Business Management: Strategize your Company’s Productivity
In Business Management, it is important to strategize on your Company’s Productivity. If employees are highly productive it meant efficiency for your business. It does not only help minimize cost, it also delivers a quality result. But how do you get your employees to be productive?
Get to Know Your Employees
You must take into account that everyone in your company has different attitude and a good leader knows how to deal with every individual to make sure things get done and still sending good vibes to everyone. Know what makes them tick. What makes them to get up every day. It’s also best to know how they deal with crisis; how fast can they get back on track. Assess yourself in the same way you did with your employees. Remember that you are the manager of the company, how you manage things reflect on how your employees manage their work.
Establish Company Goals
Setting a goal for your company would help in measuring your success. And let your employees know it. Discuss the plan with them. In this way, the entire company is aware of your company goals and know what to prioritize first based on urgency. Collaborating with your team would also be a good practice in coming with ideas on how to increase productivity. In Richard Branson’s Virgin Group, the company put emphasis on trust and how important to run a business like a family. Sir Richard Branson has been firm about taking care of your employees and they would take care of you. I guess this is just one of the strategies that makes Virgin Group as one of the successful companies of our time.
At this point it would be best to come up with goal metrics to gauge how your business is progressing. Setting Key Performance Indicators would be beneficial for the entire team. Having the team aware of the KPIs would allow them to prioritize on which area to prioritize. Having a quarterly monitoring of what has been accomplished based on the Defined KPIs would help you gauge the success of your company before the year ends. It is also the base time to look into what needs to be improved.
Giving your employees the opportunity to advance by providing them training to be more efficient on their role would not only benefit the employee but as well as your company as well. Not to mention that your employee would most likely appreciate the fact that they are growing in your company.
Make use of Technology
Proper use of technology for the business can very well contribute to boost productivity of your company. All you need is to identify the right tool that your company needs. The use of these tools would not only minimize cost but also increase revenue. There are various tools in the market that is a big help for your company and the most common tools used by both small and big companies nowadays are CRMs. When it comes to syndication and communicating with your customers, CRM is a good option among other tools.
The bottomline, as an entrepreneur, it is important to always on the lookout for ways and strategize your company’s productivity. Learn it from the successful personalities who have manifested success.
Read relevant article: What Startup Entrepreneurs should know in Managing a Business