3 Key Attributes of Successful Companies
All successful companies has 3 key attributes:
- Successful companies have skilled people at all levels inside the company, including leaders, managers, and capable workforce.
- Successful companies have strong relationship with groups outside the company. For example, successful companies develop win-win relationships with suppliers and excel in customer relationship management.
- Success companies have enough funding to execute their plans and support their operations. Most companies need to cash to purchase land, buildings, equipment, and materials. Companies can reinvest a portion of their earnings, but most growing companies must also raise additional funds externally by some combination of selling stock and/or borrowing in the financial markets.
Just as a stool needs all three legs to stand, a successful company must have all three attributes:
* Skilled People
* Strong External Relationship
* Sufficient Capital
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