Preserving a traditional attitude in how any commerce system continues to run smooth and efficient is often the fastest avenue to the decline of any business. Wisdom fails when a company’s leadership forsakes allocating time in exploring new and better ways to employ their assets, therefore growing richer. The sin in this is getting so comfortable in the process that we neglect to conceive scenarios where day-to-day difficulties are occurring within the economic fabric of the company or the market it serves. This structural process can fail a firm’s future. Successful or not an organization should never get too content in their practices. Market requirements change.
This requires research.
The demographics that affect your customer base will change. It is a given that groups of consumers get older, have new requirements, new technologies. These evolutions change how you run your business, altering how your clients consume. Conversely, because we live in a global society of wealth building product and service consumption, other businesses will duplicate your success. Depending on your product or service, a business can face a movement of patrons to new offshore businesses. Although the nature of some services may not be “offshore-able”, staying abreast of needful changes is wise. It is important to imagine and embrace the predictabilities of transformation, which is constant.
Project Managers can forecast, but the net has to be cast wide using imagination.
Project Managers are trained to anticipate change and use the age-old tool of projecting. However, natural calamities are unpredictable and fluctuations in global trade unforeseen. In order to keep satisfying the commitments to clients, your business often depends on the health of other businesses or local economies. Interruptions in deliveries or price fluctuations of raw goods can mean a disruption in business productivity. Depending on the severity of the disturbance, this is a period where a firm is tested most. It is important to develop stress tests during times of plenty. Forming development teams to stress test while your firm is healthy is not unreasonable.
This is especially true for large and mid-size firms.
When a business organization is large enough to form pockets or divisions with the sole purpose of successfully completing a single task, the fear of becoming redundant is pervasive. The fear of job loss is real. Whole groups within your firm consumed with the objective of project completion lacks objectivity. When a firm’s work groups behave autonomously, the ability to be agile or to initiate quick procedural changes diminishes. The lack of imagination to moderate or alter a prescribed procedure is common. Rather their focus is goal oriented and regulated. A responsive team trained in the implementation of well-planned responses to unforeseen crises or changes in markets is what your business requires. This team has little need for constant regulation.
They possess the nimbleness to adjust to the changes in the markets that your firm depends on to remain healthy. This goes a long way in maintaining your market currency; therefore increasing your business success.
Business processes must be organic in order to continue to be wealth generating.