Factors That Play a Part in Running A Business?
Topic: Motivation, Teams & Teamwork and Strategy
There are many key factors that
play essential roles in the upbringing of a business and roles that matter to
keep the business afloat with intentions of striving for longevity and financial
success. The three factors I will be speaking on in this blog are three factors
that I feel play a vital role in the business world and contribute to whether a
company can become and remain successful. Those factors I’m referring to are
teams & teamwork, motivation and strategy. All play a critical position
when jump-starting and running a company in which I will go more into detail
about throughout the remainder of the blog.
With motivated employees and
managers pushing them to strive for the best can create a great work
environment that leads to employees putting forth their best work and effort
for the company. Motivation is key in a business because those employees
working day in, day out determines if the company makes a profitable income or
not. Keeping the employees motivated
relies on the upper officials, managers and the company itself. The company
should create high standards for their employees and give them something to be
excited about. To give them something to be excited about, give out rewards for
those who exceed standards and contribute to success in their field. With this
shows that hard work is paying off for those whom are extrinsic and may seek
and thrive off of receiving rewards every so often for the work they’ve put in
for the company. For managers they should be the ones who want to help employees
succeed, because people want careers not jobs and with that they want to learn
and develop. Managers should be somewhat of a team player but still doing their
job at the same time setting a high personal example for the employees. Along
with giving responsibilities early, setting & enforcing high standards and
just being available when needed will keep the individuals around them self
motivated. 
“Teamwork makes the dream
work”. This quote sums up and gives you
the visual idea of what could concur if all minds were put together for a cause.
Company’s benefit off the work done by teams because theory that multiple minds
are better than one proves to be correct often. With having teams that work
well together and thrive off one another creates endless possibilities and
great results. What one may not know, you have many others that may know a
specific answer. When one is slipping and falling behind, others can pick up
the slack and pick up where it was left. A great example on how positive
results can come from teamwork is how the creators of Google came about with
the idea of the most popular search engine there is. Both Larry Page and Sergey
Brin had opposite viewpoints on many things were two very strong opinionated
individuals who disagreed on an abundance of things. All of their disagreements
were put aside though when they shared an interest in the idea of creating a
search engine that could have a tremendous impact on the World Wide Web. With
each having talents in different fields that complimented one another, it
helped make the process of creating the search engine much easier.
All the previous factors I spoke on
are critical but are worth nothing without a business strategy mapped out. A
business strategy can be defined as tactics and methods you will use to manage
your business. It’s important to have an
effective business strategy so that managers and employees can have an idea and
see the direction a company is taking. Business strategies should be ones that
utilize company resources in which will give the company an upper hand over its
competitors. With using an inefficient strategy and misuse of resources a
company can lose out on customers, market share and most importantly money. Having
an effective strategy can help a company remain prioritized and organized, all
which are needed if a company has plans of longevity and expansion.
A company just doesn’t run itself,
not one individual can do all the work and plan a business by him or herself.
It takes a team, teamwork, a little motivation and strategic planning to make
things work in your favor to succeed. One can only do so much for so long but
will go further with the factors mentioned above.
http://voices.yahoo.com/google-inc-did-google-originate-330462.html
