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Current Business Principles, Essay Example

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Words: 232

Essay

Some of the current business principles that are being applied in my work place and that have changed the way things are being run are following. The cultures of believing in yourself, development of one’s personal skills to hence confidence, gaining of experience to improve the value of the business, keeping yourself up to date in order to remain current and setting good examples by working the talk. All these have improved efficiency and the productivity at work place.

Applying some of the concepts like ROI and entrepreneurship on public health help to improve the efficiency and the way services in the public health sector are being delivered. This is because providing these services in a business environment where the motivating factors are profits and competition, means efficiency must be improved in order to remain competitive.

Leaders can avoid derailment through employing some of these strategies.  The first one is for all the leaders to come to the realization that leadership development is ongoing and dynamic. Hence the ability to master the art of learning and developing continuously is critical to the success of the business in the modern world.  The need for a new mindset and new behavior are also the other key aspects required by the leaders in order to be able to think, solve problems and make decisions.  Leaders should therefore be flexible and be able to ‘fill in the gaps’.

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