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Business strategy
Why a business owner must understand core business operation.
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[QUOTE="Etini, post: 343401, member: 90141"] It is easy for a business owner to just be an entrepreneur without understanding the core operations of his business. After all, he would pay professionals to work in the business and he doesn't need to understand how the business works. There is an advantage when a business owner understands entirely how the business works from operation to operation. These advantages are 1) When a business owner understands the ins and outs of his business, they can give directions on which way the business would go. 2) A business owner having a perfect understanding of the business would help him or her to identify inefficiencies so that action could be taken to curtail them. 3) It would be easier for the business to evolve to changing landscape with the leadership of the owner because he understands everything about the business. [/QUOTE]
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