What makes a business successful?

For a company to be successful (profitable), it needs to be sensible and aware to the physical, psychological, financial and emotional safety of its employees, customers and community and it is a necessity that its products of sell to be free from harm. To ensure the safety, a company needs to be accountable and transparent in all its dealings. Business accountability and transparency differs slightly from the nature of the business. For a non for profit organization, accountability and transparency may mean:  Accurate disclosure of information about revenue and expenditures. For a business in health sector, accountability and transparency may mean:  Explaining in colloquial language the rights of a patient to the patient or his/her families. For a pharmaceutical company, accountability and transparency may mean:  Using common language  Defining scientific terms

Safety

A company’s survival is dependent upon the safety of and reflected upon the following:  Employees  Customers  Product  Community The nature safety comes in many forms for which some are evident and others subtle. These forms are:  Physical  Psychological  Financial  Emotional

Trust

It said that building trust takes longer than losing it. A company (after establishing trust from its investors, customers, suppliers, employees and community), needs to do maintaining through continuous and regular ‘check ups’ of the state of that trust such as:  Seriousness in resolving any minute complaints

Stages toward success

 Selection of the best employees (professionals, honest, dedicated, hard workers and loyal)  Periodic training, encouragements, informing, reinforcing and supporting the employees  Reviewing and updating the rights of the employees  Involving and including the employees in various plans and changes of the company

Investment

The base to all failures is the use of a careless language. Knowledgeable financial analysts are aware that using a careless language provoke litigation in the business sector. For example, the writers that describe stock sales know that they must follow specific laws to protect the investors. These specific laws are devoid from misleading statements. As the result, the investors in stocks know exactly whether they have a profit or a loss. A successful investment, whether from within the company or elsewhere, starts with its qualified employees in terms of:  Professionalism  Honesty  Dedication  Hard work  Loyalty

What is Business Ethics?

What is Business?