Preview

Three most important elements that contribute to success in business doing.

Good Essays
Open Document
Open Document
535 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Three most important elements that contribute to success in business doing.
Three most important elements that contribute to success in business doing. It is said that, “nothing ventured, nothing gained” to indicate that someone should do business if he or she wants to be rich. However, business is not easy and being successful in business doing is a more difficult thing. I myself think that there are three most important elements that contribute to success in business doing. First and foremost, One of the most important factor that contributes to success in business doing is the employer. In fact, the leaders are who set up and operate different components of a business such as: direction in enterprise, human supervision, choosing target markets and calling for investment. Actually, in order to establish a business, presidents have to carefully think about what they will sell and who their customers are. In addition, good employers will know how to find out best employees who also contribute to success of business and have flexible and suitable policies to keep employees’ faithful for a long time. Moreover, they themselves will discovery potential markets with various ways and develop it the support of effective co-workers. Another hard responsibility of masters is calling for investment. It is a difficult progress that requires them to concentrate their own capacity and experiences to convince investors believe in their products and potential developing in the future. So, the leaders who make huge and main success of a enterprise. Another main element contributing to success in business doing is the government support. In order to create favorable conditions for businessmen, the government may offer preferential policy in tax. Accordingly, there will be a period of 5-10 years when businessmen enjoy tax exemption or reduction. Furthermore, the government may give priority to businessmen by assigning land plots as business location with low land use right. There will be more support in site clearance, too. Businessmen can have more

You May Also Find These Documents Helpful

  • Better Essays

    Bmgt365 FinalProject

    • 2673 Words
    • 8 Pages

    Businesses, whether big or small, strive off of both managers and leaders. To reach success,…

    • 2673 Words
    • 8 Pages
    Better Essays
  • Good Essays

    However, one thinks that leading is the most important role in management. As a good leader one will inspire others to do their best in order to accomplish ones objectives. One must motivate employee interest, communicate well, provide adequate training and use power effectively to get them to work hard to attain ones goal. According to Schyve, M.D. (2009), poor communication, inadequate training, and lack of procedural compliance—often can be traced back to the failure of leadership to institute systemic solutions to ensure safety. Also, for effective leadership one must first understand employee’s values, emotions, attitudes, and personalities. “Through leading, managers build commitments, encourage activities that support goals, and influence others to do their best work on the organization’s behalf (Lombardi & Schermerhorn, 2007).” Without good leadership, all other functions seem to fall apart.…

    • 381 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Upon evaluation of the 'Leading the people' skill area; human resources leadership skill, relationship management and influencing behavior, diversity, shared decision making are all strengths of this writer (AACN, 2008 ). A self reflection of the 'creating the leader in you' area revealed, personal and professional accountability, career planning, personal journey disciplines and reflective practice reference behaviors/tenants are strengths of this author as well (AACN, 2008 ). In short this author is really strong in the 'Art of Leading people' and developing the ' Leader Within' aspects. This leader needs considerable improvement in the 'Managing Business' aspect, especially financial management and technology (AACN, 2008 ).…

    • 1197 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    When reality not all leaders can lead. All companies do not have the same issues so the theory one size fits all does not apply to all organizations. The rules of engagement of a successful leader resides on the way the leader leads and how well the leader can adapt to change and apply it to that particular situation. The author speaks on three particular leadership transitions that are very important. The first take is to be an expert at tending to the customers and focusing on marketing. The second consist of project executors who consistently deal with day to day issues. The third target is to support the functioning…

    • 1279 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Similarly managers are leaders and their leadership greatly determines the attitude of those under them. Business owners and managers employ any means at their disposal in an effort to maximize their profits. Many people associate the success of a business with the gifts and talents of its managers. More successful businesses are seen to have succeeded because of their able and talented managers. In case of failure, the failure is interpreted to mean that the managers did not possess the necessary skills or were not gifted in a particular field of management.…

