What worked for you a year ago may not work now and that can affect your objectives or goals. In our recent article, The Benefits of Strategic & Tactical Planning, we touched on what a strategic plan is and its benefits. In addition to “working” the plan, it must be regularly reviewed and updated. Your strategic plan should be reviewed annually at the very least.
Did you know that businesses using strategic plans are 12% more profitable? A strategic plan is a management tool that keeps everyone and everything (energy, resources, time, etc.) moving in the same direction. Through a strategic plan, companies also see improved control over costs, increased foresight, improved operational performance, increased transparency and insight into the business, and a sense of shared purpose
Absent team members put stress on the rest of the team forcing management to figure out who must absorb the extra workload. US businesses lose up to $300 billion yearly as a result of workplace stress. Read how our work with a client reduced their stress during a team member’s unexpected and extended absence
A missed deadline, an overlooked milestone, or a lost order can derail not only your workflow but add to your anxiety and stress. Whether it started fine or was a crapshoot from the very start, what can help reduce the anxiety and stress? Getting everyone on the same page with a documented workflow.
Process improvement is identifying, analyzing, and improving existing business processes to optimize performance, meet best practice standards or simply improve quality and the user experience for customers and end-users. More widely recognized as a continual improvement process: an ongoing effort to improve products, services, or processes.
Does your organization have a reward and recognition program in place? Employees would work harder if they felt their efforts were better appreciated. Recognizing talent takes small steps, does not require significant expenditures, and has an impact on the organizational, operational, and individual levels.
Companies that offer comprehensive training programs realize higher income and profits per employee than companies without formalized training. Although training requires an investment, a business that opts out of employee training means they are saying, “No thanks,” to a pile of theoretical money on the table in front of them.