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How to Optimize Business Operations

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Edmund Lazarus discusses how to improve business operations.

Publicado en: Empresariales
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How to Optimize Business Operations

  1. 1. 3 Strategies to Optimize Business Operations EDMUND LAZARUS | EDMUNDLAZARUS.COM
  2. 2. For a business to survive in any market, it must maintain an advantage over its competitors. The most effective method to achieve and maintain a sustainable advantage is often the most overlooked method. Optimizing business operations can play a pivotal role in edging a business ahead of the competition.
  3. 3. Maintain Consistent Quality Whether a business provides a service or product, quality must be maintained while optimizing business operations. However, maintaining quality and decreasing waste is an effective method to improve business operations in itself. As referenced by The National Center for the Middle Market, reducing waste by reworking and reusing physical products, as well as refocusing wasted time in service-based businesses, can support significant growth for a business.
  4. 4. Improve and Utilize Technology Business processes develop over time, and because of this, most business processes do not adapt to new technologies very quickly. For this reason, leveraging existing and new technologies can boost a business ahead of its competitors. These technologies consist of automated emailing, newsletter creation, automated client reporting and dashboards, and customer relationship management (CRM) software and integrations.
  5. 5. Improve Customer Care Most businesses, including large corporations, boast of their customer-centric philosophies, but do these businesses really put their customers first? Emphasizing great customer service sounds appealing, but actually providing dynamic and personalized customer service can not only improve business operations, but contribute to the growth of a business. Customers are the reason for a business’ success, and making them happy will contribute to a thriving business environment.
  6. 6. About Edmund Lazarus Edmund Lazarus is a driven and experienced professional in the private equity industry. He is Managing Partner of EMK Capital an international private equity investment firm based in London.