Image by Gerd Altmann
Issues with human capital are the leading reason why employers lose sleep at night.
Internal issues mostly from problems associated with human resources often represent 50 percent or more of a company’s obstacles to success. It can be unnerving for managers.
This certainly includes dilemmas such as what to do about employees who don’t understand or who don’t implement the employer’s vision plan for growth.
When a company’s vision is not implemented, the organization suffers dire consequences.
Leaders also know the situation is preventable.
How?
The solution: Establishing enhanced procedures in communication – the effective conveying of information.
Essentially, leaders provide employees with the answers to these questions:
- What do they need to know?
- When do they need to learn about it?
- What needs to be done?
To relay such information, leaders take these critical steps:
1. Ascertain priorities in information
Whether the vision involves expanding into a new market or the launching of a major marketing campaign, leaders determine as soon as possible the best approach in priorities.
This often necessitates a SWOT analysis – determining the strengths, weaknesses, opportunities and threats to the vision plan.
Such bosses know to delineate what will be necessary for each part of the plan.
Once they develop the information for the salient concerns, they get employees involved in the development of the minute details.
This helps to ensure the vision plan has clarity, is precise and is orchestrated well.
2. Connect concerns with each salient phase
Sometimes plans go awry. Management has to make some difficult choices, which leaders know how to do.
In other words, they anticipate variables in information for every critical point and make appropriate decisions.
This means making certain they’re prepared to make the right decisions in order to save time and money.
At every step of the way, they ensure the action plans are implemented with agility and speed by reviewing their SWOT analyses to anticipate and deal with issues.
3. Review the plan with employees
The staff must understand all vital information. So leaders communicate priorities – the five Ws and the H – who, what, when, where why and how.
So when, not if an obstacle appears, everyone will be on the same page to quickly respond.
It’s all about responding – not reacting – clearly thinking about what to do and not just making an ill-advised knee-jerk reaction.
4. Amend priorities as warranted
Change, of course, happens. Few, if any, plans go exactly as planned.
If something unexpected occurs, there has to be a course of action for making revisions. So leaders know to be lithe: they bend readily, they’re pliant, they’re limber, and they’re flexible.
Once priorities have been adequately communicated and appropriate options are on the table, leaders are be able to fine-tune their approach to increase their odds for success.
From the Coach’s Corner, here are related sources of information:
Characteristics of Intuitive Leaders for Strategic Planning – Artificial intelligence and big data aren’t always applicable in decision-making and strategic planning. But intuition is.
10 Execution Values to Guarantee Your Strategic Plan Works – Many companies devote resources to devise a great strategic plan. But they fail in their objectives because they don’t link their strategy to execution. So here’s how.
Clues You Need a Vision Plan for Growth – How to Write It – If you don’t have a written vision for fast growth, the reality is that you’re losing out on potential business. A written business plan is best. But if you don’t have the time and resources to write it, go to plan B – a vision plan.
Best Financial Strategies for Your Business Plan – When updating your business plan as an established company or writing it as a startup, be sure to intensely focus on the financial section. Here’s how.
12 Best Financial-Planning Tips for Entrepreneurs – Typically, there are critical mistakes made by entrepreneurs. In essence, they’re so busy putting out fires they leave their financial security in doubt.
“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”
-Jack Welch
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