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.
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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.
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 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.
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.
Companies will need to measure the return on their investment in employee skilling.
For instance, the cost of giving employees new skills compared to the cost they would have spent on hiring. The expense should include the opportunity cost of waiting to hire.
Performance expectations should be measured by the company and communicated by management in order to move toward a specific company goal.
For each new person joining, set specific and clear employee and performance expectations to encourage accountability.