Are you looking for ways to make your business a venture that is fast and more resilient within your market? Below are a few actions that business gurus suggest can help to make your venture-agiler.
#1. Be Focused
Avoid getting distracted and losing sight of your priorities and objectives. Appreciate that fact that everyday emergencies and other forms of unexpected distractions will occur. In doing this, you will stay focused by short listing your priorities according to the importance and when each should be completed.
#2 Have Clear Vision Of Your Intended Future
If you have a workforce under you, then ensure that they understand and are fully onboard with your prospects. Define your strategy to them (the direction you want the business to take, where you are going, and when and how to get there). Your employees are more likely to make the right decisions and be effective in meeting their objectives if they under the business’ goals.
#3 Have the Right workforce
Your business’ success will depend on your desire to have the right team supporting your efforts. As such, you need to hire the right people and deploy them efficiently. In short, you should have employees who are aligned with your values and vision you have for your business. They should be individuals that can build the capabilities needed for the success of your company; a team that pulls together and move in the same direction. This blog on agile work from Capita ITPS has some good points on this.
#4 Lead By Example
Your employees you look to you for guidance, and thus you should be a leader who sets an example of how every staff member should work. Commitment, honesty, transparency, good communication; these are things that you should exude to set the bar high and have your people follow.
#5 Enhance Autonomy
In as much as your people will look to you for guidance, they should not run to you or the senior management every time they are faced with tough decisions. Cultivate an authoritative decision-making in them with an autonomy that flows down the set chain of command.
#6 Plan For The Unexpected
The global market scene is full of the unexpected, so you should be a smart leader, one that builds flexible financial structures that can accommodate the changes as they occur. Additionally, try counter unexpected issues with preparation – if you use social media then perhaps a service for social media verification could be a good idea. That which is unexpected is often unpredictable, but you can ensure you have a workforce that pivots quickly to the unexpected when it occurs.
#7 Innovate Continuously
Companies that fail to innovate are soon left behind their competitors. Therefore, do your best to ensure your business rolls out innovative solutions that address existing issues within the respective markets? It is a game that demands continuous improvements on the products or services you provide to your target markets.
#8 Create A Motivating Purpose
Though people engage in business with the aim of making money, the primary objective should always be to offer a solution to an existing problem therein making a difference in the world. People want to work for individuals or companies that are out to make a difference; ventures purposed to make a valuable change for people. So, communicate the purpose of your business and ensure that it motivates your people making them feel that they are helping to make a difference in the world.