- September 4, 2017
- Posted by: Wevio
- Category: General, Market Research & Analysis, Sales & Marketing, Wevio Blog
Mistakes are inevitable in any business and more importantly, they always leave a lesson to learn which a business school will never be able to teach. But, there are few mistakes which can bail you out and hence we have made a list of those mistakes which can be avoided as those are foreseeable and avoidable.
It is one bad mistake made by the businesses by not valuing their employees and expecting them to work properly with hundred percent efficiency but the opposite happens when they feel under-valued and unimportant. Employees are the first and foremost asset of the company and if you want your organization to prosper, you need to value your employees by not only paying them good but by also respecting them and giving them a sense of emotional value.
Ignoring whether technological changes or societal changes is harmful as much as that it can bail your company out, the businesses like of BlackBerry and Nokia ran out of business just because they thought they were doing great by ignoring the market changes and technological changes, which turned on them very hard and chalked them out of market.
Lack of Diverse Team
It is daunting to not have a diversified team in this world of diversification, it may leave your business stoned at situations. You need to keep a very diversified team according to the market needs and to keep up with the competitors. It may turn out that your business is out of life if you do not have right team in place.
Marketing is Important and precautions are also necessary with it, businesses today are exaggerating about their product and surely getting short term results but on a longer run it is just ruining the image of your brand and leaving you with no choice other than winding up of business. So, keep in mind that marketing is important as much as is required and a lot of it can also prove to be harmful.
Though it sounds like a buzz word but it is a real issue with the companies today, the business people think that they are the most punctual and disciplined but still what they lack is time management, they knowingly or unknowingly waste their precious time on so many useless things today that they end up having little time left for most important things.
No Recreational Activities
Companies are so busy today with their schedule that they never think about the recreational activities which can hold a lot of creativity in the organization, the employees will be bored of the same old routine work but the companies are not bothered about it and that is the reason for inefficiencies in the organization.
There are so many more mistakes that an organization make but those could not be avoided as they might not be foreseeable but the mistakes such as the ones which are mentioned above can drive things terribly wrong and you might end up winding your business. So, make sure you keep these things in your not-to-do-list.