To profit, you need to increase sales & reduce costs at the same time.
Once you are a absolute monopoly, you have reached solid Product Differentiation. To increase profit, do not increase price, but decrease price, to have reached solid Cost Leadership also. A solid Product Differentiation & solid Cost Leadership Monopoly will have superb sales & profit. Because lower price, you have more inventory cycle per staff, more inventory cycle per location rental etc. You have lesser idle variable & fixed assets.
If you buy the office or shop unit assets, I think you should not expense the office or shop unit depreciation expense. This will make your business more profitable. Moreover, because later when you sell the office or shop unit assets, you will get the investment money back. It is actually not an expense, but an investment.
The Foundations of Person & Corporation.
Long Term Vision & Monthly Objectives.
Bias For Actions.
Close To Customers.
Autonomy & Entrepreneurship.
Productivity Through People.
Hands-on, Values-driven.
Close To Knitting.
Simple Form, Lean Staff.
Build strong entrenched unique market niches for all your products. If you cannot do better than an existing competitor, do not enter the market. Search for new niche markets. Be the first to enter the markets.
In Singapore, some business can only survive with one big branch, as the sales are not big enough, having more branches will cannibalize sales. . However, in Singapore, some business will profit with each additional branch as the sales potential is large. Know your sales forecast.
Have a system that is no false stroke, no waste movements. Everything is perfect and forever improving.
Feedbacks from past actions so as to know the effectiveness of past actions. Then make decision to stay the same path or change actions path.
Cash flows are strong. Plus cash amount is greater than minus cash amount.
Wal-mart Style. Help every suppliers to cut cost to help parent corporation.
Cstan98 Style. Help every employees & customers to cut cost to help parent corporation.
Many key Officers to write monthly accurate & detailed Reports to help the CEO make decisions.
Turn individual skills into a corporation skills.
Turn individual skills into a corporation skills.
Turn individual skills into a corporation skills.
Turn individual skills into a corporation skills.
Turn individual skills into a corporation skills.
Good People = Good Corporation.
Depend on CEO.
Everything can be "calculated". Your move what will happen. Your enemy move what will happen.
Understand terrains. Know the products markets terrains before going into them.
Training. Train your people to be a stronger fighting force.
R&D big steps ahead with new innovative products.
Streamline Operations to cut costs & wastes.
MacDonald Style. Mass produce the products with job stations, work flow, simple jobs designs & descriptions.
Cstan98 Style. Turn every production & service factory into a McDonald Restaurant.
Build up emergency funds reserve for rainy days.
Apple Style. Keep huge corporate cash reserves.
Cstan98 Style. Many successful products to have huge cash reserves.
7-11 Style. Do not increase salary. Increase more low-salary staffs to lessen work loads.
Cstan98 Style. Promote Good Officers, but pay remain the same. When company cannot afford increase salary.
Invest in cost-effective IT products to cut costs & to simplify the operations.
IBM Style. Adopt the latest technology into Company.
Cstan98 Style. Step by step adopt new IT technology into Company to increase productivity.
Shell Corporation Style. 'Helicopter View'. See a mid overview of the business units.
Cstan98 Style. Latest Satellite View. Can see-small-all view. Can see-big-details view. Can see oil under soil. Can see infra red. Can see country missiles threats. Can transmit communications signals. Can attack anti-satellite missiles.