Written by: Katarzyna Dorosz, Executive Contributor
Executive Contributors at Brainz Magazine are handpicked and invited to contribute because of their knowledge and valuable insight within their area of expertise.
Companies that weather the gravest storms of a crisis exemplify well-crafted strategies, resilient management, and developed contingency plans. Be open to innovation, observe, and learn from the best. Analyze their strategic approach and actions, and strive to integrate them into your company.
Here are the most common business management mistakes:
The management does not have a clearly defined plan or long-term strategy.
The company is unprepared for success.
The management team harbors divergent views on the execution of goals and activities and the allocation of resources.
Today, I will illustrate the importance of astute company management during a crisis.
1. The adage "the fish rots from the head down" applies to companies that collapse from poor management. This underscores the need for the management board to engage in continuous training, mastering team coordination, time management, and critical thinking. Adopting new forms of management should be an inherent part of immediate action, as outdated methods often contribute to current issues.
2. Upon recognizing the need for change, we can introduce new methods of implementation, given that our employees are prepared for action. The leader should immediately guide the teams, enabling them to focus on resource procurement and an efficient learning-by-doing process. We regularly evaluate the efficacy of new methods and refine them as needed. Daily analyses of our actions foster a culture of change implementation and adaptation among our teams.
Improved communication methods and increased team creativity are direct outcomes. Once teamwork is mastered and standardized, the company will achieve success and development, irrespective of external market conditions. Constant monitoring of changes is key, and at this point, simplifying the strategy should be considered.
Employees possess the deepest understanding of change implementation within their respective departments, and thus, should be empowered to create a roadmap for change. This provides them with an opportunity to enhance their day-to-day operations.
3. Introducing a structured system for the new strategy will foster confidence among all employees. A roadmap for change, created individually by each department and employee, streamlines the cooperation system. This challenge also allows everyone to constructively assess the current state of affairs.
With a clear and transparent situation, the CEO can manage the company more effectively. The X-Matrix methodology can be a useful tool in formulating strategy.
Key questions to address are:
What do you want to achieve in 3-5 years?
How far do you want to go in your first year?
How do you plan to do it?
How will you measure success?
Who is responsible?
Any increase in the cost of materials, inflation, or challenges with procuring materials are trials for the company, not problems.
Successful company managers do not fear these challenges because they constantly analyze, plan, and focus on how to amplify profits with precision.
I wish every CEO, manager, and employee the opportunity to work in a team that is open to new challenges.
If you wish to learn more about opportunities for company and employee development, please contact us here.
Katarzyna Dorosz, Executive Contributor Brainz Magazine
Katarzyna Dorosz is a leader in the field of brain performance, mental performance, and improving memory and quality of work.
She is a world-renowned expert for senior and mature individuals who also conducts research on longevity. She is also a lecturer and author of several books.
Katarzyna works with many prestigious American universities about attaining meaningful longevity in Life and how to maintain brain function.
She also supports women around the world through motivational lectures. Her attitude and stubborn pursuit of purpose show how important changes and progress in life are. She is also the author of the TV Show "The Power of Life".
During lectures, she uses the "Educational kinesiology and Emotional intelligence" and developed her own methods of exercises that provide excellent memory, concentration exercises as well as relaxation, and a set of physical exercises to improve the condition (adjusted to the age and flexibility of the body).
In business training, Katarzyna uses the popular Japanese Kaizen method, i.e. a philosophy based on changing lifestyle ‒ an endless process of improving and improving the quality of the company.
