Tuesday, March 3, 2009

Key Elements to Basic Strategic Strengths

To the few of you who follow my posts and sent me emails, thank you and my apologies for falling behind on my intended weekly entries.  My excuse???  Well, last week was my birthday week so I took the week off.  LOL!  :)

Moving on to today’s topic…

Business strategy is our selection of ideas and assets tomeet long-term business goals.  However, it won’t mean much without a marketing strategy, relationship with the marketplace and our customer base.

Let’s skip the business and marketing strategy technobabble for now and save it for another entry. The key elements to management strategic strengths are excellence in execution and systematic relationships with anyone and everyone we deal with:  employees, peers, customers, suppliers, vendors, etc.

Below are few basic bullet points of advice for creating a winning strategy that are fundamentally sustainable:

  • Hire enthusiastic, positive people who are passionate about the job — ANY JOB.
  • Take time to meet new people that are knowledgeable, smart, and interesting to learn something new.
  • Go to lunch with other managers.  Get to know them and build relationships.
  • Take care of your people and they’ll take care of you.
  • Delegate and give others the opportunity to grow and learn from the experience.
  • Promote people for going above and beyond NOT for what is expected of them to do or what they’re getting paid to do.
  • Hire qualified people who can EXECUTE and DELIVER on job requirements, no exceptions!
  • Don’t be afraid to consult with the right people so change is done in a sensible way that strengthens the business and supports company vision, mission, and values.
  • Practice and promote decency.
  • Commit to excellence.
  • Base performance reviews on measurable value and significant contributions.
  • Two golden words, “Thank You”.  These two simple words show recognition and appreciation that can go a long way.  To get you started, thank people for their time, their effort, their dedication, and their contributions.  It’s not hard.  Do it!
  • Smile.  People are more willing to work with you if you at least appear pleasant.  Besides, it takes less muscles to smile than it is to be a grouch.  :)

As basic and simple as these may seem, they make a BIG difference.

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