Who Else Wants to Achieve Sustained Business Growth...
Pavan Bakshi - World Class Leadership and Org Development
Building Leadership Pipeline- Facilitating Competency Development | Creating High Performance Organisation- OKR deployment | Empower High Potential - Executive Coaching | Certified Independent Director
In the business world, we see this all the time. We create great goals and beautiful strategies and prepare to hit it out of the park, yet at the end of the quarter or the year, we see that our goals were not met. Why? Why does this happen?
Arguably the hardest part of building and scaling a Company is moving from ideation to execution.
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The Two Keys to Achieve Sustained Business Growth
To achieve breakthrough results and grow their organization, entrepreneurs need to focus on improving employee productivity (first key).
This growth also needs to be sustainable for which business owners need engaged employees. ?Employee engagement (second key) lead to long-term employee retention, improved quality of work and organizational success.
There are plenty of systems and processes that look at productivity or engagement. The problem is that both these essential elements are measured separately and not on an everyday continual basis. This makes these systems doomed to fail.
Undoubtedly, you have invested in tools and processes to help in at least one of these areas.
You can measure productivity, but can you measure the collaboration and support being provided by team members to each other on a real time basis. Also, to maximize employee potential, we must enable our employees to measure their own productivity and win at their jobs every day.
You may have invested on an annual engagement survey. But what is the point of getting to know that your team members are disengaged at the end of the year? Do you know, ‘What is employee sentiment today?’?
Are You Likely to Achieve Sustained Business Success?
As an entrepreneur, business owner and leader reflect on your answers to the questions given below:
1. How do you ensure there is alignment and visibility between organizational goals, department goals down to front line teams goals?
2. How do you provide real time score to individuals, teams, department, and organization on whether they are winning or losing?
3. How does your organization ensure the alignment of the actions of your employees to their team/department goals daily?
4. How do you provide visibility to each team about the actions of all team members daily?
5. How do you gauge employee sentiment and engagement on a real time basis?
6. How do you inspire collaboration, team spirit and appreciation within teams?
7. How does you provide specific and on the job training to employees to help them grow personally and professionally?
Your answers to the above questions will decide whether your organization is on the path to sustainable business growth or not.?
See Video here. To book a strategy call email to [email protected] or call 91-9650080246
The Process. The Six Steps to Achieve Breakthrough Results
Having focused on people now let us look at the process.
The Blaze Digital Compass (BDC) is a cloud-based platform which will help you maximize both employee productivity and engagement by creating visibility, accountability, and real-time feedback.
To maximize both aspects of productivity and engagement the BDC facilitates six organizational, behavioral and management improvement processes.
1.??????Establish & Align Key Goals. This enables key goals to be kept in the front and center amidst the daily chaos.
2.??????Focus on Daily High Impact Actions. Every team member inputs the high impact actions; they are making to achieve your top goals every day and this is visible to the entire team.
3.??????Keeping Score. It predicts goal achievement based on the daily behaviors/actions of every team member (from C-suite to the front line).
4.??????Valuing Employee Sentiment. ?It identifies real-time daily employee sentiment and engagement.
5.??????Team Collaboration. ?Instantly broadcasts the high impact actions taken by every team member. This creates real-time 360 feedback as anyone (from the C-suite to the front line) can provide useful inputs and appreciate each other.
6.??????Personalized On-the Job Training. Provides highly relevant on-the job micro-burst professional development to help everyone improve their skills and performance based on the team or department learning plan.
The BDC is built to help you maximize both components of productivity and engagement by creating visibility, accountability, and real-time feedback.?
The Tool- Blaze Digital Compass- An AI Cloud Based Platform to Achieve Breakthrough Results
The BDC is based on a formula, Simplicity + Visibility → Accountability which enables achievement of breakthrough results.
Simplicity. Everyone knows precisely what the most important business goals are, understands the job to be done, and understands how they, the individual, will impact the goals daily.
We are not trying to say your business or your job to be done is simple, but we are saying that what you are trying to achieve must be outlined in such a way that there is no way anyone can misunderstand what they must focus on every single day.
Visibility. The BDC provides visibility of goals and actions to everyone who needs to see it.
When teams—regardless of location—can see all the daily and weekly Activities, Behaviors and Contributions accomplished by each team member it drives the right behaviors.
