Today successfully managing a company is as challenging as ever during a COVID-19 outbreak with no clear perspective. It becomes increasingly hard to be sustainable and overcome the barriers of flexible working. According to vital-learning.com, bad management costs organizations an average of $33 per day resulting in high employer turnover, low employee engagement, and communication errors. As a result, employees experience a lack of supportive organizational culture, and productivity falls.
My name is My Name, and I’m a young and ambitious management consultant who will bring a positive change to the company’s organizational behavior and increase its performance. I suggest an innovative system of battling the critical management issue by following four simple steps. The strategy is based on a combination of an in-depth analysis of the stuffed animals’ industry, effective management strategies, and modern trends that will allow you to transform XYZ company.
Create a mission and set your goals. The proper quality reorganization of the company starts from its foundation. The foundation of a successful business lies in a clearly outlined mission. When the company does not have a vision, it is doomed for failure. Identify the what’s, how’s, and why’s of your company to develop a mission statement.
The stuffed animal industry is an excellent market for creating an impact. It does not only bring joy and entertainment but also allows to educate the next generation of human beings and create cultural inheritance. For example, the strategic vision of Disney Entertainment Group has excelled the idea of making toys that are not just fluffy but also have a particular character that serves as a role model for children.
When you know the mission of your business, you can develop clear goals. Goals should be SMART (specific, measurable, achievable, realistic, and timely) and embody your vision. A SMART goal for XYZ company would be to create a new line of 5 talking plush animals by March. Establishing the company’s mission and goals allows building a culture that values children’s education and creativity.
To achieve one’s goals, you need to create a strategy that includes organizational modifications and establishing employee relations. A strong leader with a mission can impact its organization and manage its functional structure to improve productivity. Instead of a typical hierarchal design, you can consider a more flat version – a divisional structure with strong management. Creating large departments with chief executives responsible for a separate line or products creates an opportunity for flexible management and strong team building.
A strong united team is a key to better productivity. Optimize your recruiting strategy and broaden your options of candidates. Diverse workers of various ages or national backgrounds can show a new perspective on the problem and generate new ideas.
The personal approach towards the employees is essential to build trusting relationships. Write personal emails, have one-on-one sessions with employees, or gift a stuffed animal on the employees’ child’s birthday. You also need to implement regular meetings for the branches in every division via zoom and debrief with the managers later. To enhance this practice, team building activities and change agents can be used as well. Weekly brain-storming or inviting business coaches brings the employees together in joint activities and generates more ideas to implement in the business.
Management issues can overwhelm every company. Even during COVID-19, it’s vital to preserve the integrity of the company. The challenges present you with an opportunity to work with and develop. The best way to battle the arising problems is to have a skillful management consultant who can help you weather the storm.
Reference
Place, T. (2017). The cost of mediocre managers. Vital Learning. Web.