1 Flashcards
A rule of conduct based on beliefs of what is right and wrong
Principles
It refers to any instrument or simple piece of equipment that you hold in your hands and used to do a particular kind of work
Tools
It is a particular method of doing an activity usually a method that involves practical skills
Techniques
10 principles in creating a business
Scalability
Big Ideas
Systems
Sustainability
Vision
Growth
Purpose
Autonomy
Profitability
Standards
Business which has a potential to grow for some instances people are going their business while aligning their strategy efforts on the present situation
Scalability
Greater opportunities in creating your business it plays a vital role for adopting to abrupt changes planning and aligning people to fit in the business
Big Ideas
Recognizing small and big parts contribute success and failures to the business
Systems
A business must be powerful able to harness all economic conditions in all market settings providing positive and meaningful quality results to its customers
Sustainability
All business needs internal growth when you are a beginner in a business
Growth
What do you want your business to be in the future you’re very purpose in creating a business place a vital role as as it is your guide in planning
Vision
Outlines all the things your company is doing in the present to reach your goal
Mission statement
Describes what your company is building toward in the future
Vision statement
A business is the results of a big dream in mind of the person who dream for it
Purpose
A business if not a part of the owner’s life but in fact its own entity. Business possesses a life of its own
Autonomy
A business help economic entity managing economic reality creating an economic certainty for the communities in which it thrive
Profitability
A business creates standard against all business measured as either successful or not
Standards
The driving forces that make it successful they are the backbone for the organization
Principles of a business
