The last and least liked reason for loss of profits – corruption. This may happen at the lowest level, with employees stealing office supplies like paper and at the highest levels with someone embezzling from the company. Corruption is fairly common in corporations and that is why there are audit departments in almost all of them to catch these out. Internal and external audits conducted every 6 months will go a long way in curbing these.
The corporate world is one of the most difficult to crack although it is easy enough to enter. Only a handful of people who enter as interns ever get to VP or CEO level and with good reason: there are numerous glass ceilings to shatter along the way. How do you become a success in the corporate world? Let’s take a look:
Learn to Judge
Judgment and perspective are two of the most important character traits that a newcomer to the corporate world can possess. You have to be able to judge the value of taking certain risks because without risks, there will be no worthwhile reward. However, you also need enough perspective on life to know when to hold back and not take the risk because it will not be worth it. For instance, if all your fellow interns decide to apply to another job simply because the current employer seems to be in financial dire straits, you have to use your judgment and perspective in deciding whether to follow suit or stick with it and find out what will happen.
Updated and Upgrading
There will always be new things to learn around every corner. If you are an analyst you cannot sit on your current laurels and get too comfortable; attend that B2B sales training from Sydney that have been scheduled (even if it is not quite your area) because you will learn something new. Read magazines that are related to your world; read newspaper and online articles too. Keep up to date with innovations and policy changes in the online universe as well because it affects so much of the business world offline as well today.
Network – With People Not Profiles
While social media can be a convenient way to look people up, it is a terrible place to discuss the merits of B2B marketing services, which is a great topic for a social mixer when you want to network with someone. There is a big difference between networking with a profile (online) and networking with people. Your contacts are going to be the main reason and source of your future revenue and business related opportunities so it pays to maintain contacts and have real life strategic networks with people in influential positions in the business world. Thus, becoming a success in the business world can be difficult unless you have supportive and influential contacts to pave the way for you and bring you business clout. It is also helpful to develop your instincts so that you can make judgments on the risks you will have to take. One thing that can help is to be updated all the time. If you fulfil all of these there is a good chance that you will soar in the corporate world.