Today’s Business Landscape – 10 Game Changing Areas for Continued Success

Companies are currently going through a time of challenge and opportunity and we are able to help due to our insight and in-depth knowledge into what is going on externally, in the background of all companies today, and we hope you find the information helpful.

Purely addressing only 1 of the following areas will not deliver the results to take your business forward in the current business landscape.

As you will be aware all aspects of a company either overlay or interface with each other and therefore anything from an inefficient process or a change to one area can have a much broader impact across the company.

  1. Leadership

It is essential that the leadership team are ready and willing to embrace and share positive change across the organisation as failure to realise this will have a detrimental impact across the organisation.

  1. Company Culture

Are you an employer magnet, do people queue to join your organisation?

Remember, the company’s culture is the personality of a company. It defines the environment in which employees work, it includes a variety of elements, including work environment, company mission, value, ethics, expectations, and goals.

In today’s online, world damaging feedback not only damages the reputation of being a natural attraction for new employees but also contributes to higher than desired turnover of staff.

  1. Recruitment

How easy do you find it to recruit the best people?

A company with a reputation of being a great place to work will attract candidates thereby reducing recruitment costs.

Today’s recruitment landscape means that it is no longer an employer led market, instead it is a candidate led market and all recruitment strategies and processes need to reflect this.

  1. Employee Engagement and Resilience

How well do you know your employees, their situation or whether they have any concerns or issues?

With increasing awareness of peoples mental health problems it is likely that a number of people within your organisation will be struggling with motivation, a company’s culture that isn’t conducive in building effective team working relationships, empowers employees though engagement or effective at communication will not be successful in building a strong and resilience workforce. Instead the company will be faced with lower productivity levels and higher staff turnover than is required.

  1. Organisation Structure

How effectively and efficiently do your teams work together?

It is quite usual for a company’s team structures to grow organically with the growth of the business rather than through updating and improving team structures that interface efficiently using predefined best practice recommendations. Clunky team interfaces can lead to employee frustration and complacency which impacts employee resilience and engagement and can cause productivity to be lower than it should be.

  1. Operational Excellence

How efficient are your operational processes and procedures?

As with an organisations structure, often internal processes and operating procedures that employees work to evolve with growth. It is so important to introduce proven best practice processes that evolve as the company grows and changes. Good, well drafted and trained operational procedures are so important for employee engagement and good productivity levels.

  1. Systems

How up to date are the systems you use?

How many copies of the same data do your teams maintain on different systems?

 

IT solutions are evolving all the time and with the arrival of new technologies such as 5G and AI there is fast becoming a world of innovative technology available to you. Whether it is moving to latest, smartest Accounting or HR software or automating activities that have been manual for some time, exploring your options in software and moving forward could bring efficiency and productivity levels you’ve only dreamed of. And think about how impressed your customers could be, you could knock your competition out of the park!

  1. Customers

How resilient are your customers and how often to do check your customer’s satisfaction levels?

With so much change in the business landscape and with consumers cutting back, it is very wise to understand how affected your customers are, as it goes without saying if a company’s customers are affected the company could be seeing a fall in sales and profits.

  1. Suppliers

How will our leaving the EU and trade wars affected your supply chain?

Even if your suppliers are in the UK, where do they purchase the goods or materials from?

Conducting a supply chain assessment now is critical to understand if your products or services will be impacted in the future.

  1. Competitors

How are your competitors doing, do you ever check them out?

If you’re competitors are being proactive and replanning during these somewhat challenging times where will that leave you?

If they are not being proactive by replanning but you are and you’re understanding what your opportunities and options are, you can seize the opportunity to leave them behind. Taking your brand and business forward, conducting a competitor review could be one of your best moves.

By |2019-07-08T17:02:44+01:00July 8th, 2019|Uncategorized|0 Comments

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