Due to the current economic scenario, it is common for companies to present problems related to falling results and low income. However, many companies have had complications that have been in place for a long time, and because of this they are unable to establish themselves in the market and maintain their productivity and income, which is why they end up closing or dismissing a large proportion of their employees.
In periods of crisis, it is essential to turn your attention to management and productivity, so that your company can increase results, managers need to keep in mind two essential concepts: competence and performance . Therefore, actions need to be designed to improve company management and team productivity, as well as the role of each employee, to maintain the organization in the corporate environment .
From this, we have prepared 9 tips that can help your company improve results and competitiveness in relation to competitors and the market.
Changes focused on productivity
First of all, you need to keep in mind that if your company is not delivering the expected results, something is wrong, and when something is not right, it must be modified. You need to understand that insanity is doing the same thing every day expecting a different result, so if you are not satisfied with your company's performance, get ready to make changes in all sectors.
To know where it is best to focus changes, it is necessary to evaluate which sector or part of your company is not generating the expected results, and then implement improvements, always aiming for results, only then can you make your company more competitive.
Understanding Return on Investment (ROI)
Calculating ROI is nothing more than knowing how much money the company is earning (or losing) with each investment made. This includes everything that is done with a view to some future profit for the company, such as training the sales team and strategies for attracting new customers. This way, it becomes clear not only which investments are advantageous, but also how to optimize those that are already working, so that they perform even better.
Make strategic planning
It is important to put on paper the reason for your company's existence, how you want to be recognized and list the qualities you want for your team. Bring this information into your discussions and remember it at all times. Mission, vision and values exist to guide you and your team.
Define the competence of each position
This tip seems not to be that important, as you, as the company manager, know what each employee is doing within the company and how the positions are distributed. However, it is of great importance that this assessment of each person's skills is carried out, so that the company's strategic planning can come to fruition.
Preserve your company information
With the use of the internet for practically all our daily activities, extra care is needed when positioning the company in the digital environment. Security a constant concern for managers, who must ensure that company data is not put at risk. When it comes to security, the main investments must always be in preventing problems generated. In the event of security breaches, the risks and losses are often enormous, such as loss, leakage or hijacking of information .
Make goals reality
Set short, medium and long-term goals, as this makes planning easier and also makes you notice progress gradually. Defining, publishing and monitoring goals for each department facilitates the achievement of the company's objectives and also ensures that each employee knows their role in achieving the goals and can help achieve the final objective, which is the search for better results.
Give your team autonomy
Results are better when employees feel part of the company's solution and definitions, so encourage decision-making at all levels. Decisions aligned with the company's values are unlikely to be negative, the effort to incorporate the values is less than that of managing all decisions.
Identify the flaws
As you have already identified the profile of each employee and given autonomy to your team, now it is time to see where the flaws are, reasons for the drop in results. Analyze your team and see if people are in the correct sectors within the company and fulfilling their employment obligations.
Know the value of productivity for results
Productivity is one of the characteristics most requested by companies today. This happens because it is totally linked to growth and better results. Controlling productivity is important to make work yield more and to ensure that the time to carry out activities is sufficient, after all, time is money, so working more in less time means earning more.
The drop in productivity can be a negative point when seeking results for the company and can be caused by numerous factors, such as wasted time on social media , idleness, lack of dialogue and definitions, among others.
Controlling productivity through management will help you identify your company's weaknesses, make it more productive, reduce waste of time and resources, making your company more efficient and competitive.
Do you think these tips were useful and could help you boost your business and bring you more results? Share your experience with us and continue following our blog.
