|
"It is
impossible for ideas to compete in the marketplace if no forum for
their presentation is provided or available." Thomas Mann, 1896
FOR C.E.O.'s
ONLY
Creating a New Company for a New Economy
Author: Janet Conn
Contributed by Polak International Consultants, Inc.
Introduction
This
is a challenging time for executives. Companies
are now finding that they need to reinvent themselves to keep up with the
demands of global expansion, changing technologies, and attracting and retaining
employees. Amidst these pressures,
a CEO’s objective is to increase profits by expanding markets, decreasing
costs and ensuring long-term growth. The Polak Process understands these demands and can assist
you in creating the changes in your organization to maintain your competitive
advantage.
The Key Characteristics
to Compete in the New Economy?
-
A strong corporate leadership
-
A positive value-driven culture
-
A model for employee empowerment designed to attract and
retain the very best people
-
A customer focused perspective at all job levels
-
A commitment to innovate and create the internal
business processes to achieve organizational goals
What Are The
Changes You Need To Make?
Executive
and Management Level
-
Engage executives and managers to re-evaluate their
company’s mission, values, and strategic vision
-
Develop a visible and accessible leadership team
who function as positive role models, and instill a sense of openness that
encourages employee participation
-
Train management to think across traditional
boundaries; build their capacity to optimize creative thinking and insights to
generate ideas and innovations
Organizationally
-
Replace organizational structure with one that
places executives in the center, where departments form a circle of life around
them
-
Create an egalitarian environment by assessing
where changes can be made to achieve a less hierarchical structure
-
Examine alternative ways of defining your culture
(eliminating titles, restructuring work space, developing a cross-team approach)
-
Instill a sense of employee empowerment
-
Increase channels for expanding communication
throughout the organization
-
Introduce changes gradually; create appropriate
mechanisms to build buy-in and stakeholder support
Employee
Level
-
Identify the core competencies and valued behaviors
that will allow employees to understand the interrelationship between their jobs
and the company's strategic vision
-
Design a performance management system that gives
employees the tools to take ownership for their own growth and career
development
-
Create a mechanism to encourage employees' role in
their salary, bonus and benefits decisions
-
Provide opportunities for job change and
advancement within the company
-
Communicate to employees with sensitivity to their
personal needs
-
Provide incentives and rewards that are meaningful
and fair to each employee
Customer
Level
-
Enlist all employees in the organization to
identify the various ways their roles interrelate with a customer focused
approach
-
Proactively seek ways to exceed customers’
expectations, both within and outside the organization
-
Institute changes in telephone protocol that
enhance customer satisfaction
What Are The
End Results?
The Process
described increases profits and decrease costs by reducing employee turnover
and providing a stable workforce. By
creating an environment that empowers employees, the company will be motivating
them to be more productive, and experience their work in a more meaningful way.
Employees
will see themselves as an integral part of the business process, respond
proactively with a customer-focused orientation and understand how their job
contributes to the overall strategic vision.
Editorial Policy: Nothing you read in
The Business Forum Journal
should ever be construed to be the
opinion of, statements condoned by, or advice from,
The Business Forum Institute, its staff, workers,
officers, members, directors, sponsors or
shareholders. We pass no opinion whatsoever on the
content of what we publish, nor do we accept any
responsibility for the claims, or any of the
statements made, within anything published herein.
We merely aim to provide an academic forum and an
information sourcing vehicle for the benefit of the
business and the academic communities of the Pacific
States of America and the World. Therefore, readers
must always determine for themselves where the
statistics, comments, statements and advice that are
published herein are gained from and act, or not
act, upon such entirely and always at their own
risk. We accept absolutely no liability
whatsoever, nor take any responsibility for what
anyone does, or does not do, based upon what is
published herein, or information gained through the
use of links to other web sites included herein. Please refer to our:
legal
disclaimer
The Business
Forum Beverly Hills, California, United States of America
Email:
[email protected]
Graphics by
DawsonDesign
Webmaster:
bruceclay.com
©
Copyright The Business Forum Institute - 1982 - 2015 **
All rights reserved.
The Business Forum Institute is not responsible
for
the content of external sites.
Read
more
|
|