For example, the world’s largest auto manufacturer developed the JIT inventory system. Focusing on basics is more than executing a how-to strategy it is a philosophy rooted in a company’s culture. It begins with the basics.īasic concepts guide businesses to succeed. It may appear their success is luck, twist-of-fate, or a rare combination of chance and opportunity. Witnessing the success of great companies, we wonder “How’d they do it?” We see the success but not how it was achieved. Why are basics so important in business?īasics provide the foundation for all business success. Athletes in a slump go “back to basics.” In politics leaders preach “back to basics.” The message applies everywhere, particularly in business. In the military, recruits begin with basic training. Regardless of the arena, “back to basics” is in everyone’s playbook. Why do we hear the term “back to the basics” so frequently?īecause it works.
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