Effective Turnaround Through Strategics Approach

| Wednesday, February 5, 2014
By Jayne Rutledge


The ability of an organization or company to change depending on prevailing circumstances determines its long term success. Strategics is one of the approaches required at particular moments in the life of any business entity. It gives room for a new approach in production and service delivery that is guided by efficiency. New ideas must be implemented in a way that will change the fortunes and projections of the entity.

There are different areas that require strategic management. They include technology, communication, human resource and leadership. The aim is to provide a fresh approach to issues in such a way that you experience drastic change in fortunes and direction. The inclusion of an outsider in the strategic planning and implementation team injects new ideas and ways of doing things. Such a move causes a departure from routine so that results may change.

Strategic planning takes the form of project management. There are different goals for the team, department or organization with specific deadlines. There are short term goals that will usher in change. They give an indication that something is changing within the shortest time possible. More focus is given to the core functions of the organization. Such a move is aimed at establishing a different culture of service delivery.

It is during crisis that strategic approach is most important. The management of a crisis shows your regard for the concerns of customers and reveals the effectiveness of your organizational and operation structure. Any crisis causes attention to be focused on your firm and could lead to loss of clients if not handled well. Such scenarios are bad for your corporate image.

Adoption of technology requires strategic approach to effect a smooth transition. An expert evaluates your current ability and future potential with inclusion of the latest technology. Technology should be adopted in phases after a thorough cost benefit analysis. The analysis evaluates the need for software, hardware and how to enhance connectivity in the environment. This will guarantee seamless adoption of technology to spur growth.

Every organization must put in place a strategic communication plan. The plan details internal and external communication modality that will deliver the right information to the right people at the right time. A defined structure in the form of a communication protocol shows different clearance levels and authorizations. Organization and company secrets or information is only assessable to the right persons.

Human resource is a crucial part of any turnaround. It should be audited to establish its effectiveness, capacity and ability to help the firm achieve its future aspirations. The areas to focus on include availability of vital skills that are needed for future operations. This will lead to scaling down of workforce and recruitment of new people or retraining the old ones. Such a move will give a workforce that is prepared for the new future.

Strategics allows you to maximize on the potential of a company or organization considering the prevailing conditions. It calls for new ways of doing business that is responsive to a changing atmosphere. Engaging an experienced and skilled team ensures that you get value for money and enjoy the latest knowledge in the industry.




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