BUSINESS SUCCESS | Definitions | Components | Principles | Prerequisites of blueprint | ppt
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This video is all about the business success, in BBA, MBA & other courses business success is a chapter in their subject called “VALUES AND ETHICS”. #value_and_ethics
So, in this video, there are several aspects of business success covered. After watching this video, you will be able to understand the following :
» Definitions of Success,
» Different components of Success,
» Principles of competitive business success, and
» Prerequisites to create the blueprint for success.
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(i) Definitions of success:
It is difficult to define success because success is personal and subjective in nature. That is why different people define success differently. Some people define success in terms of Goal Achievement whereas others view success as enjoying the journey.
(ii) Components of Success:
(a) HAPPINESS,
(b) ACHIEVEMENT,
(c) SIGNIFICANCE,
(d) LEGACY.
(iii) Principles of Success:
a) VISION
b) FOCUS ON CUSTOMERS
c) CREATIVITY AND INNOVATION
d) HARD WORK
e) DEDICATION
f) PERSEVERANCE AND FAITH
g) HONESTY
h) SELF-DISCIPLINE
i) ATTITUDE FOR LEARNING
j) PROFITS
k) CONFORMITY TO LAW
l) MANAGEMENT OF DIVERSITY
(vi) Prerequisites to create the blueprint for success:
a) Strategic planning
b) Environmental analysis
c) Wide knowledge
d) Foresight
e) Open mind
f) Adaptability
g) Confidence
h) Vision and drive
i) Competitiveness
j) Dedication and commitment
k) Innovation attitude
l) Dependability
m) Morality & social responsibility
n) Business connections
o) Leadership qualities
p) Desire to achieve
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