Tags |
|
|
Links |
|
|
Casual Articles - Five Steps to Creating an Effective Strategy for Your Organization
In part 1 of this article, we looked at a variety of skills a Virtual Assistant (VA) can provide for a small business. In part 2 of this article, we look at the organizational and administrative skills that the VA must have to run their own businesses in a way that allows them to provide these services to others.- Organization: Obviously, a VA must be highly organized. There is a degree of administrative overhead with any business, and if you are an independent VA, you are running a business. Only by being organized can you keep the tasks that you have to do in support of your business to a minimum so that you are free to provide services to other businesses.You need to be able to multi-task since you will probably be handling multiple tasks for your clients at one time; multitasking is also an essential skill because you may be supporting more
Your purpose is the compass that guides all strategic decisions. Without purpose, strategy becomes mere shooting in the dark.
The purpose of your organization is its reason for being. It embodies the answer to a simple question: Why d
Business Owner Burnout (BOB) is the most common reason for business owners to consider selling their businesses. Most owners do not have their businesses ready to sell when burnout has finally taken its toll. And business owners who do succumb to BOB usually take a significant financial loss.How can you learn to protect yourself from the ravages of “BOB” Syndrome? The first step is to begin looking at your business in a completely different light. Your business is like a wheelbarrow: If you want it to go somewhere, you have to pick it up and push. But it takes energy to push a business. Physical, emotional and economic energy may be in short supply when they are needed most. What can be done to ensure an adequate supply of these essentials when they are most needed?The secret may be found when we ask ourselves important questions about our own
Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.-- Sun Tzu
A study not so long ago said that most companies have strategies, but 70% to 90% of them fail to execute those strategies.
That's a little simplistic. I don't think it reveals the whole story.
Look at any organization in trouble, and odds are you'll find a group of frantic, anxious people. Leaders will be demanding "answers," managers will be building "action plans," and workers will be tearing their hair out trying to implement them all.
There's a lot of "executing" going on, but there are no results.
What gets lost in such situations is how the organization got in that awful place to begin with. And almost 100% of the time, it got there because it lacked an adequate purpose-driven strategy.
It's easy to see why people prefer tactics over strategy. Tactics are about action and answer "How do we do X?" questions.
Strategy is about identifying what it is you want to do about the problem or opportunity, not how to solve it. Strategy defines what X ought to be, and why you want to do it.
The Purpose-Driven Strategy
A well-defined purpose is the context in which you create strategy. Your organization's purpose should be defined by a simple mission statement that is understandable by the average ten-year-old.
Your purpose is the compass that guides all strategic decisions. Without purpose, strategy becomes mere shooting in the dark.
The purpose of your organization is its reason for being. It embodies the answer to a simple question: Why do
I accompanied a visiting friend from my apartment in Singapore to a taxi waiting downstairs.He climbed into the back seat and promptly sat on a wallet left behind by the previous passenger.My friend looked inside the wallet and found money, credit cards and personal identification. I suggested taking the wallet upstairs right away to call the owner. The taxi driver allowed me to copy down the necessary information…but he wouldn’t let the wallet out of his sight.He did not speak English well, but he made his message very clear. ‘My duty,’ he gestured to explain. ‘She left wallet in my taxi. I must report to company right away. Then I must return the wallet!’This culture of honesty and personal responsibility deserves an honorable mention. Every year Singapore taxi drivers return hundreds of books, wallets and packages accidentally
Look at any organization in trouble, and odds are you'll find a group of frantic, anxious people. Leaders will be demanding "answers," managers will be building "action plans," and workers will be tearing their hair out trying to implement them all.
There's a lot of "executing" going on, but there are no results.
What gets lost in such situations is how the organization got in that awful place to begin with. And almost 100% of the time, it got there because it lacked an adequate purpose-driven strategy.
It's easy to see why people prefer tactics over strategy. Tactics are about action and answer "How do we do X?" questions.
Strategy is about identifying what it is you want to do about the problem or opportunity, not how to solve it. Strategy defines what X ought to be, and why you want to do it.
The Purpose-Driven Strategy
A well-defined purpose is the context in which you create strategy. Your organization's purpose should be defined by a simple mission statement that is understandable by the average ten-year-old.
Your purpose is the compass that guides all strategic decisions. Without purpose, strategy becomes mere shooting in the dark.
