The survival ‘dog eats dog’ is back in business as the world struggles to recover from the impact of ‘Bush-driven economics’.
Key question – ‘how will business directors ensure continuity and shareholder value in these turgid times?’ An equally valid reply from some US boardrooms could be “But how can you plan to survive when your employees are only productive for one hour per day!” However, I am sure the silence will be deafening on that one!
(Ref: The 2008 US Workplace Productivity Report (Lexis Nexis.com)finds that the average white collar employee’s productivity is no more than 60 minutes per day!)
Hmm, who was in charge of these people over the last 3-5 years? Many questions, few answers, all adding to the need to move rapidly into a recovery position. However, consider this: even if you achieved a 100% increase in productivity, approx.75% of productive time is still being wasted! Time that you cannot afford to be paying for!
So, the hard questions for Directors and Management are. ..
“How lean can we get and still deliver on our customers expectations?”
“What cost savings can we achieve by utilising web-based technology
services (SaaS)?”
But undoubtedly the hardest question is:
“Do we have the right team in place to make a change like this happen?”
Remember Richard Semler, a Brazilian manufacturer, who when taking over a family company, reduced the company bureaucracy by 12 management levels to 3 and changed the working structure from the rigid hierarchical corporate pyramid to fluid concentric circles. He then threw out the territorial offices replacing them with meeting rooms with secretarial support. Today his company booms, experiencing an average of 27.5 % p.a. growth every year for 14 years, through 2 recessions.
This is the type of thinking that we clearly need right now to handle the financial impacts from current events. If you can answer Yes to the question ‘Do we have the right team in place to make the changes we need to make, in the timeframes we need to make them?’ …then you are already moving into position. Good luck!
Tags: elearning, audited, business, careers, increased, innovation, leadership, management, monitoring, performance
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