Do you look at your company’s numbers and show concern? It seems that things are not walking and do not see prospects for improvement? Many companies, at any given moment, go through situations like this. It’s a symptom that something needs to change. Your company does not grow and we will show you the three main and probable motives.
You don’t Long-term planning
When your business management settings target only short-term actions; all resources, including time, are spent on routine activities that we can often label “extinguishing fires” -rather than invested, effectively, in the company’s growth and leverage.
When you do not plan long-term it is very difficult that you can recognize and circumvent, in a timely manner, adversities – especially those of the external environment (market). This makes it more prone to suffer losses, even irreparable, in times of change and crises.
When you do not plan in the long run it fails to seize its strengths, loses in productivity, and consequently in quality, sales, etc. This is because you end up spending all your potential on everyday activities that just keeps you, but they don’t lead you to grow.
A company that wants to grow needs to be guided by strategic objectives with action plans to achieve them. In this way, the resources of the Organization will be better exploited and the results achieved will be extremely superior.
You plan to But it doesn’t run
Many managers plan long-term, they just don’t perform. If you’re one of those, unfortunately I need to tell you thatplanning and not running is even worsethan not even planning, because besides not taking you anywhere you wasted resources planning something you wouldn’t do.
There are companies that are very good at planning, they know where they want to be, but they end up getting carried away by Day-to-day events and do not perform what they have planned. Being a good manager also means being good at ensuring that what was planned is executed, because this will lead the company to achieve its goals.
To facilitate the execution of your planning actions you can elaborate a detailed action plan that will unfold your goals in small daily tasks. Use tools that help you in this; One of them, very efficient and also very simple to use, is the 5W2h. It helps us identify from who will perform a task, when and how it will be performed and also the necessary budget. We have an article explaining best how to use and its advantages: 5W2H Analysis: A method of solving problems and drawing action plans.
You don’t Measures your performance
The third reason that contributes to companies not growing is to not measure operational, tactical and strategic results. If you do not know the results that your company is delivering, there is no way to improve. And if you don’t know the results, how do you know you’re succeeding? You can’t count on Achisms anymore.
Indicators are information, data selected, demonstrating how the company achieves its goals. The indicators help you understand why some results have not been achieved, will show you the bottlenecks that are disrupting the growth of your company and its causes. And yet, they will help you know your strengths and how to exploit them.
The three main reasons for a company not to grow are: lack of planning; lack of execution, and; Do not measure performance. The strategic planning, one of the categories of business planning, as its name says, establishes long-term strategies, necessary to achieve results and objectives that lead the company to growth. Once the planning has been defined, you must perform all actions and tasks, and measure the results that are being achieved.