In each example in the post,
the companies are striving to balance
– financial growth with
– stability,
to achieve sustained success over time.
It might seem like the best way for a company to do well is to lay off workers and cut costs.
But that’s not always true!
There’s a special way of improving called 𝗣𝗢𝗢𝗚𝗜.
POOGI stands for 𝗣rocess of ongoing improvement.
It shows that companies can do better over time by
making small improvements instead of big cuts.
It’s like planting a garden.
If you keep making small improvements,
you’ll have a bigger and better garden in the long run.
And like how you need both
– sunshine and
– rain
for plants to grow,
companies need both
– financial growth and
– stability to do well.
So instead of just focusing on making money now,
companies need to think about how to make money in the future while also staying strong and stable.
1. 𝗘𝘅𝗮𝗺𝗽𝗹𝗲 𝗼𝗳 𝗥𝗲𝗱 𝗖𝘂𝗿𝘃𝗲 𝗚𝗿𝗼𝘄𝘁𝗵:
A jewellery retailer invests in New Product Development (NPD) to develop new products.
This helps companies meet the changing needs of their customers. This leads to an increase in
– sales and
– profits
over time.
They capture a larger market share and stay ahead of their competitors.
2. 𝗘𝘅𝗮𝗺𝗽𝗹𝗲 𝗼𝗳 𝗚𝗿𝗲𝗲𝗻 𝗖𝘂𝗿𝘃𝗲 𝗦𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆:
A manufacturing company invests in employee training and development programs. This leads to
– increased efficiency and
– reduced costs.
This helps them maintain a stable level of profitability and weather economic downturns.
3. 𝗘𝘅𝗮𝗺𝗽𝗹𝗲 𝗼𝗳 𝗥𝗲𝗱 𝗮𝗻𝗱 𝗚𝗿𝗲𝗲𝗻 𝗖𝘂𝗿𝘃𝗲 𝗕𝗮𝗹𝗮𝗻𝗰𝗲:
A retail company invests in
– new store locations and
– marketing campaigns
to increase sales and profits.
But, they also focus on
– availability of their best sellers, and
– maintaining healthy relationships with their suppliers & customers.
This ensures their stability for the long term.
