TAKING STEPS TO SURVIVE AND THRIVE IN TODAY’S BUSINESS CLIMATE 8

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Education & Training with Performance Development Strategies

So now let’s tie it all together.  In our previous blogs we have covered the points of the five pointed STAR Model which includes Strategy, Structure, Process, Rewards and People.Business Sustainability

Of critical importance is the center of the star, Business Results. This should be a metric that reflects the future strength of your business or organization and needs to be forward leading.  In theory, when these strategic results are accomplished the future is good.  Examples of these indicators could be increased market share, volume of sales from products/services introduced in the last three years, customer loyalty index, or your employee engagement index, etc. When these types of measurements are used and met, sustainability is greatly enhanced. What does your organization measure and is it a leading or trailing indicator? 

Leadership is the key that holds this entire STAR Model together.  Leadership is what drives this model.  Leadership designs the future, creates innovation, and therefore, Organizational Developmentcreates sustainability. Leadership’s role is to determine what the right things to do are.  Management’s role is to do the right things now.  So it is important to have you pulse on the day to day operations and you should.  However, it is equally, if not more important to be forward thinking and do the right things so that you will have profits and success for years to come.

In conclusion, ask yourself these questions:

What’s my game plan or strategy?

Does my structure support my strategy?

Do my processes support my strategy?

Do my rewards and recognition systems support my strategy?

Do my people have the attitudes, skills, and knowledge necessary to implement the strategy?

Your answers to these questions are critical because all of these feed into the heart of your business, your loyal customer base, your business results, and your sustainability.

After reading these blogs do you have a different understanding of sustainability.  It is not just the environment although that is an important part.  It means surviving and thriving.

Finally, how can you make sure you’re ready for the continual changes and challenges?   Start now.

 

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Topic:
Real Estate Best Practices
Location:
New York Westchester County Armonk
Groups:
Accountability Consortium
Building Your Niche
Coaching-Personal Development
Coaching and Mentoring
Tags:
employee engagement
total rewards systems
organizational development
better business results
business sustainability

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Rainmaker
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Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Very nice.  I like the way you think through a situation.

Aug 05, 2012 04:43 PM #1
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Tim thanks for your comments.  All always advocate thinking through the situation and making your own future.

Aug 05, 2012 05:09 PM #2
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Bob Crane
Woodland Management Service - Stevens Point, WI
Forestland Experts! 715-204-9663

Great article Grant, well laid out important knowledge for anyone growing and improving their business.

Thanks

Bob

Aug 05, 2012 06:39 PM #3
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Grant Schneider

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