INTRODUCTION The concepts of company success I. Build an effective business strategy 1. The importance of business strategy 2. Some successful business stategies of companies II. Human resource management 1. The concept of human resource management 2. The role of human resource management 3. Keys to success for human resource management for companies III. Product quality a. Quality is Critical to Satisfied Customers b. Establish Your Reputation c. Manage Costs Effectively IV. Applying science and technology V. Loyal customers CONCLUSION I. Build an effective business strategy 1. The importance of business strategy You can have the most skilled managers in your firm, but it will be difficult for you to achieve success without a wellstrategized business plan. a. What is business strategy? A business strategy is a long – term business plan, aimed at achieving the business goals set by the business. A good business strategy will make the company grow and quickly gain an advantage in the market. b. The role of business strategy for companies Create long – term direction and operating base for the business. The business strategy helps businesses have a clear direction for the coming business plan. Having a business strategy that includes detailed information about business growth, expenses, and revenue is very crucial. Not having a business strategy could lead to chaos in business. It can be disastrous if companies are unable to achieve the milestones have set for their business. And this can result in companies losing clients or not being able to attract investors at all. Create a basic for businesses to actively develop. Another important thing about formulating a good strategy is that it forces you to think. These strategy will show companies where their strengths and weaknesses lie; help businesses grasp opportunities as well as risks in the market and in the company’s business, thereby proposing proactive methods to seize opportunities or confront challenges. If you lack in an area, you need to find someone who can fill the gap or hire another person, for that matter. The business strategy also defines how to achieve business success, how a business will function, and with what strategies. This strategy maps out the target market in view. The business strategy also defines financial and staffing projections and the goodsservices rendered. Create an operting trajectory for the business. The strategy helps to link individuals with other interests towards a common goal, jointly developing the business. It creates a strong bond between employees and between managers and employees. Thereby enhancing and further enhancing the internal strength of the enterprise.