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I developed the following formula for corporate success almost 20 years ago and whenever I have been able to apply it good things have happened:
Vision (Integrity + Quality + Innovation + Focus)
Great Talent (Process + Accountability)
If you attempt to solve the aforementioned equation you will find that the answer equals sustainable, profitable growth. You will also note that the variables contained in the equation strongly mirror the topics that I most frequently write about. This is no coincidence, but rather a strong indication of how important I believe these key success metrics to be. Success doesn't just happen by osmosis and it doesn't just happen because you work hard. Rather success is created through a combination of planned, purpose driven, consistent and intelligent efforts.
The formula referenced above will allow you to create brand equity, recruit and retain talented employees, create a positive and productive corporate culture, maintain a competitive edge, increase customer lifecycle value and generate sustainable revenue and margin growth. Don't sacrifice what could be by settling for a haphazard approach to business?-Engineer your business process through best practices design.
Mike Myatt serves as the Managing Director and Chief Strategy Officer at N2growth, the leading venture growth consultancy in the US. He is also the author and moderator of the N2growth Blog. You can reach Mr. Myatt by Phone: 800-944-GoN2 (4662); E-Mail: firstname.lastname@example.org ; or Online: www.n2growth.com
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