Continued from page 1
The Business Development Process The business development process is
response to
unending dynamism of
business world. It equips
entrepreneur with
necessary tools to preempt
continuous changes happening around. The process is comprised of three elemental stages: innovation, quantification and orchestration.
The business development program requires
following aspects to be defined: Your Primary Aim. The owner’s primary aim should center on what he really wishes, needs and wants for his life. Defining this will push
owner to pursue his defined entrepreneurial dreams.
Your Strategic Objectives. This contains standards that help
owner achieve his goals for his business. This should answer
question: What purpose will this serve my primary aim?
Your Organizational Strategy. Business owners should learn how to appreciate
value of organizational structures. Some points to consider are organizing around personalities, organizing your company, and position contract.
Your Management Strategy. As
owner you should recognize
truth that
successful implementation of a management strategy is not dependent on
people who could implement it but on
system instead.
Your People Strategy. This refers to
approach you take towards your people and their work. To make people appreciate
work they do, you should make them understand
idea behind each of their task assignments.
Your Marketing Strategy. Here is
stage where all attention suddenly shifts from owner to
customer. You set aside your personal goals first and start focusing on
customer’s needs.
Your Systems Strategy. There are three kinds of systems in a business:
hard systems,
soft systems and
information systems. The hard systems refer to all those in your business that are inanimate and has no life. The soft systems refer to all those that could be living or inanimate. The information systems are everything else in
business that provides you with data relating to how
two earlier systems interact.

Summary By: Regine P. Azurin
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