5 Strategies to Optimize Organizational Success
Organizational Success, Growth, and an Increased Return on Investment (ROI) require a thorough understanding and dedication to these principles: Reflection, Process, Accountability, Communication, and Passion.
These key elements define an organization’s ability to be innovative, implement change, and be responsive to their team and consumers.
Reflection is the first stage to optimize organizational success. Reflection begins with a thorough analysis of an organization’s strengths, weaknesses, opportunities, and threats (SWOT). For most, this is a familiar development process, but what lacks is the “action” after a SWOT analysis is completed. Consequently, this results in the same failures and procedures to be repeated year after year, without capitalizing on an organization’s highest ROI opportunities.
To optimize organizational success a SWOT analysis needs to be used to incite a plan of action. Organizations need to engage in the following to optimize organizational success:
- Analyze “what” is being done well and “what” opportunities are available
- Create accountability cross-departmentally and launch a plan to strengthen organizational weaknesses and threats on revenue/performance, productivity, and growth
- Increase ACTIVE responses, methodologies, and procedures to innovation and industry trends
- Reduce REACTIVE responses to threats, innovation, and industry trends
- Create and maintain a strong position for industry products/services
These changes establish a stronger organizational process and create the ability to catapult an organization into complete optimization and advancement within their industry.
A process begins by conducting a thorough reflection of all organizational procedures, staffing, products/services, and infrastructure. Reflection and analysis enable an organization to implement a high-impact process to drive increased ROI’s for revenue/performance, productivity, innovation, and growth. Pinnacle organizational optimization and processes occur when a review of the following is conducted:
- Goals and Accountability
- Analysis of the prior year’s data, revenue, products, and services
- Review of the organization’s strengths and required improvements to increase product/service ROI, efficiency, time management, communication, technology infrastructure
- Organizational structure is aligned to produce results
- Personnel’s job duties directly correlate to organizational goals and mission
Enable your organization to reignite your spark for profitability and success!
Accountability is the third element to optimize organizational success. A great strategy requires checks and balances to ensure results are occurring as planned. A well-designed accountability plan includes the following:
- Clear roles and objectives across all personnel positions
- Individual ownership of the tasks
- Personnel job duties and tasks drive the completion of organizational goals
- Transparency of fiscal reports and budgets
Organizations with a solid accountability plan experience higher degrees of success because they are aware of problems immediately, which enables a resolution of issues in a timely manner, reducing the risk of impact on an organization’s revenue and ROI.
Communication is an imperative action to reach organizational goals and increased revenue/performance. This is often considered the fundamental component of increased organizational optimization. It is important to recognize your team’s value, remember you approved their hiring for a reason, therefore enable them to have a voice and an active role in your organization’s success. By implementing an effective communication policy, you will see the difference in employee morale immediately! Beware of email as a primary method of communication. Communication solely through email can lead to:
- Decreased Productivity
- Appearance of Disassociation
- Lack of Interest
Face-to-face communication, feedback, and brainstorming sessions are the most effective methods of incorporating your entire team’s voice and ideas to create a cross-departmental synergy.
Lastly, passion is what drives an individual and an organization to success! Without passion and energy, why are you in business? Passion is contagious. If executive leadership exude passion and energy during team meetings naturally your employees will replicate that energy for the mission, project, product/services, innovation, etc. They will be more driven to tackle and conquer their job duties with efficiency because they have a passion for your organization’s mission, purpose, and bottom line. Oh, did I mention passion is a catalyst to start conversations? Which circles us back to strategy #4 that optimizes organizational success!
These five fundamental strategies for organizational optimization will empower your team to have the motivation and capability to increase productivity, efficiency, performance results, and revenue.
Stay tuned for Connections 4 Success LLC’s blog: 5 Signs Your Business Needs to Undergo a Change
Comment below or direct message us on Facebook to let Connections 4 Success know how your organization optimizes success! We are always looking for new methodologies and feedback.
Success requires collective ideas ….. therefore share yours!