Most of the companies use a lead to handle all strategic decisions and many good leaders have could guide their teams into great success by working together and inspiring the team. On the contrary, there have been instances where poor leadership has resulted in poor performance of the entire team leading to huge losses for the company as a whole. Leaders who are welcoming towards new methods to do anything take huge risks and at the same time gets rewarded equally as well. b2b content marketing agency Jumpfactor believes in coming up with innovative strategies for marketing. There are a lot of stats in the website http://www.forbes.com/sites/jaysondemers/2015/12/10/35-content-marketing-statistics-you-need-to-know-in-2016/#41a9ea3b4363 that will help you to make your decisions.
One of the latest development in the field of new ideas is that companies no longer look for multi-year strategic planning. This is as good as gone. You will no longer see businesses talking about their 5-year or a 10-year plan. These things don’t work anymore with the dynamic market conditions and we need to adopt to newer techniques. Things are moving at a very fast pace and if we do not catch up with the latest technologies, we might as well be extinct. Many decisions can be taken using technology such as which part of your business can be outsourced and which one cannot, what should be sales cycle and how it must work to get maximum results. Therefore, drafting a 5-year plan is not going to help you to take dynamic decisions based on current market conditions.
Most of the American workforce is now made up to millennials and a 5-year plan is no going to be exciting for their spirit. Millennials are the type of employees who do not wait for anything and do not mind switching their jobs within a year. Planning for long term work with a workforce like this will not help get any results. Unless the business has some exciting opportunities to keep the workers engaged, they are not going to stick together in the same company for a long time. Long gone are the days when people retired from the same company they joined for their first job. Such commitment is not present in the workers of today.
By now you must be wondering what the new strategy is and how you can take it into your business. You must think about changing your business model so that the stability and the continuity of the company do not get affected due to any situation. In other words, get rid of your 5 or 10 -year plan and still make your company progress.
The simple technique of achieving this is, rather than focussing on the company and its targets, focus on teams and the work culture in the company. The longest you can plan is for up to six months. During this period, you work with your employee and create a team that works well and bonds well creating a sustainable work environment. When the focus is shifted to the employees, they instantly feel better and feel committed to work in a comfortable environment. This translates to good results in work they do which means progress for the company.