Strategy Execution Blog, Research and Analysis
Align Goals and Projects for Maximum Productivity and Profit
Projects can stray wide of the mark of business goals. This is a major challenge especially within small businesses. There are a few steps businesses can implement to align goals and projects for maximum productivity and profit.
"A company with employees aligned on goals for the future is able to reach those accomplishments faster. The employees enjoy a greater sense of teamwork and may be less likely to leave the company." -Shelley Frost, How to Align Employees With Company Goals
Create an outline of future business goals. This is your road map to insure the business stays on track. It also guarantees that employees are on the same page. Make sure to prioritize your list. Projects that will be profitable in the short-term should be the top priority. This will maximize profits and potentially fund other ventures listed further down the list.
Once you have the big picture, focus on one project at a time. This prevents business owners from overextending themselves while still maintaining the ability to properly allot resources. Assess your current resources. Do not move forward with a project if you suspect you do not have the staffing requirements to carry out the task.
Break down larger goals into smaller more manageable tasks. This will prevent overwhelming employees and managers. Divvy responsibilities out according to ability. Spreading out the workload allows various parts of the project to be completed concurrently. Establish benchmarks that employees should meet by a specified time. Being productive saves time, and time is money.
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