A Competitive Strategy to Industry Success

Owning and managing a business is nothing like a board game. Every move may seem similar to a game as every decision can have a dismal effect from the outcome of choices. Winning and losing is also relative to a game, but in this instance, it’s actually life and death. Life and death are exactly how you must operate your business because for starters you are responsible for the livelihood of stakeholders, employees, and customers who rely on your business. Therefore when you win, you produce a future for your company and the industry. You are responsible for the success and the failures of the company. Competition, in general, will always be readily at hand, trying to do the same things that you are to them. Ultimately, without customers to drive the industry, you have nothing to go back on.

There are many competitive strategies that are critical but the first and most important is to regularly survey your customer base and find out what they need to be successful, happy and optimistic.

You are always aiming to capture a large chunk of the market share to increase profits and accelerate the development for future expansion. If you appease to the market and keep them balanced between intrigue and excitement, you are always going to be a step ahead of your competitors. If you are an industry leader, then profits may boom, development can speed up and expansion may come at a cheaper price.

Chady Salim is a telecom industry expert that has helped scale and expand a business into industry leaders. He is a senior executive that works with the global leaders in his industries to ensure that their positions aren’t compromised.

Why Macro Management Scales and Micro Management Fails

First off, what are the differences between macro management and micro managements? In Macro-management, broader businesses require larger management skills by leaders and executives. Micro-management is the process of a leader staying fully involved in every aspect of the business including managing the progress and statuses of their employees. 

The quick and straightforward explanation for micromanagement failures is that it harbors a sense of distrust and wastes valuable resources. Macro management encourages a trusting environment where you emphasize the unique skills of your team members and utilize their strengths to supplement areas of weakness. In micro management, a leader often wastes extra hours needed on development, planning, and strategy.

Managing large teams is no easy task, as each additional person’s individual needs affects your own performance. To be consistent, there are many macro management methods that can be utilized in a corporate environment. For starters, you should focus on assigning specific tasks to project leaders that have more expertise in specific skill sets. You can also help that same project leader by assigning team members who can provide valuable insight into their research, development and deliverability. While one project leader may champion a specific project, many team members can be individual contributors in terms of relative data, procedures and helping to review results.

The key is to expand your limits by developing leadership in your team members and creating unique opportunities that are rewarding to the employee. 

Many micromanagers find themselves worn out thin and frustrated because they don’t consider their time as a valuable resource. The way to address the concerns that micromanagement is supposed to help improve is by creating clear policies, fluid procedures, failsafe contingency plans, and robust analytics. If you spend time training and developing your employees early on, then you won’t feel stuck when someone makes an error or is unable to perform their job.

Chady Salim is a telecommunications executive that has the knowledge to macro-manage over 400 employees at once. He uses a unique strategy that aligns with his business objectives to keep the flow of the operations functioning at high-quality levels.

Unique Factors That Identify Business Profitability

Opening a business will always have risks and responsibilities that broaden as you grow. Overall, you have a commitment to your business, your employees, and your community or customer base. Without a doubt, it is clear that profit is critical to success, and every decision made by an executive or business owner must be in the best interest of creating profit. Of course, the responsibility of the livelihoods its employees and happiness of its customers, should come first but without making a profit, that is a moot point that will not stand.

So how do you identify those factors that characterize a profitable business? A business is made up of internal and external factors that help to create the number that deems a business profitable. The challenge for business owners, executives and employees is to push the number up and to the right as the business develops and expands. An experienced Executive knows that profitability isn’t just a nice amount of money in the bank and cash to burn. Great executive leaders know the market industry, potential hazards and economic impacts that could change the landscape of profitability.

It is quite easy for anyone not involved in the business directly to assume that internal factors are the most important. What this means is if you have all your ducks in a row, and your business is operating smoothly, then there should be no concern for profit loss. This assumption is just not true as external factors offer variables that are uncontrollable from within. The experienced executive knows better than to rely on internal factors alone and assess, forecast and plan according to potential external outcomes. External factors like shipping costs, fuel costs, crops and farming costs can all factor into any market. Of course, the external factors are uncontrollable from within the company the business practices can be optimized to best fit the company’s strategy. There are many instances, where external factors can be dismal to an industry's complete market profitability and competing companies will struggle. However, the benefit of that decline is the potential for new innovations and techniques.

