|"BERKONOMICS" - The four "P's" of building a great business. May 8th, 2012|
The four "P’s” of Building a Great Business.
The first "P” stands for people. The wrong person in a job causes all below or above that person in the production system, that depend upon that person, to operate at a reduced rate or quality of output. And if there are people depending upon the output of that wrongly-placed individual, they too will suffer from reduced resources to complete their jobs. The cost of a bad or failed placement in any position in a company’s critical chain is enormous and goes far beyond the salary paid to that individual.
The second "P” is for productivity. If a good person is failing at the job, it may be because you have not provided the resources necessary for that person to do the job expected. Hire a great sales person then fail to support him or her with a good marketing effort or a properly priced quality product, and that person will be set up to fail, and for reasons you might have fixed.
Then there is the third "P” – To read the rest of this post about financing your business cleanly, click HERE to go to the full insight at http://berkonomics.com.
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