4 Resolutions every business should have in 2014
1. Look outside
Rob Sheehan, author of Mission Impact, writes in his blog that our environment is increasingly volatile, uncertain, complex and ambiguous. He notes that this type of world provides companies even more opportunities than before for their leaders to be externally focused, have clarity of purpose and remain nimble.
By “externally focused,” he means leaders need to pay vigilant attention to trends and changes in the environment. They should get out of the office regularly and talk with clients, collaborators and even competitors. To have clarity of purpose, Sheehan advises having a specific purpose for the firm and its goals.
2. Be nimble
Don’t be wedded to past practices if you aren’t getting the results you need, Sheehan writes. Today’s world requires creative responses to changes in the environment. Similarly, Bryan Anderson, founding member of All Solutions 360, also says that the outlook for this year is very positive for companies that can manage change and deal with an ever-changing environment. Being adaptable is what separates companies that are successful and those that aren’t.
3. Invest in the business
The economic climate of the past few years has had many firms “making do” with patches to their various internal systems (for example, financial systems, payroll systems, IT systems). Now may be the time to invest in longer-term fixes and finally make improvements that can align with the firm’s business strategy.
Companies may now finally be able to hire some new employees. They should, however, also ensure that their compensation is equitable for their current employees who may not have received as many raises or bonuses over the past few years.
4. Show your appreciation
All leaders in the company, especially the chief executive and other senior leaders should take the time to reach out to their employees to share their appreciation for their time and hard work. This is especially important if employees have been asked to do more work with fewer resources.
There are plenty of things both individuals and organisations can do to make 2014 a great year. We just have to start.
– Source BRW, Joyce EA Russell, 9 January 2014
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