The six essential factors of organization excellence:

• Right Customer Focus which includes identifying and then connecting customers with relevant products and services.
  
  
• Consolidation of Current Business including restructuring, mergers, acquisitions and more.
  
  
• Operational Efficiency across the organization. Dr. Asher suggests this step may be most important for long-term profitability and includes things like TQM and benchmarking activities.
  
  
• Exploring New Markets.
  
  
• Human Resource Management which includes attracting, retaining, developing, and career planning.
  
  
• Corporate Image Building by developing the company’s reputation in the mind of customers.

These can be considered the backbone for any business to succeed in fierce competitive environments.