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7 tips to Strategically transforming your organisation as a leader

leader in from of her team
leader in from of her team

7 tips to Strategically transforming your organisation as a leader

A business strategy creates a vision and direction for the whole organisation. It is important that all people within the enterprise have clear goals and are following the directions or mission of the organisation. A strategy can provide this vision and prevent individuals from losing sight of their organization’s aim.

Without a coherent strategy, the enterprise does not have identifiable business objectives. The company would lack the focus needed to achieve corporate goals and develop plans that will move the enterprise forward. A lack of objectives means that the company does not have a clear vision for the future. This can put the organisation in jeopardy.

Whether it be a new enterprise or an existing one, it is important for the organisation to review its strategy periodically as the business climate can change rapidly. We have seen this happen in more recent times with the impact of COVID-19 and how it has placed several businesses in disarray. It is therefore important for organisational leaders to understand how to undertake transformational strategic practices. To do this, leaders must cultivate collaborative practices and aim to embrace ongoing professional development for their enterprise, which will lead to competitive advantage. Here are 7 tips to strategically transformation an enterprise:

1. Take responsibility

Leaders must be prepared to be accountable and take personal responsibilities to meet task objectives. Task objectives that are required can be challenging and sometimes the decisions made can be very unpopular, but a strong leader will do what is necessary and not blame others. Acting when necessary demonstrates integrity and builds trust and confidence in the leader’s ability in front of the team members.

2. Be consultative & communicative

Leaders must be prepared to collaborate with stakeholders. A collaborative approach can be undertaken via one on one or group meetings, through conducting interviews, surveys, and brainstorming sessions for ideas and feedback.  Once the data has been collected stakeholders can then be briefed on the changes that will need to be made and the processes that will need to be implemented to meet the intended outcomes. A well-crafted communication plan will assist in ensuring the stakeholders are kept in the loop.

3. Understand your people’s strengths and weaknesses

A true competitive weapon today is the people that are employed by an organisation. People within the organisation can be creative, read the room and make informed decisions based on the situation, but if the team not well trained, this can cause problems. Analysing and confirming the team’s capacity and competency will enable the leader to identify the strengths and weaknesses of those team members able to commit the right people to the right roles. In instances, through this process, it is possible to find individuals with hidden skills that the leader may not have been aware of that can assist in making a positive impact on the business.

4. Manage risks

Monitoring for risks can be difficult and it is certainly difficult to account for all potential risks to an organisation. There is also a time when leaders are required to be brave and undertake calculated risks for the benefit of the organisation. Monitoring risks can help the leader to spot troubles sooner rather than later. It can assist in removing unintended surprises. Risk management is important and without it, a firm cannot define its objectives for the future. The ability to manage risk will help companies act more confidently on future business decisions. Developing a robust risk management plan can help to improve the likelihood of having a more successful enterprise.

5. Build a learning culture

A learning culture is one in which employees continuously seek, share, and apply new knowledge and skills to improve individual and organisational performance. This can be very beneficial for the enterprise as it helps to build innovation, efficiency, and competitive advantage. This process also aids in building inclusiveness and organisational morale which leads to happier employees. Building a culture of learning does not need to be expensive. There are several free accessible programs and apps that can be used to develop content, store information, and share information.

6. Keep an eye on the results

Key performance indicators (KPIs) form an important part of the information required to determine and explain how a company will progress to meet its business goals. KPIs help organisations understand if the company is headed in the right direction and if not, where it needs to divert its attention. The organisation needs to consider what is important to measure and what is not for example measuring financial performance, customer satisfaction, internal business process, and learning and innovation systems can assist to improve the business. The idea is not to just measure everything as it can be a waste of time and money but only measuring what is considered important.

7. Be reflective

Self-reflection in leadership means carving out time to review oneself as a leader and is critical for leadership development. Self-reflection can aid to accelerates improvement in leadership skills and practice that enables the leader to be better understood by others. Feedback from others can aid in ensuring that the leader remains humble and has a focus on looking after people first. When feedback is provided, it is important for the leader to review it as constructive criticism and not a personal attack. Feedback should be applied and acted upon in a timely manner. This will demonstrate that the leader is willing to put others first.

A well-crafted strategy is important to an organisation. It allows the business to be proactive rather than reactive and it provides the organisation a sense of direction, increases operational efficiency and helps to increase market share and profitability, and can make the enterprise more durable for the future. Why not book a free consultation to identify ways in how you can transform your organisation? Click here.

 

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