By Right mindset: how to lead an agile organization
Many surveys point out to the fact that the type of work in companies and organizations are likely to transform shortly. This will lead to current jobs being lost and affected people will be forced to use their skills to respond to the market demands and embrace new ways of doing work. With continuous inventions and innovations, companies have to adapt and optimize the efficiency of their services to meet market demands. In the coming decades, organizations have to be more agile and expertise team-based skills in the workforce.
For organizations to gain meaningful agility and good efficiency, new managerial manpower has a role to play. A management with a proper mindset brings in a new structure in the organization of a company and is quick to embrace technology and change like work.
The number of customers, their market influence, and their market demands are growing very fast. As the continuously expanding market is being driven by the world is a global village, development of economies and an increase in the world population, the change in market expectation is being accelerated by a change like a workforce.
An increase in competition in the global market remains to be witnessed. Even with the current tension being experienced in the trade sector, gigantic organizations are still ripping big courtesy of international open trade. Over the last few decades, an increase in exports between countries has been recorded to be 45 times more. The expansion of the global market has injected more competition and a rise in the quality of products and services to meet the market demands. This has in return created room for invention and innovation which is key for businesses to realize meaningful profit and survive the ever-changing market demands.
Customers all over the globe keep asking for more every day, more products, and services of high quality. However, with all these expectations, customers across the world also want these particulars at a lower price. Such trends are expected to go on as the world’s population continues to grow. The world’s population has been increasing steadily and has been seen to double quite fast, with the current population approaching 8 billion, the consumer demands are growing as well. A majority of people around the globe are seen to be moving to middle-class income earners in an average of eight years. Projections show that more than half of the global population will be middle class by the end of the year 2020; they will be joined by another whooping1.4 billion consumers by the year 2028.
How Advanced Technology is Creating Change
The continuous advancement in technology and form of work is forcing organizations to adopt new ways of working and reaching customer satisfaction. This has been witnessed for the past few decades, organizations which do not accept change either end up dead or left behind struggling to survive. Researchers have recently discovered that knowledge is increasing in the world at a very high rate; it is approximated to be doubling at least every 18 hoursas per the research done by IBM in 2010. Companies thus need to use their knowledge to improve productivity and innovations to maintain an increase in their market value and have an advantage over their competitors.
Leading a Company With an Agile and Efficient Mindset
With the increase in customer demands, managers have to go an extra step to ensure that their businesses run in a fast and effective way. This calls for a more advanced managerial mindset as opposed to the past. For a fact, everyone in the technological era has the mandate to do away with the olden way of doing things and embrace the new digital ways.
Here are some of the steps that people in managerial positionsneed to follow if they need to sail through these tough times.
- Before choosing what to do, measure the amount of outcome it will bring and how it is going to propel the organization forward.
- Define every plan and make sure you know how it is going to bring profit to the organization in the long run.
- Deconstruct each plan and process ensuring you put it in smaller parts that are achievable.
- Analyse the level of expertise needed for each unit and ensure that you know the amount of work needed to achieve.
- Only hire employers who have the potential to give the maximum output to the benefit of your company.
With good management and following the steps discussed, your company will surely get through this tough phase of technological and economic evolution.
