Strategic Business Planning: How to Steer Your Company Towards Future Success
To build a thriving, sustainable business, strategic business planning is crucial at every level. Preparing your organization for the future entails plotting explicit and actionable goals, properly allocating resources, and establishing clear, robust processes. However, putting this into practice is easier said than done, so I’ll walk you through the necessary steps to ease your journey. In this piece, we’ll explore: What strategic planning is Its pros and cons How it’s carried out Tips and [...]
Optimizing Performance Reviews: A Comprehensive Guide
A 2021 survey from XpertHR found that traditional performance reviews are still popular among organizations, with 63% stating they conduct formal appraisals annually. However, the shift from this “old-fashioned” method of employee evaluation has been taking place for years: Over one-third of U.S. companies have abandoned conventional review processes since 2016. I’ll explain the key reasons for doing so, as well as various ways of improving your approach so you can make the most of [...]
Leadership Development Strategies in Hybrid Work Environments
Today, about 58% of U.S. employees work from home at least some of the time. Hybrid and remote work increase access to talent, improve employee satisfaction, and even reduce costs for employers, who can downsize office spaces and accommodations if people regularly work from home. As a result, these work options have become mainstays for many businesses. At the same time, they introduce new challenges for leadership development, especially if your organization relies on internal [...]
The importance of compassionate leadership and how to foster it
If you tune into most office-themed television shows or settle in to watch a film based on a workplace, the leadership is often portrayed the same way. The C-suite is filled with tyrants, be it the bossy CEO or the ballpoint pen-busting finance manager. The bottom line is the bottom line, and deadlines and quotas must be met at all costs. It makes for easy screenwriting, of course, because almost everyone can relate to a [...]
The importance of managerial fit and how to find it
Today’s organizations are increasingly focused on cultural fit. And for most organizations, managerial fit — or the concept of matching management and leadership styles to the team and the work culture — is equally important, as the skills and approach needed to meet a team’s demand for leadership or to complete a task can vary significantly. Often, there’s no one-size-fits-all approach that works best across the entire organization. Instead, you should rely on skills and [...]