Businesses always need a well articulated direction to succeed. This direction more often than not, comes from the company’s mission statement. Bought in by the entire company, a clear mission can set the business up for success. Potentially it can also overhaul public perceptions about the brand. The flip side of the coin is also
Burnout associated with chronic work stress is a growing global concern. It leads to a state of mental exhaustion at work & lack of motivation. Eventually it ends up reducing individual’s & teams’ productivity. In fact, after surveying nearly 7,500 full-time employees, it was found that 23 percent reported feeling of burn out at work. Either
Roughly half of all new businesses fail to survive the first five years. Many don’t even last the first 18 months. There are plenty of reasons that businesses fail but a recurring theme is a lack of a clear growth strategy. A growth strategy is more that a vision; it’s a concrete plan to grow
Ever feel that workdays tend to blend together into one incomprehensible mess? That’s not unusual. Many people find themselves struggling to define their achievements in the workplace. Setting yourself different types of goals at work can break the jinx. It is a fantastic way to provide structure, stability, and progression to your career. There
Growth is fundamental in establishing the success of a business. For most of the for-profit companies this growth means increase in sales, introduction of new products and/or increase in market share. Whichever goals are set, companies need an elaborate plan that will guide them through. An organisational strategy is such a detailed execution plan.
Businesses, employees, managers, take your pick: every entity needs a plan for success. Of course, a plan can take many forms. Consider a “back of the napkin” personal timeline or a formal business development document. The best plans combine two fundamental concepts: goals and objectives. Goals and objectives may appear similar on the surface, there is
Everybody defines and measures success in their own ways. For some it could be measured by their salary or bank balance, the size of the house they own, ability to give back to society, etc. Many people seek to know the best ways to achieve their goals, be it personal or professional. Some are
We have written extensively about how OKRs are beneficial to the company. The methodology helps employees and managers set goals that are SMART i.e. specific, measurable, actionable, relevant and timely. As the goals are aligned throughout the organization, transparency increases to a great extent. Everyone becomes aware of what their teammates or other coworkers are working on and how
In the past we have helped you manage performance reviews with 450+ handy performance review phrases sorted by functions. In this article, we will provide you with an extensive list of Key Performance Indicators (KPIs) organised by function. You can just pick the ones that are applicable in your use case & refine them further. If
Setting goals is an integral part of an organization. It helps the organization determine where it wants to reach and how does it plan to get there. One of the most common goal setting techniques is SMART goals. SMART stands for specific, measurable, actionable, relevant and time-bound. This technique is intended to simplify the overwhelming