Success Factors

We believe that education plays a vital role in an upbringing of any human. It is one of the most important ingredients that contribute towards a person’s personality and character. With this vision Success Factor was established, a higher education advisory firm. With professionals committed to promote higher education amongst the youth of our country, after all they are the future. 

Success Factor aims to provide quality counseling and full assistance in Admissions and Visa process for prospective study abroad students.

What is Business Execution ?

Business Execution is the difference between planning for success and achieving success. Organizations around the globe dedicate countless hours and significant resources to developing comprehensive business strategies in pursuit of one singular goal: Success. Problems occur when companies have a brilliant strategy, but fail to execute.

SuccessFactors helps you close the business execution gap in the following ways:

Business Alignment

Business Alignment is one of the key elements of business execution excellence. It's aligning your company's execution to its strategy and making sure your workforce is working on the right things—every day. The process is made up of setting and aligning realistic, but challenging goals and then tracking and analyzing the progress on those goals. SuccessFactors Business Alignment products ensure that every group, team and individual in your organization are aligned to accomplish the things necessary to achieve true business success. Business Alignment is centered on three key processes:

• Communicating organizational strategy across the company
• Translating organizational goals into individual goals
• Monitoring progress against those goals using comprehensive reporting and dashboards
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Team Execution

 

After your business is aligned, you need to execute. Our collaboration software improves communication company-wide and allows employees to tap into the expertise of others in the organization. Our collaboration products are all about increasing employee and team productivity with:

• A more complete picture of skills, talents and projects
• A broad set of collaboration tools: micro-blogging; Wikis and blogs; file, photo, link, poll, and task sharing
• Personal activity feed to engage employees on what matters most
  

People Performance

People Performance is how the actual work gets done. It's making sure the right people are in the right places within your organization and are motivated to optimal performance. SuccessFactors equips business leaders and managers with a set of People Performance products that allow you to:

• Identify, cultivate, and retain your top talent
• Quickly and easily identify your high- and low-performers
• Facilitate specific and timely coaching and performance feedback
• Create a true pay-for-performance culture

By focusing on the key elements of Business Execution excellence—Business Alignment, Team Execution and People Performance—SuccessFactors Business Execution Software delivers real business impact. Find out how our Business Execution suite of products helps you align corporate goals from top-to-bottom and get all of your people working together on the right tasks to support your overall corporate objectives.

Integrated Business Execution 

Solutions
 

Driving employees to execute on individual goals and 

organizational strategy–every day–sets the stage for even 

greater levels of success.

Seamless execution is no easy task in any organization-large or small. Putting hundreds or even thousands of employees on the same page, at the same time, to create the best possible business result requires a synchronized effort. And, this effort starts at the top.

SuccessFactors’ time-tested, analyst-recommended solutions drive goal execution across your business from top-to-bottom. By focusing on the three pillars of Business Execution excellence—Business Alignment, Team Execution and People Performance—SuccessFactors Business Execution Software delivers real business impact. It provides the foundation for organizational success by giving you the tools to put the right people in the right place to work on the right things. Business execution is the difference between being ordinary and extraordinary.

SuccessFactors provides a unique suite of Business Execution products created especially for Small Businesses. These software solutions are web-based, affordable, easy to implement and scalable—capable of growing with your company.

Successful business execution requires you to have the right people in the right places for maximum impact throughout your organization.

Building and cultivating bench strength is a key element of how businesses prepare themselves for real results, today and into the future. You need to be able to proactively plan for organizational change. If necessary, you should be able to turn on a dime and quickly reshuffle talent when a new business opportunity arises or a key player suddenly departs.

SuccessFactors Succession Management helps identify, develop and retain talent at every level of your company.

Use our robust succession planning application to easily map every staffing move—across teams or across the world. Plus, create new department hiring plans, while providing employees with greater visibility into the future of their careers.