Chady Salim has mastered profitability while working as a business and technology executive for over 16 years in the telecommunications industry.

Chady Salim

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How to Utilize New Technologies for Your Business

With the rapidly growing technology universe of the modern world, just keeping up with the dizzying amount of new innovations that seem to bombard the marketplace daily is a task in itself. However, if you were to develop a general understanding of the pattern of growth and be wary and well-informed about these new technological advantages, you may be able to take advantage of them for your own business. The latest and best inventions and devices that have been released presently, are doomed to be obsolete in a matter of a few years, often even less than that, making it a kind of technological rat race for businesses to keep up with each other, finding the best machines to keep your business running better than ever. That is why as a business owner, in order to stay level with the competition, or even ahead of the game, you need to stay plugged in, to take a stand in the continuous fight for technological supremacy in the business world. Whether big or small, and technological resource available that your business can utilize will add to its overall worth, increasing profit margins and cost-effectiveness. You want your business to be the best equipped in the field, so that they can more readily and effectively answer issues that may have been more difficult or even impossible in the past.

Harnessing the latest and greatest technology in the business world is the key to becoming a better business owner and unlocking that popularity that you want. People will gravitate towards the most innovative and forward-thinking business, which is why you need to utilize everything available to you to do that.

Chady Salim is a business strategist who often sees that companies aren’t utilizing key technologies that they need.

Telecommunications Industry Careers at a Glance

Telecommunications is known as one of the largest and most diverse industries in business. The industry offers unique career paths that are diverse and in demand. Many of the benefits of a telecom career are highlighted by the use of new technologies, improved communications, and expanding on digital commerce. More importantly, the telecommunications industry offers you a career path that is profitable, flexible and scalable.

Internet providers and service providers offer many entry-level roles within a telecommunications industry career path. The industry offers a broad range of services and products to the world, such as mobile phone, broadband Internet, wireless technology and more. Even the most common early career paths offer diversified experiences in several fields that require an individual to digest a lot of information. Therefore, the career path is easy to jump from one to the other, or to scale up when the opportunity arises. Finding more advanced roles in these types of companies can allow you to discover innovative technologies in other industries while networking directly with the innovators. Roles such as sales, marketing, and engineering can often overlap with technology companies in the B2B and B2C sectors in any industry. It’s easy to claim that telecommunications offers a great opportunity to expose yourself and learn from experts alike.

There are more advanced roles within telecommunications that are matched with digital currency exchange, application development, Internet security and other types of programming and coding.

Chady Salim is a senior executive in the telecommunications industry. He is chasing the dream of economic development of the African continent with his work on communication technology within the region.

The Great Opportunity for Careers in Telecommunication

For those interested in technology, or interested in a dynamic and rapidly growing field rooted deeply into the heart of humanity and economy, none beat telecommunications. Telecommunications is one of the largest and most diverse industries in all of business, which as a result has provided some of the most interesting and dynamic, challenging and rewarding careers around. With many new developing technologies that are improving the way we communicate and expanding the reach of humanity as a whole, it is no wonder why so many professionals are flocking towards the telecommunications field. That is because in the industry, no matter what interests or talents you have, more than likely there is an exciting and well-paid career that is right for you. The most basic careers available in the field usually entail you working for a telephone service or internet service provider such as DISH or Verizon for instance. These kind of companies offer wireless communication in the form of internet and cell phones. This can include DSL or cable internet, satellite phones and many other technologies that have become available to us over the years. You will find that many of these service providers have standards for their employees, including benefits of health and dental and a sizable rate of pay. 

Even the most basic careers in the world of telecommunications offer an interesting job at a more than reasonable pay grade. The room for growth in the telecommunications field also makes it very appealing, as the industry is always on the move, driven by new and innovative technologies over the years.

Chady Salim is a professional in the field oftelecommunications who has flourished as a professional in the industry.