| Topic : Business Success Through Project Management |
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Activity:
131 views;
last activity : 10 28 2010 18:12:31 +0000
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Poor Management
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Lack of Planning
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Misconeption about the Client's Need & Wants.
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Market failure
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Lack of a clear Vision supported by Goals and Objectives.
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Order Costing...............
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Finance, Technical & marketing
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Poor Management
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Poor Management
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Strategical failures
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Poor management & planning
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poor management
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i think both are same...
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Lack of planning
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poor management and planning
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Friends,many reports say poor management is the number one reason for business failures. New business owners frequently lack relevant business and management expertise in areas such as finance, purchasing, selling, production, and hiring and managing employees. Unless they recognize what they don't do well, and seek help, business owners may soon face disaster. They must also be educated and alert to fraud, and put into place measures to avoid it. |
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For Success full business : Business man required following skill.
1) Clear Vison
2) Proper Planing
4) Set the Objective
6) Market Segmentation
If the busines man thing on above points i think he could not became the looser
I support the view expressed by Anjali that poor management will lead to business failure, management includes mangement of several factors contributing the success of the business. Mismanagement of these will be mismangement of the business and will lead to failure insted of success. wrong feasibility study, financial break down, market failure atc.. will come under the perview of management and therefore management includes all these. When all these in a poor status buisiness will defenitly be a failure.
Ofcourse, poor management is the main reason for failure of any business venture right from conception of ideas about launching a particular kind of enterprise till commissioning. First of all, there should be sufficient market study on the subject to evaluate viability of the project. Expert hands should be hired to execute the project and manage it to commissioning and effective launching at the right place in the right time to be successful. I read somewhere : Asian Markets were lagging behind in the past mainly due to dearth of good managers, compared to European or Western markets.
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Business planning should cover aspects such as marketing, finance, sales and promotional plans, as well as detailed breakdowns of costings and profit predictions. It is often said that 'failing to plan, is planning to fail'. Anyone who has ever been in charge of a successful major event knows that his planning was not accurate. It is critical for all businesses to have a business plan. Many small businesses fail because of fundamental shortcomings in their business planning. It must be realistic and based on accurate, current information and educated projections for the future. |
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A major reason for Failure or Success of a Business Model, the wrong anticipation of the Trends and Mis-calculation of the Clients's Needs & Wants.
Also, the vision of the leader has to be clear in-terms of "What they want & What they do-not want?" |
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Two of the reasons for Market failures are 1)Technology and 2)Economies of scale. Both are interconnected when technology improve the existing companies low on technologies will find it difficult to compete with the one new entrant who creates economies of scale using technology improvement like low employee rate and lower cost in manufacturing to old companies who has high employee rate and high cost in production. Businesses fail due to the existense of large risk components in their processes. Like large operational risk, large business risk. Operational riks is high when the overheads are high and Business risk is high when their is more than optimal debt in the Capital Structure. Product obsolence can make businesses to fail. Costly and inefficient processes can make businesses to fail again. Market risks can make businesses to fail due to lowering of stock prices or entry of competitors with better products. |
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The success of a Vision does not depend on its originality, instead on how effectively it serves the interest of the Organisation, its stakeholders, employees etc. A vision transforms into reality when everyone involved gets a clear idea of what they are doing, where they should be heading to. A Vision Statement should be combined with Goals and Objectives and Communication plays the major role in getting collaborative efforts towards achieving it. |
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Yes I support to Rashamis Idia, Because in business vision pay the main roll, withouth Vision you cant gest Success. Visions likes our Dreems.
Success = Vision + Benchmar
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New Production Item Costing is Important to Develop. |
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For any business to succeed 3 departments are to be taken care of. Finance, Technical and Marketing. Failure of any one department will adversely affect the whole business. Right people at the right job, healthy atmosphere will further improve the chances of success |
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Dear Anjali, particularly in our industry, real estate, majority of the bosses are not educationally qualified instead they started as a contractor ages ago and slowly grown into real estate tycoons. They always see only the immediate problem and planning about the future doesn't even exists. That is why global recession hit real estate worse.
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As well Known to everybody that Management has to take decisions on What to be done for improving the Business. The employers are the one who will give there Best for the company but ultimately the decision is on the high level management " where management have to choose a right Path by collaborating various ideas/Perceptions of the employers." |
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lack of stratefy
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Poor Management in terms of Managing Funds, Business Processes, Inventory & People working Around..
Improper Planning of Business processes
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Poor in managing the internal and external clients / customers.
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planning is part of management only... so its poor management
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Unplanned structure of the management and strategy
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I feel its the combination of both poor management and improper planning.....the reason for improper planning is managements inability to forecast the events/activities.
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I agree with you Sir. Time is running bad for many companies it seems. But I hope that things will change soon. |