Creating High-Performing Organizations – a challenge?

What does creating high-performing organizations take?

All successful organizations have one common denominator – they are high-performing organizations.

Step One: Laying the foundation

Defining and articulating who we are, where we want to be, and what matters to us along the way?

This information will serve as the roadmap for the strategic planning that is to come in step two.

The Common Pitfall: while many companies fail to define it but many of those who do leave them as a Statement on the wall. Neither are these shared with the employees at large nor are they inculcated in the culture of the organization

Step Two: Identify where you want the organization to be?

Define a clear strategy for getting there.

This involves taking a hard look at where you are and what needs to be done to reach the goal defined. What is working well, what needs to change?

The Common Pitfall: Very often the management fails to see the bigger picture we get cocooned by the comfort that the practices that have got us till here will take us till the goal – one forgets as you grow resources/skills/processes etc. needed to take the organization forward change one needs to adapt and evolve.

Step Three: Define a Structure

Once you have your strategy clearly defined, it is essential to define a structure, policies, and processes that align with it. Once this is in place comes the next critical piece of the puzzle – hiring right. Hire people that align with your thinking, have the right talent, define talent acquisition and retention policies ad processes that help the talent grow within the organization to achieve the strategic objectives.

The Common Pitfall: Often Organizations focus on the organization structure or on the culture. High-performing organizations recognize the merit in bringing the two together how the organization structure and culture create the organization’s atmosphere and working environment.

Step Four: Build-in Adaptability.

Change is the only constant prepare for it, have a contingency plan. Watch out for changing and upcoming trends work on ways and means to ride the tide by either product expansion or audience expansion.

The Common Pitfall: Organizations carry a reactive approach. We shall see when it happens, high-performing organizations plan ahead exhibit shorter reaction times, and are quick to adapt.

Step Five: Invest in talent.

It is the right people in the right place that will drive your organization forward to reach where you wish to be. Make evaluation transparent. Define key performing parameters, define goals and track progress. Enable your teams with the right training to help them stay engaged and grow with the organization

The Common Pitfall: Organizations fail to plan for “how we will know how we are doing” against the overall strategy. They are reluctant to invest in employees lest they leave. Employee engagement is often not tracked or addressed.