The key elements which are essential to make any organization agile and responsive to the needs of the ever-changing business scenario.
Strategy – A set of robust strategies that are clearly aligned to the organizational objectives is the basic necessity for the survival and growth of any entity. The strategies must carry specific and measurable targets, which should be backed up by an effective action plan with clearly laid down responsibilities and deadlines. Also, contrary to popular belief, strategy preparation is not the prerogative of a few select individuals. It is every team member`s job. The goals and the direction are communicated from the top but consideration of inputs from all levels within the organization ensures curation of a Strategy Charter that is pragmatic, attainable and most conducive to achievement of organizational goals.
Communication – Drawing up the Strategy Map for the organization is just the initial step. The bigger challenge lies in effectively communicating the strategies to stakeholders and getting their acceptance to the assigned tasks. Team engagement in this process plays a crucial role and that can be ensured by highlighting the importance of the strategic actions in realization of the entity goals and by considering the team views for ushering in further improvements.
Execution – A well-conceived and well understood Strategy Charter cannot bring about the desired results unless it is efficiently executed. Execution involves use of right skills, tools, resources and competencies.
Review - The execution of the strategic actions needs to be constantly monitored as a means to proactively carry out any necessary course correction. Besides affording the Management an update on the status of the Strategy Implementation plan, the Review also acts as an integral element of the Plan, Do, Check, act spiral that provides the much needed stickiness to the entire strategy implementation process.
Culture – The organization culture plays a very important role in ensuring the organizational growth. Good or bad, every organization has a culture – if there is no conscious effort to form it, it gets formed on its own. And the culture that gets formed on its own may not necessarily be the culture that one would have liked to exist in the organization. Culture flows from the top. In that sense, the onus of laying down the culture rests on the Top Management. A Culture of Trust, Respect, Accountability, Camaraderie and Customer Centricity will certainly foster a good value system for the organization. An organization Culture that ushers in pride in the organization among all employees enables people within to create an invincible organization brand outside that stands for Quality, Trust & Value and is admired by all
Structure – A good organization structure will always support in realization of the Organizational goals. In fact, organization structure needs to be constantly evolved to drive efficiencies. Mapping positions with proper hierarchies, competencies and right job roles is a non-negotiable requirement for any agile organization.