Strategize Your Business to Achieve Your Goal

Strategy planning is the heart and soul of any business. In simple words, it is your roadmap to achieve your business goals. An impeccable strategy can take your business places, whereas a defective one can sink it in no time. Strategizing your business is pure mind game, which involves answering these questions:

•             Where is your business right now?

•             What are your business goals?

•             How do you plan to achieve them?

•             What is the time span for achieving them?

•             How will you identify if you have achieved your goals or not?

When you have found out answers to these questions you have a rough sketch of your roadmap ready with you. In other words, you have chalked down a strategy for achieving your business goals. 

Effective Strategy Planning

There is a minute difference between an efficient strategy and an effective one. Oftentimes, people take effectiveness for efficiency and vice-a-verse. An organization that runs efficiently may not always be an effective one. Efficient planning takes into account what the weaknesses of an organization are and what are the ways to improve it. There is no doubt that this strategy planning will yield competitive results for the organization, however, it may deter it from achieving humungous success that it is capable of. An effective strategy planning not only takes into account the weaknesses of an organization and devises ways to improve them, but it also identifies its strength and ways to harness it. Besides, it also takes into account the feedback of stakeholders, which is pivotal in the success of any organization. Needless to say, an effective strategy planning can be your sure shot way to a great organizational success. 

Strategy consulting firms are better equipped at effectively implementing a strategy for organizations. Some of the techniques used by strategy consulting firms include:

•             Healthy brainstorming.

•             Identifying key problem areas.

•             Devising multiple solutions.

•             Identifying feasible solutions.

•             Implementing performance metrics.

•             Devising tools such as Balanced Score Card to measure and validate performance.

•             Tracking and reporting the execution of strategy.

Thus, the importance of devising an effective strategy for your business cannot be undermined. Strategizing your business insulates it from future challenges.

Bringing Out the Best in Your Team

Every manager, at one point of time or the other has encountered the issue of employee motivation. While it is a widely accepted fact that employees who are motivated at workplace perform better than others, the real question is, how can one motivate their team to give its best? The answer to this question largely depends upon your personal style of leadership.

There are basically two types of leaders - diminishers and multipliers. Diminishers are those who believe in flaunting their own intelligence and undermining that of their employees. Such leaders often constrict the creativity, intelligence and smartness of their employees. Needless to say, such employees struggle to achieve their targets and often fall behind their well motivated counterparts. Multipliers is that category of leaders who believe in the capability of their employees and look out for options to harness the best in each of them. They do not brag about their own intelligence, instead identify and nurture the potential of their employees. Such people are easier to work for and often bring out the best in their team. 

While there are no guidelines regarding the best business strategy to motivate and bringing out the best in your team, some pointers can definitely help you. 

Provide Guidance and Step back

Brief your employees regarding what needs to be done and leave the 'how' part to them. You will be amazed at the solutions and suggestions you will receive.

Encourage Brainstorming

Value the opinion of every employee even though it may be insignificant. Your employees should not feel disrespected and thus, refrain from neglecting their inputs. Encourage healthy discussions, brainstorming etc.

Give Due Credit

Do not shy away from praising an employee who has gone that extra mile for achieving results. Give due credit to the team for their performance. Similarly, do not shrug responsibility when it comes to facing a failure.

 

Reward and Celebrate

Monetary rewards may not be a good idea always. Instead, look for funding a special skill or education for an employee who deserves it. Also, take some time to celebrate team achievements or milestones. 

Inspire

Be the leader your employees would like to follow. Always practice what you preach and set an ideal example for your team.  

Follow these pointers and see for yourself the change in the performance of your team.

Important Steps to a successful Strategic Plan

A strategic HR platform specializes in functional expertise through Business Strategy Consultants for Industrial and Corporate systems. Strategic HR consultants helps you define the core purpose of your business and establish internal consensus on the future you wish to create through effective sessions of consultation and through interactive workshops.

Business Strategy Consultants in Pune bring clarity in identification and articulation of organizational values which help you establish an ethical foundation for sustained business results.
Listed below is a brief overview of the Strategic HR framework:

• Facilitating healthy exchange of information around issues that impact the long term performance of the organization. Articulation of strategic intent, clarity on goals and objectives whilst promoting smooth communication on all levels of management.
• Implementing the Balanced Score Card for achieving the best results combined with a leveraging effect. Structuring a platform for Business Performance Management and review with smooth transition in planning and implementation.
• Strategic Human resources is an inclusive aspect and largely operates by taking into consideration a bird-eye view of an organization. It includes strategically leveraging human resource activities and syncing it with the goals and objectives of the organization.
• Instilling the perquisites of change management in cases of critical business situations pertaining to growth and expansion, organizational restructuring and strategic repositioning amongst the many others. Designing and delivering people specific management programs and implement change strategies.
• Conducting executive training workshops with characterizing and realizing skill centric staff management for strategy execution in accordance with organizational proceeds.

Cerveausys Strategic Consulting Private Limited, based in Pune, is a professional human resource division which specializes in strategic management. With a considerable amount of experience in Human Resources and a pleased client base that swear by their work, Cerveausys, today is recognized amongst the top HR divisions in Pune.