Is Your Company In First Place?

Posted by Jim Connolly on 17 December, 2009  Email This Post -  Print This Post

Is your company the leader in your industry?  I don’t mean the largest company in your industry.  I mean, is your company the leader in your industry on the measure that really counts - percent of profit?

A higher percent of profit indicates some combination of lower costs, higher efficiency, leadership effectiveness, lower employee turnover, higher employee morale, more strategic focus, higher levels of innovation and/or a variety of other factors. 

Every industry that I’ve ever analyzed had readily available industry reports describing in detail the performance of various industry segments.  Find the data for your industry and focus on the percent of profit that companies in your industry have achieved?  How do you stack up?

If you’re not the industry leader in terms of percent of profit, find out how others are achieving a higher profit percentage than you are?  The real challenge is this.  If they can do it, why can’t you do it? 

Make a plan to improve your percent of profit and 2010 will be better year.

To your success!

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