In: Accounting
components of a successful organization are organizational learning, business process improvement,
The key components behind successful organisations are:
1. GREAT LEADERSHIP: It is the leadership attributes of an organisation that takes it to the greatest heights. Leaders take the strategic decision and provide strategic direction to an organisation.
2. EFFECTIVE TEAM: Without team efforts, no organisation can achieve the greatest heights. It is only with joint efforts by the organisational employees that wonders are achieved.
3. OUT OF THE BOX STRATEGY: Every successful organisation has strategies that are different from its competitors and which created a difference between them. Out of the box thinking is important to achieve the extra mile.
4. EFFICIENT PERFORMANCE: Along with effective teams, comes efficient performance in the long run by the employee force.
5. LEARING AND GROWTH : None of the organisation can continue to excel without learning, changing with times, adopting new strategies, growing with the requirements of time.