One of the first exercises that every company should undertake in its nascent days is the development of a vision and mission statement. These statements act as a compass to steer these companies’ operations. However, they address different processes and there is a need for management to understand the difference between the two statements. What are
Organizational development is a separate academic discipline for a reason. The scope of organizational development (OD) is vast & diverse. It seeks to study organisational change & performance (wikipedia). If you are managing an organisation, you know why do we say that scope of this area of study is vast & diverse. Interestingly, the study
Running an efficient & growing business is hard. Without the knowledge of management concepts, it becomes a lot more difficult. With the help of some tried and tested management tools, teams can find their groove back. While they may appear soft & a bit too theoretical, there is elaborate research backing them. Imbibing the
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
We have all joked about meetings at work or rather the pointlessness of them. The flak that business meetings receive is not without reason, either. This infographic shows all the various ways people waste their time at work; workplace meetings are right at the top of the ladder. Don’t get us wrong, meetings are important. They
When an employee is leaving your company, chances are that you are entirely focused on getting in their replacement. While getting their replacement is a necessity, conducting their exit interview is equally important. Conducting an exit interview is a valuable practice that 91% of the Fortune 500 companies do. Information gathered at such an
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
Managers play a key role in making an organisation success or failure. Even if they know it or not, these managers tend to have certain management styles. An effective manager knows what style to choose for what project. These choices also depend on the level of influence manager has on their team. As well as
Success or failure of an organisation is dependent on its leadership. To a very deep extent. Leadership at the helm is an indication of the team’s future. “The single biggest way to impact an organization is to focus on leadership development. There is almost no limit to the potential of an organization that recruits good