Archive for the ‘Industry’ category

Industry Standards in Small Business Plans

March 16th, 2011

The purpose of adopting a quality standards framework is to enable and encourage small businesses to strive for excellence. In some industries, such standards are imposed by government regulations. In fact, the drive for compliance is becoming more and more the norm in an effort to guarantee a minimum level of quality of services to customers.

Effective small business owners and managers engage in best practice activities anyway, and the adopting of standards underpins their business policy development. They take a proactive approach to striving for excellence in their business because they know that by doing so they will achieve highly successful financial results and their key business objectives.

The structure for developing a set of standards within your business requires thinking about the kind of business you are in. The next step is to make a commitment to best practice in the industry sector of which your business is a part.

The following seven areas serve as a guide for aligning and integrating excellence in business:

  1. Build leadership and management capacity, Implementing this principle ensures that the business owner and managers are committed and dedicated to the purpose and the direction of the business. The leaders of the business show the way, through their own beliefs, attitudes and behavior. They engage in their own leadership skills development as a constant.The leaders in the business are the ones who must live the mission, vision and values of the business, on a daily basis and at all times in everything that they say and do. They adopt an ‘always learning’ mindset. » Read more: Industry Standards in Small Business Plans