New Year’s resolutions in business

Content:

Even though it’s already mid-January, we still have time to implement the New Year’s resolutions that will have a positive effect on our business. Apparently, with the advent of the new year, half of Poles set some goals for themselves and 86% of them believe that they will succeed. Unfortunately, only 1/10 manage to follow through. Does the same apply to businesses? Do such decisions introduce order or, perhaps, wreak havoc within the corporation? Is this a good way to motivate the employees and refresh the aims of the company, or a recipe for aggravating our team’s morale?

Small enterprises—extensive changes

If we decide to set goals for the new year, we have to thoroughly consider which elements or units of the enterprise are the most important for us, what we want to change, and what to achieve. This is why it is worth analyzing our company a bit and focusing on its departments.

To some extent, small entrepreneurs have it easier. One-person enterprises or enterprises employing several people at the most can analyze their situation much more easily and find critical points with a huge influence on business activity much faster. Being the employer and the employee at the same time, we know our needs and what we have to change for our enterprise to develop. This is why resolutions include finding more clients, hiring employees, working less with higher efficiency, etc.

The list of the resolutions most often set in small businesses includes first and foremost developing own website, building relations in social media, writing a blog, and branding. However, they also include goals such as ceasing to cooperate with clients who do not pay on time or charging them on a prepayment basis, estimating task deadlines feasibly, ordering work, etc.

For a small business, a list of such resolutions may be key to raising their business to the next level. Client focus, feasible estimation of implementation costs, and task deadlines are the main aspects to improve.

large companies and changes at different levels.

In large companies, the introduction and determination of new year’s resolutions may prove to be much harder. A set goal can regard the company as a whole or individual unit, it can affect a few employees only, etc. Thus, there are changes implemented on a micro and macro scale.

Resolutions in large companies can also be divided into those concerning procedures, those referring to organizational culture, and those concerning employees and their competence. Trade departments can add a goal to exceed sales thresholds, and salespeople can focus on acquiring a larger number of leads. However, it is up to the enterprise whether to treat such goals as resolutions or milestones.

Why are these three types of resolutions so important in larger structures? They are extremely significant for performance and work culture. Let’s start with the latter issue and decisions regarding the necessary changes.

Changes in organizational culture

There are a lot of enterprises on the market, and each one of them is managed differently. They also include companies whose cultures are based on conformism, guesses, speculation, and poor delegation of tasks and responsibilities. Despite poor management, their market position is not threatened, but it might happen in the future. Such a situation will sooner or later lead to a personnel shortage or to staff turnover, which will deprive the enterprise of specialists with extensive experience. In such enterprises, it is worth taking care of a better start in the new year and beginning to implement different, employee-oriented cultures. For this to happen, it is worth trying too:

  • Establish a value system – a set of answers for employees to tell them how to behave and what to do to make the enterprise’s vision come true;
  • To create the perfect brand, the vision of the enterprise has to be well described and presented. It will not only direct the employees’ actions but can also draw prospective partners and clients;
  • create a narration – a communication language that allows us to present the company’s history, build its image, and so on;
  • Arrange the workplace properly—the organizational culture goes hand in hand with its appearance. The way we prepare the office for our employees, the layout of the rooms, and the decor will have a huge impact on them.

However, that is not all. Building an appropriate culture also means changing the way management thinks. What is now becoming more popular are blue ocean leadership, companies employing lean management, and enterprises where employees are simply listened to.

When do we know that the time has come to change the management method and the organizational culture? Primarily, when the performance of employees declines drastically, when large differences are visible in results among different teams, or when you hear complaints in the enterprise corridors, A good manager can just feel it at times. It is worth conducting analyses and employee surveys showing how much they need change.

Changes in procedures

Poor procedures, wrong communication routes, and document circulation affect the efficiency of the organization hugely. It is the change in procedures and management methods that should be another one of the new year’s resolutions for a lot of enterprises. Like in the case of the analysis of the organizational culture, here we can find many mistakes contributing to how the enterprise operates in the market.

The greatest effect can be achieved only when you are aware of what resources the enterprise has at its disposal and when you know how to use them. Losses caused by poor procedures can go unnoticed and only the analysis of activity shows just how big they are.

Let’s use an example here. The simple task of scanning documents and sending them to respective departments can take a long time every day. The introduction of the LEAN methodology helped an enterprise to save over 40 hours a week on that task. All it took was to rebuild the process and equip the employees with an additional machine. This is only an example, but it shows perfectly that even small changes have the potential to influence the operation of the entire enterprise greatly.

Change vs. people

It is the employees themselves that are a huge wildcard when introducing changes. They may fear losing their position, having more duties, or being delegated to other tasks. Hence, if we decide to introduce changes, we have to communicate them to our subordinates well. It might be that many of them do not know the management methodology we have chosen. Lack of communication is the biggest mistake, which may end up creating conflicts.

Enterprises helping manage changes in enterprises come to the rescue. They ensure appropriate training, their employees are part of a team and they can discharge the tension forming in such situations. So if we worry about lowered morale, worse performance, etc., it is worth using the help of people with experience.

Let’s roll!

If we make a decision, it is important to create a plan to implement it. Every goal must be planned and have specific assumptions, milestones, and budgets. After all, this is yet another project that we have to run. If we do it well, though, we will be able to see palpable results. So—let’s roll!

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