Good Companies That Become Great Companies

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Good Companies That Become Great Companies

Change management, Strategic planning, motivation, alignment and company focus does not seem like they hold much to mean it is a breakthrough to great companies. Great companies’ move away from this mostly said philosophies and provides a good ailment that best supports the decision under each system. This factors fail to establish decision due to lack of various factors like environment for decision making, wrong people taking up wrong seats, wrong leadership and systems coupled with self-esteemed goals. Most companies fail to be at the top as a result of un-integrated systems that fully does not embrace decision making and implementation to the bottom line level.

The other essential factor that should have been in the black box is innovation which is what most good-to-great companies have used as a tool to show consistence and profound growth. Innovation is best used to show change of a particular product or to give a monopoly situation in the market especially where it is used well with technology and right people.

Another important factor is the business environment which forms the basis of application on to which every practice is carried out. Business environment may refer to the entire department or divisions and transferring of employee within various areas of expertise. This is essential if the grounds are to be aligned to the right people since this will result to deep passion of an employees’ work giving the firm an opportunity to prove that it is best in the world on a particular field. A company can use its workforce and operation environment for a period of time to create an edge from the performing companies. Measurement, analysis, and Knowledge management being in the box could be used to describe how a firm uses the data to improve its performance by information obtained (Freeman, 2005).