In recent years, there are many articles on Business success and failures. I am not coming up with anything completely different but just highlighting the basics which are highly ignored. Perhaps, few entrepreneurs and leaders need reminders.
Work towards company’s success as a team
Working for a corporate is like playing a football match. Every player has to play for the team in order to win. If a player just thinks at the individual level and doesn’t give others chance or pass the ball to other players then the team is going to lose. Similarly, within an organisation, each employee should work towards company’s growth and success rather than fulfilling individual goals. Competitive spirit is appreciated but not at the cost of company’s success. Corporate goals should be prioritize over the personal goals.
Enhancing employee relationships
Along with client relationships and satisfaction it is very important to enhance employee relationships as well because employees are your first customer. Happier employees results into higher customer satisfaction and retention. Valuing employee relationships increases productivity and profitability.
Fostering creativity over long working hours
Innovation helps businesses to achieve competitive advantage. It is very important to foster creativity by strategic employee engagement over long working hours and rigid company policies. Leaders should actively guide their employees in stress management in order to have right balance between their personal and professional life. Creative mind will always treat deliverables as responsibility and not as business pressure or stress.
Many leaders still manage their employees by rigid rules and processes under the name of discipline and professionalism. Employee empowerment simply means allowing employees to work in their own way giving them desired flexibility to produce creative results. Empowering employees helps organisations to encourage employees to work towards corporate goals.
Thus, these are success factors for business that leads in streamlining operations, improves productivity, reduces costs, increases profitability but above all makes both clients and employees happy.