Design A Strategic Plan To Keep Everyone On The Same Page

You’d think that the larger a company gets and the more soundly its routine is established, the easier things get. The reality is that the more employees you have, the more it takes to organize them effectively.

Communication is vital in any growing organization, so it’s essential ...

By establishing core values, you give your organization comprehensible guidelines for every decision. These are the norms of a company’s culture and should be stated in a succinct, realistic sentence. eg: “Practice what we preach.”

You should also make your company’s missio...

You should understand exactly where your organization’s strengths lie.

First, you’ll need to look into your customers’ minds. What do they think when they hear your company’s name?

The next place to look for your strengths is your X factor. Th...

You and your team have to be drivers of personal and economic growth. Your managers are coaches!

Leaders also have to find the balance between the demands of their stakeholders and those of the actual processes of doing their work.

The Function Accountability Chart can be used to measure success and define who is responsible for what. Find out about your company’s functions. Then, let each of your executive team members fill in who is responsible for each function and what KPIs can be used ...

Funds are central to expansion.

Outstanding companies have three to ten times more cash in reserve than their more mediocre competitors.

If you want to expand your cash reserves, take a look at your Cash Conversion Cycle (CCC). This figure shows how l...

Examine your company’s sectors and you’ll find several financial levers that you can modify to boost your cash flow. It could be the price for your goods (could be increased) or your inventory (you could reduce the stock).

To find out which levers are worth changing work out which f...

Replace the word “manager” with “coach.”

• Encourage your team members to boost their strengths and learn from their weaknesses is through training.
• Strive to make your team’s job easier by listening to them. Regular meetings all...