What are Key Business Areas?
Key Business Areas can be defined in a number of ways
- Things an organisation must accomplish to achieve its objectives.
- What an organisation must be competent (good at) to be successful.
- Things that are critical to the success of the organisation.
Some examples.
We must be good at
- Selling Our Goods
- Managing Our Stock
- Prospecting For New Business
- Managing Our Finances
- Controlling our Debtors
- Marketing Our Business
We then break these down to more specific items such as:
Managing Our Stock
- Purchasing The Right Goods
- Maintaining Stock Levels
Marketing Our Business
- LocalNewspaper Presence
- Direct Mail
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TKO Benefits
Management of business risks is documented and controlled, therefore reducing those risks
Measurement is improved and becomes more relevant to the goals of the business
By using TKO you will create a systems dependent business where the owner, manager and staff know "how we do it here".
TKO gives clarity to owners and staff as to their roles and responsibilities, improving accountability for both parties
The TKO interactive operations manual will make staff training easy and relevant
Staff retention will improve due to staff operating in a controlled systems dependent environment giving them greater security and confidence in the business
Attracting quality employees is easier if there is evidence of a systematic approach to business Increased productivity
TKO enhances the ability to analyse and track continuous improvement strategies whilst providing valuable and constructive feedback to employees
TKO increases the value of your business to a buyer, franchisee or investor in that all systems are documented and controlled in a manner that doesn't rely on any 'key' people and highlights the productivity gains in your enterprise.
With TKO it is easy to establish an audit trail as well as simplify the process of obtaining specific accreditation and/or Quality Assurance
