Saturday, May 26, 2012

Industry Focus

     It is very important for business to look around and see what is going on the industry. This is very important for survival in the competitive marketplace. This broader perspective helps organizations to introduce or enhance products and services more effectively and efficiently.

Vision, Mission, Strategy, Goals, and Objectives - All these are important for business.

Why are some businesses not able to compete with other companies in the Information technology industry? These companies that are unable to compete are not able to cope up with the industry trends and practices.

In an article on HP layoffs hp-layoffs-a-sign-of-bad-management,  the author asks what can CEO do when company is not performing well? The answer is CEO has to understand industry trends and practices and perform SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis to find out why the company's strategy is not working.  

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