Industry Solutions
The Industry Solutions described on this page are organized under the general categories for-profit or not for-profit organizations. The solutions for particular companies in an industry illustrate the utilization of strategic and operations engines approach to creating sustainable competitive advantage through value creating strategies that add value over time to the organization.
For-Profit Organizations
A for-profit business or organization is an organization whose primary goal is to make money (a profit). For-profit companies generally sell products or provide a service to generate revenue. For-profit organizations can be classified into various organization types including:
The industry solutions include:
Not-for-Profit (Non-profit) Organizations
Non-profit organizations exist for dozens of reasons; the one thing they all have in common is that the purpose can't be to line people's pockets. The focus of nonprofit organization is on goals such as helping the community, and is concerned with money in so far as it keeps the organization operating. Nonprofits raise money but they spend it to further their mission, and not to benefit the donors or founders. Nonprofit organizations, large or small are seeking to solve specific community needs and can be of various types including:
The non-profit solutions include:
Key Results Areas in Any Business
A successful business requires success in a number of areas at decent levels in order to reach their potential; these areas include:
If a company doesn't have all these indicators at decent levels, the business is not doing as well as it could be doing.
There are several strategic development components in nonprofit success, starting with the mission statement that then helps establish its goals and objectives. A nonprofit will later evaluate its success of these components based on measured outcomes.
The Industry Solutions described on this page are organized under the general categories for-profit or not for-profit organizations. The solutions for particular companies in an industry illustrate the utilization of strategic and operations engines approach to creating sustainable competitive advantage through value creating strategies that add value over time to the organization.
For-Profit Organizations
A for-profit business or organization is an organization whose primary goal is to make money (a profit). For-profit companies generally sell products or provide a service to generate revenue. For-profit organizations can be classified into various organization types including:
- Service Business - A service type of business provides intangible products (products with no physical form) Service type firms offer professional skills, expertise, advice, and other similar products. Examples of service businesses are; barbershops, salons, repair shops, schools, banks, accounting firms, law firms.
- Merchandising Business - This type of business buys products at wholesale price and sells the same at retail price. Merchandising business sells a product without changing its form. Examples are; grocery stores, convenience stores, distributors, and other resellers.
- Manufacturing Business - A manufacturing business buys products with the intention of using them as materials in making a new product. A manufacturing business combines raw materials, labor, and factory overhead in its production process; the manufactured goods are then sold to customers.
The industry solutions include:
- Banking and Financial Services
- Healthcare
- Quick Service Restaurants
- Barbershop and Salons
- Mobile Food Services
- Retail Stores
- Convenience Stores
Not-for-Profit (Non-profit) Organizations
Non-profit organizations exist for dozens of reasons; the one thing they all have in common is that the purpose can't be to line people's pockets. The focus of nonprofit organization is on goals such as helping the community, and is concerned with money in so far as it keeps the organization operating. Nonprofits raise money but they spend it to further their mission, and not to benefit the donors or founders. Nonprofit organizations, large or small are seeking to solve specific community needs and can be of various types including:
- Public Charities – Provides low cost or free services to the public using funds received from the public, known as donations. Funds can be obtained through private donations or fund raising events specifically designed to solicit members or advocates of the organization.
- Social Advocacy Organizations – Member-based group that uses donations and member dues to send out information that promotes a particular social agenda. The group sets out to achieve specific goals without achieving a profit.
- Foundations – This type of organization often works to better the community, whether contributing financially to local charities, or holding events that benefit residents. They are funded by and contribute on behalf of another for-profit corporation.
- Trade and Professional Organizations – Organizations of this type are funded primarily through membership dues. People in the same organization can benefit from the activities of this type of non-profit.
The non-profit solutions include:
- Federal Credit Unions - These are Trade Organization non-profit type.
- Musicians Network Mecca Foundation - This is a Public Charity type organization.
Key Results Areas in Any Business
A successful business requires success in a number of areas at decent levels in order to reach their potential; these areas include:
- Customer Satisfaction - This is an indicator of how happy the organization's customers are with the products and services offerings. This is a measure of answers to the the following: How happy are your customers with your offerings? How well do you handle any post sale customer problems?How well do you retain your customers? How often do you experience repeat sales? Are your customers talking about you inpositive ways to others?
- Economic Gain - This is a measure of how well, in economic terms, the organization is doing. This is a measure of answers to the following: Is the business making money? Does the business have high sales and profits? Are your expenses minimized? Do you know your key numbers (gross revenue, gross profit, average margin, expenses, net profit, etc.) per month, quarter, and year? Do you know what products/services you offer that are the most profitable?
- Customer Value - This is an indicator of the customers perception of the value or benefits they get from using our offerings. This is a measure of answers to the following: Does your product or service reliably deliver the benefits you say it does? How often? How well does it compare to competitors' offerings?
- People Building - This is an indicator of how well the organization is growing as a result of growth in the skills, competencies, and knowledge of the people that comprise the organization.
- Organization Development - This is an indicator of the level of capacity to plan, organize, coordinare and control the functions and operations of the organization. It determines the answers to the following questions: Does your business run efficiently? Smoothly? Is the business aligned to a clearly defined mission? Are you sure your business is always moving in a pre-defined direction? Is your management team in harmony and agreement with the overall picture and direction of the company?
- Innovation - This is an indicator for how consistently the organization is developing new ideas, new approaches, new markets, and new products or services. A measure of this indicator is defined by answers to the following: How consistently are you developing new ideas - new approaches, new approaches, new markets, new products or services? Are you just resting on what you have always been selling?
If a company doesn't have all these indicators at decent levels, the business is not doing as well as it could be doing.
There are several strategic development components in nonprofit success, starting with the mission statement that then helps establish its goals and objectives. A nonprofit will later evaluate its success of these components based on measured outcomes.
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