Strategic plans! Have you entered 2019 with a solid tool designed to focus your efforts, target your investment and align your team, or are you content to react to competitors, the market and even your customers?
Bringing sense and understanding to raw data, facts and figures is critical. Capitalizing on the data that surrounds us and can inform us is too big an advantage to ignore any longer.
When organizations plan to accomplish things, it often comes down to identifying broad goals, designing complementary strategies, then designing tactics to accomplish each strategy. Tactics – also called initiatives – are the things you do to create your products and services and drive your mission.
Discipline allows a business to refine its processes and optimize its products through repetition, continuous improvement and ongoing commitment to excellence. In this spirit, what can you do to create greater discipline in your business?
Say you’ve established your leadership framework, built a sound structure and integrated the necessary processes and levers to fuel your business’ growth. Now, you need to determine if you’re on the right path and making progress. That’s where signposts come in.
Levers are those tools that drive great process efficiency and also support greater volume. Given today’s speed and efficiency, things can go right very quickly, or wrong just as quickly. Processes must be well designed and tightly integrated to the computer systems that are designed to support them.
Process is all about the way that work gets done—how materials and products move through the enterprise, and how value is added at every step along the way. To get the benefit of efficient processes, each one must be designed with a greater understanding of how it fits into the overall process scheme of the organization.
As an organization grows, the leader must change the organizational structure in a way that effectively and efficiently serves customers and guides employees without the owner having to supervise everything on a daily basis. Addressing this threshold is critical to enabling ongoing growth of the business.
On October 5, attendees of the Spark Symposium at the Rock and Roll Hall of Fame learned about the power and implications of disruptive technologies; were inspired to harness their collective and individual potential for good; and were challenged to lead exponentially in their own spheres of influence.
Through our experience helping businesses transform operations, plan for growth and pursue it with fidelity, we’ve identified 7 elements that fuel fast-track expansion and profitability—the first element being leadership.