ERP's 3 Simple Business Objectives

General Electric's (GE) CEO - Mr. Jeffrey R. Immelt in his visit to India last week said that his goal for GE in India was to make more money.

Taking a cue from his statement, how does an organization make more money ?

Simple.

By doing one of these 3 things :

First, By Raising Revenues.

Second, By Cutting Costs.

Third, By Satisfying Stakeholders (Owners, Customers, Employees, Suppliers, Regulators and the rest of the communities.)

These 3 simple tasks are really also the business objectives that an ERP system should seek to achieve.

Some more thoughts for C-Level Executives on using ERP systems for achieving the above business objectives.