RECOMMENDED CORRECTIVE ACTION
CATEGORY
ACTION DESCRIPTION
01. OPERATION EXPENSES
Analyze current operating costs and identify areas where efficiencies can be made. Consider opportunities to optimize processes and find suppliers with more competitive prices.
02. PERSONAL EXPENSES
Review employee productivity and evaluate training and development opportunities to enhance their capabilities. Identify inefficient processes within the team.
03. PROFESSIONAL SERVICES
Regularly evaluate the quality of the professional services provided and compare them with the competition. Identify any deficiencies and look for possible alternatives.
04. TAXES & INSURANCE
Work with tax and insurance professionals to identify savings opportunities. Regularly monitor changes in tax legislation.
05. MARKETING & MEDIA
Optimize budget for online and offline marketing activities. Strengthen your online presence and consider investing in digital marketing.
06. INFORMATION TECHNOLOGY
NA
07. TRAVEL EXPENSES
Collaborate with travel suppliers for uniform cost management and billing. Improve tracking of travel expenses and optimize approval rules.
08. TELECOMMUNICATION & POSTAGE
Implement tools to track and analyze telecom costs. Consider options for optimizing phone and internet contracts.
09. OTHER OPERATING EXPENSES
Implementation of technological solutions for monitoring and managing other operating costs. Explore opportunities for innovation in all areas of business.
TOTAL SCORE DEFINITION
RANGE
SCORE LEVEL
DESCRIPTION
67-90%
Level 3 - Maintained
Focus on innovation and development of products or services that correspond to current trends and customer needs. Strengthen marketing activities, including digital marketing, and maintain strong customer relationships. It is also crucial to invest in human resources, strengthen team skills and encourage creativity. Deepen your competitor analysis and adapt your business strategy to current market conditions. React flexibly to changes and be open to innovation. At the same time, keep a tight control on costs and optimize processes for further efficiency gains. Creating a long-term sustainable strategy that combines growth and stability will be key to the company's continued success.
>33%
Level 1 - Strategic
The first action should be to carefully evaluate the test results and identify specific areas where losses or low success rates have occurred. Subsequently, it is key to adapt the strategy and make the necessary adjustments in areas where deficiencies have emerged. I also recommend strengthening internal communication and cooperation between teams. Ensuring effective information sharing and mutual understanding can help improve the performance of the entire organization. Creating an environment that supports innovation and collaboration can lead to more efficient processes and better results. At the same time, it is important to monitor the competition and respond flexibly to changes in the market. Analyzing trends and adapting to new conditions can help the company maintain competitiveness and achieve better results. Last but not least, investing in employee skill development and technological innovation can strengthen a firm's ability to compete in the marketplace. Active monitoring and implementation of modern trends and technologies can bring competitive advantage and increase overall business efficiency.
34-66%
Level 2 - Preferred
I recommend looking more closely at costs and identifying areas where costs can be reduced without compromising quality. At the same time, it is advisable to optimize market strategies and strengthen marketing measures in order to increase sales and revenues. Emphasis should be placed on improving operational and process efficiency, which can result in cost savings. Investing in technological innovation and automation can increase productivity and reduce error rates. It is also advisable to strengthen relationships with existing customers and actively seek new business opportunities. The development of new products or services that meet customer needs and can bring a competitive advantage should also be part of the strategy. Finally, a flexible and adaptable response to changes in the market and competition will be key to maintaining and improving results in the medium term.
91-100%
Level 4 - Excellence
Invest in research and development of new products or services that will meet future customer needs. Strengthen marketing efforts with an emphasis on brand building and increasing market visibility. At the same time, strengthen relationships with existing customers and actively seek new business opportunities. Furthermore, it is advisable to develop strategic partnerships and collaborations that can bring synergistic benefits. Invest in staff training and development to maintain high levels of expertise and team engagement. Monitor the market and respond flexibly to new opportunities and challenges. Create a sustainable strategy for long-term success and maintain an agile approach to business. The achieved performance can be a solid foundation for further expansion and growth of the company in the market.