Monday, August 3, 2009
Wealth Creation & Business Planning (Part I )
Business planning is the cause and Business Transformation is the effect . Sucessful Business Transformation projects equals to wealth creation as it, not only cut the cost by innovation , but also the increases the valuation of the company , by implementing new and innovative system .
Wealth creation obviously depends on the performance of a particular business cycle on terms structure of material , labour , technology which can capture the profit .
While developing the business plan, a number of combination of structures where seen in the base of competetive position of the competitors on a given market place. This makes business planning one of the critical strategic process , which ensures sustainable competetive advantage which can be later translated into profit.
(To be continued ...)