?The scoreboards are not only seen by the selected few but by all concerned. This discourages self-interest which is often at the expense of organizational success.
Now that you have visibility, you can now have accountability. Why? ?
Because Simplicity + Visibility drives Accountability.
Simplicity + Visibility =??Accountability
Accountability. Everyone accounts daily to EVERYONE!
Scoreboards drive a comparison mentality amongst team members. They also drive a spirit of continuous improvement. With this visibility, there is no way to hide, no way to let accountability fade.
This increased visibility and accountability will lend itself to ensuring that no action goes unnoticed and each action and its importance is highlighted to the entire team.
In short, the BDC is not an Annual or Quarterly performance reviews system but a Daily Performance Management System.
领英推荐
Daily Consistent Actions over a Period of Time Leads to a Tsunami of Results
See Video here. To book a strategy call email to [email protected] or call 91-9650080246
Conclusion
To achieve breakthrough results and grow your organization, you need to focus on improving both employee productivity and engagement.
The BDC is designed to magnify these two most important metrics and support you to achieve sustainable business growth.
The BDC provides you real time feedback and analysis on the health of your company and employees. It will also provide every employee a daily opportunity to tell you how they feel about work and how they are helping you to win!
?The predictive dashboards let you know in advance if there are weaknesses or inefficiencies that are preventing your organization from maximizing its potential and leading your industry.
With the BDC, you and your managers will be empowered and enlightened to lead consistently high performing teams by maximizing engagement and productivity and you will have real-time visibility into all of it every day, every week, all year!
Companies have significantly improved the following types of Business Goals by focusing on employee productivity and engagement are as follow:
·??????Increase sales in —- region by XX % or from__$ to ___$ by Q1
·??????Increase sales from the existing customers by XX % by Q1
·??????Develop structure for 5 types of reports to set them up in ERP system by Q1
·??????Complete 5 stages of the ERP implementation process by Q1
·??????Reduce expense under 12 cost centers by Q1
·??????Reduce the % of discrepancies between book keeping data and factual information from 6% to 3%
·??????Reduce expense submission entry from 30 days to 7 days
·??????Close an investment round with the minimum of $XX million
·??????Increase on-time completion percentage from 85% to 95%
·??????Improve net promoter score from 3.5 to 6.5
·??????Increase the Production volume from X to Y by Q1
·??????Increase the production capacity by 2 lines by Q1
·??????Increase sales in —- region by XX % or from__$ to ___$ by Q1
·??????Increase sales from the existing customers by XX % by Q1
·??????Develop structure for 5 types of reports to set them up in ERP system by Q1
·??????Complete 5 stages of the ERP implementation process by Q1
·??????Review expense types under 12 cost centers to analyze cost saving opportunities by Q1
·??????Reduce the % of discrepancies between bookkeeping data and factual information from 6% to 3%
·??????Reduce expense submission entry from 30 days to 7 days
·??????Close an investment round with the minimum of $XX million
·??????Increase on-time completion percentage from 85% to 95%
·??????Improve net promoter score from 3.5 to 6.5
·??????Increase the Production volume from X to Y by Q1
·??????Increase the production capacity by 2 lines by Q1
·??????Decrease the Quality Rejections by XX% or bring down plant ppm from X to Y by Q1
·??????Decrease Raw material cost by X% by identifying negotiation or alternate sourcing by Q1
·??????Reduce logistics cost by x% by Q1
·??????Increase the MTBF (Mean Time Between Failures) by XX hours by implementing condition-monitoring sensors to track machine health by Q1
·??????Decrease MTTR (Mean time taken to repair) by XX minutes by Q1
·??????Ensure Zero accidents in the plant or reduce from X to 0 in Q1Decrease the Quality Rejections by XX%
Bring down plant ppm from X to Y by Q1
·??????Decrease Raw material cost by X% by identifying negotiation or alternate sourcing by Q1
·??????Reduce logistics cost by x% by Q1
·??????Increase the MTBF (Mean Time Between Failures) by XX hours by implementing condition-monitoring sensors to track machine health by Q1
·??????Decrease MTTR (Mean time taken to repair) by XX minutes by Q1
·??????Ensure Zero accidents in the plant or reduce from X to 0 in Q1
To book a strategy call email to [email protected] or call 91-9650080246