According to Susan M. Heathfield, Editor for About.com's HR blog, Six Disciplines contracted with market research firm, Research for Action, to survey 314 businesses that employ 10-100 people to determine the factors that were most important in their success. They found five factors that stood out as most significant. In fact, they found that “high performing organizations scored at least 100% better on these five factors than their competitors.”
These were the top five success factors:
•The strength of the senior leadership team.
•The organization’s ability to attract and retain quality people.
•The organization's ability to adopt a disciplined approach to the business including working “on” the business to create plans and align the employees to execute the business plans.
•High performing companies made strategic use of technology.
•High performing companies developed relationships with trusted outside providers such as attorneys, finance and accounting professionals, and insurance professionals.
You can read the complete research findings in this white paper, Five Secrets of High Performing Organizations.
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