“…The ability to create an environment which encourages teamwork, creativity, and a sense of ownership always acts as a magnet attracting top talents to an organization. Again entrepreneurial practices and culture which puts emphasis on creating a sense of belonging and ownership in the employees and encourages personal growth, freedom of expression, recognition of talent, go a long way to ensuring the success of the organization.

The common thread which runs through all successful companies are open communication systems, policies which encourage employee ingenuity and innovation, a good compensation and benefit system, the creation of employee ownership and involvement system in the organization and good collaboration with the competition and customer base. Other success practices of Successful companies include prudent financial management, quality service and products, and great customer service policies. Successful companies have environmental and community sensitivities and are alive to their social responsibilities…”

Culled from a presentation made during a workshop to a group of business owners.