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Thursday, October 13, 2005

Seven Traits Of Success

Gary, over at High Performance Business, offers these seven unifying concepts that seem to run through each successful High Performance Business (HPB).

  1. Become Customer Oriented
  2. Plan
  3. Embrace Technology
  4. Monitor Your Costs
  5. Improve Productivity
  6. Hire The Best People
  7. Solve Problems

Interestingly enough, many of these traits seem to be aligned with our own research at Six Disciplines that describe how high-performing businesses differ from low-performing businesses.

Our research indicates that the top 5 areas where the contrasts / differences were greatest include:

  1. Strength of the senior leadership team
  2. Attracts and retains quality people (aligns with #6)
  3. Disciplined approach to business (aligns with #2 and #7)
  4. Strategic use of technology (aligns with #3)
  5. Effective use of trusted relationships

These are all outlined in the chapter "How The Best Differ From The Rest" in Six Disciplines for Excellence.

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