What are the key aspects and elements to make your business or company work well and efficiently?

All Businesses have Internal as well as External Aspects for effectiveness and efficiency in work.

Internal Aspects

Companies should have well defined Policies and Procedures to follow

Key Performance Indicator should be used, for accountability and effectiveness

Proper allocation of Budget to each Department is important

Planning and Forecasting in all department is also important specially Sales, Finance, HR and IT Department

Implementation of ERP and On time and Accurate Data feeding in the system is also important.

External Aspects

Customer Relationship and Customer Service

Relationship with Government Bodies

Relationship with Key Stake Holder