Five key elements that must be present for a revival to occur in any organization:
Efficiency: Cut headquarters expenses such as personnel and administrative costs.
Innovation: Set metrics and KPIs so that innovation is encouraged and supported.
Operational Capability: Let go of traditional hiring practices and put the right people in the right jobs.
Global Exposure: No country or company is an island. We are connected thanks to the Internet. Business, like everything else, must be able to compete on the global stage.
Brand Power: What is your reputation in the marketplace? What are you doing to create a positive impression? What are you going to engage with the world and let them know who you are and what you are about? Brand is more than an advertising tactic. In today’s global marketplace, your brand is your flag.
Without these five, nothing will happen. With them, anything is possible.
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