Maintain Ongoing, Effective Programs That Reduce Costs and Raise QualityUse Systems Such as Advanced Computer-Aided Design and Manufacturing, Statistical Process Control, and Just-in-Time InventoryRely on a Value Improvement Process (VIP), with the Goal Being to Increase EVA (Economic Value Added)Install Process Controls, Share Best Practices, and Prune Inefficient OperationsDesign with Customers and Elicit Competitive Bids from VendorsInstitute a Formal Project Review ProcessDevelop Best-in-Class Service Paired with Volume-Driven EfficiencyCreate a Direct Store Delivery (DSD) SystemRely on No-Frills Stores, Innovative Store Designs, and Neighborhood LocationsControl DistributionRely on Globalization and Long-Term Supply AgreementsNegotiate with Suppliers to Get Good Deals for CustomersUse Global Sourcing and Contacts with Independent Product DevelopersMaintain Systems to Closely Monitor SalesEstablish Unique Technology to Keep Track of MerchandiseMake for Smooth Transitions in Managing Your AcquisitionsBe Adept at Selecting TargetsHave a Formal Process for Consolidating Acquired BusinessesCarefully Evaluate Target Companies and Quickly Integrate ThemScreen Acquisitions Carefully Prior to PurchaseDevelop Proficiency at Identifying, Acquiring, and Integrating New BusinessesCreate a Special Culture to Get Your Employees InvolvedHave Selective Hiring That Breeds Loyal EmployeesGive Recognition and Show RespectHire Skilled, Well-Trained, Energetic, and Aggressive EmployeesGive Employees the Opportunity to Make a DifferenceMonitor and Influence Regulatory Changes, and Promptly Comply with Policies That Affect the FirmEstablish a Good Environmental RecordPromote Ethics and IntegrityWillingly Comply with RegulationsIn Summary