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Structuring Business Stability for Effective Agility

about 1 year ago by Luigi Muscat Filletti
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Given the circumstances of such challenging times, it is no surprise that companies across multiple sectors worldwide are being told that in order to cope and compete at the highest level, they must showcase qualities of adaptability and resilience. Such advice is certainly true, however must only be considered once comprehending the required conditions to be able to demonstrate such qualities.

In order to respond with rhythmic pace and agility in todays markets, companies must first shape the necessary disciplines of commitment to achieve stability and consistency in their operations and market offerings. Stability is the solid foundation of an organisation which helps maintain a confident and determined workforce, especially so amidst unprecedented times of change and disruption. Business leaders should structure the right culture and promote the best values for their people to help sustain a common mind-set amongst employees. Such a desired mind-set displays abilities of rational, sharp and composed thinking, which ultimately results in increased efficiency and productivity at the workplace. Below, we take a brief look into ways through which business leaders can push their people to their fullest potential during this unique period of time, and way beyond.

Structure an Optimistic Attitude

It is important for business leaders and individuals in managerial positions to encourage an optimistic and positive mind-set in the workplace to help foster confidence amongst their people. The ability to pursue tasks and deal with problems confidently and being self-aware of one’s own worth are both game-changing qualities which contribute towards an organisation’s stability. It is essential, however, that such an optimistic attitude is practiced within realistic contexts. This implies that business leaders must be responsible enough as to not promote a false idea of optimism or positivity, but rather, encourage their people to recognise the opportunities which every obstacle presents. This requires the skill of confidence and self-awareness, as just previously mentioned, and can be achieved by nurturing a working culture which acknowledges mistakes, addresses them, identifies their causes and strives forward confidently with the knowledge gained of new lessons learnt and the confidence of tackling new problems with determination and enthusiasm. For leaders, this ultimately folds itself into them being able to push their people to capitalise on recognised opportunities and set sail in a pragmatic manner.

Embrace Failure to Encourage Growth

Company leaders should make it a point to welcome the ideas and suggestions of their people to further enhance their sense of acceptance and confidence. Allowing ideas to freely flow amongst employees is a great way to evaluate the possibilities of new practices and strategies. Doing so within a space which welcomes failure is even more important, as this provides moments which can be of value to all team members by sharing information about what was successful and what was not, allowing them to learn from their mistakes and allocate time towards re-strategising their way forward. Taking note of failures and extracting from them actionable insights is a great way to infuse stability in an organisation. This also presents an opportunity for employees to freely approach their leaders to discuss any concerns or express their thoughts comfortably and surely. Such a structure increases the coordination within teams and improves the overall response when facing unpredictable challenges down the line. 

Look Towards Talent & Up-Skilling Solutions

A good practice to put into effect would also be the development of contingency plans in the likelihood that employees fall ill and are unable to commit to their tasks, for understandable reasons. Business leaders should identify any possible forms of back-up, such as reaching out to remote-working options for managed talent solutions. On-demand talent is leading the market with multiple skillsets and flexible working options to achieve employers’ objectives, particularly so in their digitisation efforts. Business leaders can confidently address any skills gaps through well-seasoned and certified remote workers on contract-based assignments to maintain their competitive edge. Additionally, cross-training is also a cost-effective solution, where employees take on the roles of their colleagues to keep operations as smooth as possible. Further to this, up-skilling remains an essential part of business growth, contributing extensively towards business continuity. Employers have many learning options available for their employees in the form of live online sessions led by experienced practitioners to ensure that their people are up-to-date with the latest trends and practices in their industry. Anticipating such changes allows leaders to make proactive decisions which strengthen the stability of their organisation for the long-term.

Set a Recovery Plan

Maintaining stability can also be achieved by developing a suitable plan for business recovery. Although nobody can predict for certain the eventual date for business operations  to resume normally, it is important for leaders to communicate with their teams the required actionable steps needed to be taken to set the business on the right track of recovery. Such plans depend on the nature of the business and need not be detailed so long as they manage to convey the measures which should be taken to ensure effective business continuity. Documenting and sharing progress or any form of updates along the way is important to maintain trust amongst employees and in turn, can serve as a strong psychological asset to their working attitudes. 

By forming such practices for shaping business stability, companies can then confidently embrace hits with certainty. This is vital for providing teams with adaptability and agility skills, allowing them to tackle problems with determination and emerge stronger from the ongoing global situation we are facing.