Leaders in the organization not only need to make sure that things are working well today, but they are also responsible of ensuring that today’s actions create tomorrow’s future. Unfortunately, it is not uncommon to find management in companies to dedicate to put out fires as opposed to finding the root cause of the fire and thinking about preventive measures. With this being the last blog, I want to share with you some of the strategies that can position organizations in a more promising future.
Stay on top of trends
Decision makers should keep themselves updated with latest trends and think about how the market is changing. Find out what is happening in research labs throughout the world that might change the current way of doing business. Knowing the international spectrum is as important as knowing what’s going on locally; stay informed through reading, networking, and investigating. They should make sure they have a direct line of communication with changes.
Become change champions
This might be one of the most challenging ones to adopt, but organizations need to accept the notion that the only constant nowadays is change. I encourage them to see change as an opportunity and an adventure, not as a threat. The perspective that upper management has towards change will always impact and influence the way that the workforce embraces and goes through change.
Recruit, reward, and promote the best and brightest
People are the gears that make an organization function and as such they should be nurtured and taken care of. They are the heart of the company, and just like a vital internal organ, only if healthy will they lead the company towards a healthy future. Companies should develop a system in conjunction with their human resources departments to identify, train, promote, and reward these outstanding players.
Beware of the “clogged arteries”
Following the cardiovascular analogy from the previous strategy, I want to point out the importance of identifying those units that either resist to change or hamper your organization’s production. These also need to be treated by either coaching and mentoring or some other form of personalized guidance. If they persist, then they should be dismissed as they are keeping the organization from progressing. Still, supporting them by assessing them on their journey to find new job opportunities is a nice gesture, plus it reiterates current employees that the organization cares about them.
IT continues to reduce distances and create niches in worldwide markets. This is an opportunity for companies to think about how they can scale their products and services to satisfy clients in never-before-reached locations.
Adopt a customer-centric mindset
Companies tend to focus too much on the products and services they provide, and how they can reduce costs while increasing prices. The focus should be around the customer and what they experience through using our products or services. With all the competition out there, it is very difficult to differentiate yourself through a product, so companies need to seek for different ways to gain competitive advantage, such as client requirements and how they can easily adapt to their constant requirement’s changes. Analyze your clients’ problems so that you are the first to provide new solutions.
These are only some of the many strategies/ideas that organizations should consider in order to bring themselves closer to a prosperous future. What other tips would you have for them?
By Elisa Taymes