The purpose of your organization is its reason for being. It embodies the answer to a simple question: Why d
Would a Mobile Oil Change Company be a good business to own and run in Cincinnati? Does it make sense to start such a company doing this in that lower part of OH along the river? Can a small regional company in the mobile oil change business become the market leader and a strong regional player?Well these are good questions indeed. There are several people currently in that market such as Pitt Stop Mobile Oil Change and Location Lube. But a good entrepreneur could make it happen as one owner operator points out; “You are right that entrepreneurs are the ones who make things happen.”There is such a small company in that market which could make a run at the business model to become a regional dominator in the sector. Ever heard of Lube on Demand before? Well they are such a small regional company with the potential to take that market. And althou
What gets lost in such situations is how the organization got in that awful place to begin with. And almost 100% of the time, it got there because it lacked an adequate purpose-driven strategy.
It's easy to see why people prefer tactics over strategy. Tactics are about action and answer "How do we do X?" questions.
Strategy is about identifying what it is you want to do about the problem or opportunity, not how to solve it. Strategy defines what X ought to be, and why you want to do it.
The Purpose-Driven Strategy
A well-defined purpose is the context in which you create strategy. Your organization's purpose should be defined by a simple mission statement that is understandable by the average ten-year-old.
Your purpose is the compass that guides all strategic decisions. Without purpose, strategy becomes mere shooting in the dark.
The purpose of your organization is its reason for being. It embodies the answer to a simple question: Why d
Payroll software is a tool to manage all the accounting needs of companies, small businesses, multinational corporations, non-profit organizations, and other institutions. It is the easiest way to calculate timely and accurate processing of employee salaries, bonuses, tax withholdings, wages, and tax deductions. Payroll software is also the best choice to keep track of weekly, monthly, quarterly, and annual pay checks and payroll tax-related forms. Some payroll software makes use of the existing applications or can be customized into your available environment. Common benefits of payroll software are its reliability, flexibility, savings, ease of use, and convenience.After entering the initial information, payroll software automatically calculates figures and produces pay slips. It is simpler, accurate, and quick and most of them are user friendly. By
Strategy is about identifying what it is you want to do about the problem or opportunity, not how to solve it. Strategy defines what X ought to be, and why you want to do it.
The Purpose-Driven Strategy
A well-defined purpose is the context in which you create strategy. Your organization's purpose should be defined by a simple mission statement that is understandable by the average ten-year-old.
Your purpose is the compass that guides all strategic decisions. Without purpose, strategy becomes mere shooting in the dark.
The purpose of your organization is its reason for being. It embodies the answer to a simple question: Why d
Q. My performance review was disappointing, although I’ve had two promotions in the last four years. My boss said I needed to work on showing more leadership skills when I’m working on a team. When I try to pin him down for a discussion, he brushes me aside.A. As you move up the ladder, you’ll be expected to work on your own, with less and less feedback and direction.A lack of feedback can be a sign that you’re trusted and respected. You’re expected to read between the lines and interpret unwritten signals.Start with these three questions:Q1. What is your company’s culture around performance reviews?In some cultures, you’re expected to take a negative review in stride. Responding will be viewed as defensive and insecure behavior. Other cultures value discussion and at least the appearance of openness.Q2. What
Your purpose is the compass that guides all strategic decisions. Without purpose, strategy becomes mere shooting in the dark.
The purpose of your organization is its reason for being. It embodies the answer to a simple question: Why does the organization exist? When you have the answer to that question, you have the foundation you need to think about strategy in the right way.
The overall strategy for your organization and your purpose are inextricably linked. For instance, if your purpose is to be the voice of the insurance industry, your strategy might include educating businesses and consumers on the different types of insurance available to them, or taking on the growing problem of insurance fraud.
Strategy and purpose go hand-in-hand, and lead you always to the correct tactics for getting your organization where it needs to be.
Creating An Effective Strategy
Strategy is the answer to the million dollar question, "What are we are we going to do about X?"
When you have the right strategy, the right tactics needed to achieve that strategy fall into place all by themselves.
To create an effective strategy:
- Identify the key problems and opportunities, or challenges, your organization is facing.
- Identify the top five challenges.
- Describe what you will do to address each challenge. This is your strategy statement.
- Identify the initiatives and goals necessary to implement the strategy.
- Create a detailed action plan for reaching each goal.
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/44975/casualarticles-Five-Steps-to-Creating-an-Effective-Strategy-for-Your-Organization.html">Five Steps to Creating an Effective Strategy for Your Organization</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/44975/casualarticles-Five-Steps-to-Creating-an-Effective-Strategy-for-Your-Organization.html]Five Steps to Creating an Effective Strategy for Your Organization[/url]
Related Articles:
Providing a Service? But That's Not Passive Income!
You Want to Market Your Business, But Do You Have The Time?
How to Find the Compelling Sales Pitch for your Product or Service
Bookmark it:
|