health as regularly checking the pulse, blood pressure, and sugar levels of a business. The business pulse is turnover and market share, with 20% yearly turnover increase considered healthy. Blood pressure refers to idle time or capacity, with efforts made to keep it minimal. A myopic business is like diabetes, being unaware of technological advances and alternate business routes. Finally, measuring business health includes tracking idle days/capacity, productivity, profitability, goal progress, and errors/complaints.
Business Health - Business Ethics Series by EEE
- 1. BUSINESS HEALTHPRESENTATION BY RAJASEKHAR POLAPRAGADA MANAGING DIRECTOR E ECONOMIC ENGINEERING EXCELLENCE BUSINESS SERIES OF LECTURES Economic Engineering Excellence
- 2. WHAT IS BUSINESS HEALTH ? Economic Engineering Excellence Q. What is business health ? Ans. Like we check pulse, BP, Sugar, we need to regularly check health of our business. Q. What is Business Pulse rate ? Ans. Pulse of business is Turnove and market share . Yearly increase of 20% in Turnover is healthy business. Maintaining Market share is important. For that, we have to keep an eye on competition.
- 3. WHAT IS PRESSURE OF BUSINESS ? Economic Engineering Excellence Q. What is BP ? Ans. Business Pressure in idle time in services, Idle capacity in manufacture . Efforts to keep it minimum is the key to business. If BP is good, think increasing capacity or expanding services. That growth keeps the pressure. Business pressure is important normal pressure will keep you busy and not higher pressure is good. Lower pressure makes the business dull and leads to ultimate closure.
- 4. WHAT IS MYOPIC BUSINESS ? Economic Engineering Excellence Myopic business is similar to diabetes and not aware Technologic advances Not tracking alternate business routes Price fluctuations of materials, service and manpower Oblivious of political and social issues Lack of SWOT analysys
- 5. SWOT ANALYSES ! Economic Engineering Excellence Strength, Weakness, opportunities and Threats Qualification, experience, wisdom and future prediction Business and trade analysis , membership in trade bodies. Association in powerful bodies and allies, partnerships .
- 6. MEASUREMENTS OF BUSINESS HEALTH Idle days or idle capacity . Productivity Profitability Progress on goals Error or complaint monitoring Economic Engineering Excellence
- 7. WHAT I LEARNT TO-DAY What is business health How to measure business health How to improve Business health and potential Economic Engineering Excellence