Organizational Health
According to a decade long research, the health of an organization is based on alignment with a robust strategy, deep-rooted culture, and a clarity of vision.
The health of an organization can also be defined as the capacity or ability to deliver superior financial and operating performance.
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Extensive Data studies have found a link between the health of an organization and its performance.
Robust health is crucial to an organization's long term success.
Companies aligned with one of these four organizational recipes are more likely to be healthy and to deliver strong, sustained performance than those following random management styles:
- Leader Driven
- Market Focused
- Execution Expertise
- Talent and Knowledge-based
Leader-driven organizations have the presence of great leaders, who are talented and are free to figure out ways to deliver results while being accountable for the same.
Leader-driven organizations have an open, trust-based culture, where creativity is valued.
Market-focused organizations have a strong orientation towards competitors, business partners, and the community/marketplace.
They focus on where the innovation is, where the market trend is going, and like to stay ahead of the competition, making innovative products while ensuring the response is profitable.
Organizations that follow the Execution Edge recipe focus on implementation, frontline execution, elimination of wastage of time and resources, and optimal utilization of data for efficiency.
They also use technology to foster better communication, last-mile delivery, and overall efficiency.
They have star performers, and high-quality talent (physical or knowledge-based) to differentiate themselves and be profitable with the branding.
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- Do less to achieve more.
- Most organisational leaders adopt the 'take control approach.
- They overlook the fact that the best people to rely on while administering change are the ones who are going through the change themselves.
By 2030, up to 30 to 40 percent of all workers in developed countries may need to move into new occupations or upgrade their skill sets. Skilled workers in short supply will become even scarcer. Any company that doesn't join the early adopters and doesn't address its underlying talent needs may fall short of reaching its goals.