A company’s structure is often unseen, yet it is the skeleton that holds everything together and gives a company its shape.
I had to learn quickly and the hard way, but I did learn. And the more I exposed myself to new projects at work, the more I grew. The same can apply to our companies and with our teams. Even if we have people who have not had practice making decisions, we can teach them and they will also grow.
Creating great teams takes time and effort, but it is an endeavor that will make your company stronger, more resilient, and innovative. In the end, the investment will more than pay off.
The lens that systems-thinking provides is invaluable, especially if you are leading a firm or a team. With this perspective’s aid, you can evolve to become the caretaker of a complex system and work on making it more resilient and creative.
Creating dashboard metrics for every part of a business is one of the best uses of your time as a business leader; they will give you an overview of the current state of every important part of your business. Metrics provide the key parameters that show you where your company is headed such as the number of sales or prospects in the pipeline or the amount the company is spending on monthly basis.
These metrics, however, shouldn’t just be limited to the standard values that come to mind when we refer to these types of indicators. They can also include the parameters that are crucial to your company and more specifically, your industry. Some of these indicators may not even be used by other similar companies–they might be your special formula and what makes your company unique.