Showing posts with label Organizational Structure. Show all posts
Showing posts with label Organizational Structure. Show all posts

Entrepreneurs - 15 Questions to Ask Yourself

Whether or not you are planning your start-up, launching a new product and/or focusing on what it will take to get your business to the next level, ask yourself these questions.
  1. Clarify my goals ... where do I want to go?
  2. What kind of enterprise do I want to build?
  3. What risks & sacrifices does such an enterprise require?
  4. Can I accept these risks and sacrifices?
  5. Setting strategy ... how will I get there?
  6. Is the strategy well defined?
  7. Can the strategy generate sufficient profits and growth?
  8. Is the strategy sustainable?
  9. Are my growth goals too conservative or too aggressive?
  10. Executing the strategy .... can I do it?
  11. Do I have the right resources and relationships?
  12. How strong is the organization?
  13. Can I play the role required? 
  14. What knowledge, experience and skills gaps exist amongst my team and I?
  15. What advisors can I put in place for support? 
View Pat Alacqua's profile on LinkedIn 

Be Good at "Execution" - Right Approach & System

Do you sometimes worry about spending too much time planning and not executing effectively? Trying to figure out the management system that ensures clarity for expected performance with accountabilities for results?

Do you feel you and your staff spend too much time putting out "fires" and there is just not enough time in the day? Are you searching for the root cause issues that hurt productivity? Want to implement a system that identifies the right priorities and provides staff feedback recognizing results rather than activity and time spent?

Do people understand what you expect? Do they have the sense of urgency you need? Do you have clarity and alignment on the "what" and the "when"?

Ensure you have the right management process for your company. The right framework for structure, staffing, performance expectations, decision making and accountability systems in place.

Ask yourself the following questions:

  1. Does my organization structure effectively implement strategy and plans? What adjustments do I need to make?
  2. Do we have results based role definitions for the jobs within the structure? Do we identify Key Results Areas (KRAs) or is the focus lost for the role in a never ending list of activities for each role?
  3. Do we have performance scoreboards that track the right metrics for each role?
  4. Do the people who fill each role have an annual/quarterly/monthly "personal" targeted action program with clear accountability? Incentives where appropriate? Control points, early warning signals & back-up plans?
  5. Do the people filling each role in your company understand who in other parts of the company & outside the company are critical to them producing their expected results? Are they aligned on how they need to support each other? 
  6. Do the people filling each role understand the level of decision making authority they have? What decisions you expect them to influence but not make on their own? What decisions they can make on their own? What decisions they should be delegating? 
Really good companies are good at "execution" of strategy. What good are all the ideas if you can't "make them happen"?

Increased productivity and results don't just happen .... The right disciplined management systems are the key to implementing strategy. Evaluate your current systems.  Ensure you have the right approach and the right systems to get the results you need and expect.

View Pat Alacqua's profile on LinkedIn