    • 1149 Words
    • 5 Pages
    Good Essays
  • Better Essays

    In the pursuit of a Masters of Business Administration (MBA) at the University of Phoenix have given understanding in the functional areas of business. Every organization has leaders that must study different areas within that organization. In order for them to work in these different areas in the organization, he or she must focus on the functional skills and responsibilities that they will carry out for the organization to become successful. Each employee has a responsibility within the organization, which will allow them to build and communicate the organizations goals.…

    • 1144 Words
    • 5 Pages
    Better Essays
  • Good Essays

    This view depicts leadership as an important function of management or to make it simpler, leadership is shown as an important managerial role. In this managerial function thrust is on creation of long term vision, development of values, culture and behaviours necessary for pursuing the vision and inspiring people for voluntary commitment to organizational cause. And yet at the same time it is leadership, which is responsible for designing and developing a suitable management system for the organization, to ensure systematic and orderly accomplishment of desired goals.…

    • 746 Words
    • 3 Pages
    Good Essays
  • Best Essays

    From the dawn of time, the world has been shaped and changed through the efforts of leaders. Their foresight and vision has lead to some of the most amazing discoveries mankind has seen, as well as the darkest moments of humanity. Leaders range from the religious in the likes of Jesus Christ, to the political leaders like Winston Church Hill. This also extends to the fanatic dictators like Napoleon Bonaparte and Adolf Hitler. All have played significant roles in the shaping of the world we live in today. However, the authors of this document will be focusing on the area of business. The necessary skills essential for effective leadership and the qualities and traits found in successful business leaders will be examined. This will be demonstrated through the leadership examples of Ricardo Semler, CEO of the Brazilian company SEMCO.…

    • 3979 Words
    • 16 Pages
    Best Essays
  • Best Essays

    Leadership Characteristics

    • 4142 Words
    • 17 Pages

    Since early beginning of the last century, the leadership has emerged as an important issue in the business regard of the dramatic transformation in the world economy. Thus far, the following report represents an attempt to shed the light on the leadership issue.…

    • 4142 Words
    • 17 Pages
    Best Essays
  • Better Essays

    2. Give them the tools to do a good job - Put yourself in your employees' shoes. Would you be able to do a better job if:…

    • 620 Words
    • 3 Pages
    Better Essays
  • Good Essays

    Being successful overall is hard to accomplish. There has to be lots of time associated with having success. Also, you have to portray great qualities, skills and experience to excel in your career. Five of the most important qualities is self-motivation, interpersonal skills, thinking strategically, innovation and being open to change. In this paper I will explain how these qualities fit into my personal success throughout my life, education and career. By using habits, knowledge and mindsets necessary to succeed.…

    • 527 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Leadership Concept Paper

    • 1071 Words
    • 5 Pages

    The level of difficulty a new leader will experience throughout the progression of business growth will depend on the leader’s ability. Any person can become a successful leader either through luck or through hard work. Luck may come in the form of inheritance or support from a family member or a close contact. Ability will be earned through hard work and dedication, which will reward the leader with knowledge and respect. To compare the two, luck may be a quicker way to success, however, ability through hard work and dedication will surely build a stronger foundation for ability to maintain the earned power;…

    • 1071 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Professional Communication

    • 1816 Words
    • 8 Pages

    The international world of business is always looking for opportunities to improve their products and services. In more recent years leaders in the world of business have achieved great success through their creativity, originality, ingenuity and resourcefulness.…

    • 1816 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    References: Biasi, A. (2012) Increasing Perceived Value (of your product or service). Smart Marketing Solutions. http://www.smartmarketingllc.com/2012/01/14/increasing-perceived-value-of-your-product-or-service/…

    • 1810 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    As a definition, critical success factors refer to "the limited number of areas in which satisfactory results will ensure successful competitive performance for the individual, department, or organization”.…

    • 4841 Words
    • 15 Pages
    Better Essays