• Build bench strength. Gain visibility into your existing talent pools, and potential gaps, to proactively train and develop employees for key positions.
• Better assess your talent. Formulate valuable insights about your workforce by gathering information on backgrounds, expertise, performance, and career aspirations.
• Uncover "hidden" talent. Greatly expand your internal talent search efforts beyond your immediate sphere.
• Find the best candidate, every time. Easily find the "right employees" to fill your leadership gaps.

Succession planning provides proactive identification of your “go-to” employees. Using this information, you can develop them for upcoming job transitions without losing your valuable internal knowledge base. Learn how Succession Management and our integrated suite of Business Execution solutions can help your organization dramatically improve your alignment, execution, performance and results. 

Workforce planning decreases your organization's exposure to significant risks from global talent shortages or an aging workforce. 

Strategic workforce planning answers the question—“What are our business goals over the next several years and what kind of workforce will we need to reach those goals?" Once you know where you want to go, you can identify the type and amount of talent you need to get there.

Understanding and closing the gap between current and projected talent needs can make all the difference in your ability to execute strategy effectively.

SuccessFactors Workforce Planning helps ensure you have the right people with the right skills at the right time and cost to execute on corporate strategy now and in the future.

• Built for business execution. Fully integrated with the SuccessFactors Business Execution software suite, Workforce Planning delivers fact-based decisions that improve short- and long-term recruiting, succession, learning, development and other workforce initiatives. Your leaders can act with confidence when they have a clear understanding of the financial and operational implications of your plans.
• Expertise built in. With more than 30 years of expertise in defining, integrating and interpreting workforce information, designing workforce plans and developing strategic interventions, SuccessFactors has built their proven methodology and “strategy bank” right into the technology.
• Access to expert community. SuccessFactors consultants have proven excellence in workforce planning and are available to share best practices from hundreds of customers to accelerate your success. Customers join an active community of their peers to learn from each other and share their experiences.

Use Workforce Planning to reduce uncertainty and identify the right workforce strategies to put in place today to be prepared for the future. Learn how Workforce Planning and the rest of our integrated suite of business Execution solutions can help you prepare your organization and dramatically improve your alignment, execution, performance and results.

Key Success Factors of Your Small Business

Success, they say, is "where preparation and opportunity meet." But how do you define and measure success in your business? How do you know if your business is a success? Can you tell if you are on or off course? If you are off course, what corrective action(s) can be taken?
An important part of planning your business entails knowing the key things that can tell you when you have reached your goals. Called key success factors, these are indicators or milestones that measure your business achievements and help determine how well you are progressing towards your goals and objectives.

Without determining your key success factors, you run the risk of needing to make expensive changes of direction later on as you have not aligned your objectives to the success of your business. You must sit down and think what you really need to do to make your dream business a success.

1. Sell each unit at a profit. Evaluate each and every product that you sell and determine if you are selling them profitably. If not, you may need to identify how to make its current sales profitable, whether by reducing your costs for that product or increasing its price.
2. Continue to reduce overhead costs. A lower overhead should be a continuing objective for your business. You can cut costs by evaluating your insurance needs, reducing your reliance on outside consultants and service providers, or cutting down unnecessary supplies and equipment.
3. Develop new products while maintaining the high quality of existing products. Ensure that your products are created or chosen in response to the needs of your customers. Ask for customer feedback through surveys or direct interaction with them to find out what are the items that they need and expect from your business.
4. Find and retain high-value customers. The 80-20 rule of business states that 80 percent of your business will come from 20 percent of your customers. It is therefore critical that you exert the extra effort to ensure that you retain the business of your top customers.
5. Create and maintain the highest level of customer satisfaction. A very important success factor needed to sustain your business is to provide the best service to your customers. Satisfied customers are more likely to come back to you. Better yet, give your customers more than they expect.
The above are but a few of the key success factors that you can use for your business. Your key success factors must encompass all the important areas of your business, from finance, marketing and product development, sales and customer service, and human resources.
As a small and home business owner, understanding what you must do to make your business a success is the first step to your path to entrepreneurial success