Business
The Improvement Checklist for any Expanding Tech Gadget Business
As a tech business, you will no doubt have some very specific strengths, and you might think that expanding your business will be reliant on you making the most of those strengths.
As a tech business, you will no doubt have some very specific strengths, and you might think that expanding your business will be reliant on you making the most of those strengths. While this may be true, it is still only partially correct, as you will need to boost the areas of your business that are not as strong as well.
Identifying these won’t be easy, as you may have been overlooking them for some time now. However, there are some important areas that you need to improve your performance in, or even just put an alternative in place because it has been completely neglected so far. Continue reading for more information.
1. Get help with your HR set-up
You may have been coping with just you as the company HR resource, but as you get bigger you are going to be well out of your depth. This can cause the very people that helped your business to grow to jump ship, and any new talent you want to attract to look elsewhere. Clearly, this is less than ideal, so you’ll want to find an all-in-one solution that takes the pressure off you and delivers the service your employees deserve.
Finding quality HR software is likely to be your best move, as it can take care of looking after your current workforce, and help you attract more talent. It can show them all what their benefits are, as well as deal with the more mundane tasks as well.
2. Improve your warehouse and inventory arrangements
Another overlooked area you will need to get on top of if you are expanding will be your inventory and warehousing arrangements. More business means more items being stored and shipped, either as raw materials, components, packaging, or the finished product. You may be working with limited space, with all of it crammed into a corner of your existing building; but that is unlikely to be sufficient should you get even busier.
You should look at finding an alternative warehouse or distribution center to take this all off the site, except for a small amount of working stock. This does not have to be right next to your current premises, and you could instead go somewhere out of town and much closer to transport links to freeways and interstates.
3. Consider your shipping options
More business also means that you are going to be shipping more products, so you need to ensure that your courier is up to the task. You should also look into finding an alternative shipping partner, so all of your eggs are not in one basket, and it allows you to get better deals due to both competition and economy of scale.
This could lead to some awkward conversations, and might mean breaking ties with a long-term partner—but at the same time could set you up for further expansion in the future. With cheaper shipping options, you might also find it opens the door to you being able to compete on price with your competitors, bringing even more business your way.
Business
Transforming Goals into Actionable Results
Organizations universally set goals and strategic plans each year, aiming to grow revenue, increase efficiency, or launch innovative offerings. Leadership teams devote extensive energy to developing future visions, five-year horizons, and stretched objectives to motivate their workforce.
But the hard truth remains: lofty ambitions alone rarely catalyze actual change. For transformational plans to spark tangible impacts, organizations must bridge the gap between theoretical strategy and on-the-ground execution.
Table of Contents
1. The Planning Disconnect
Many goal-setting approaches prioritize inspiration over implementation. Leadership defines desires for the future: – become a $1 billion revenue company, penetrate emerging markets, and transform customer experiences through AI. Such ‘aim-big’ mindsets spark energy and provide directional guidance amid uncertainty.
However, most planning exercises fail to detail the nitty-gritty work required to achieve audacious results on the ground. People walk out of annual meetings jazzed about the future but without playbooks for activating it day-to-day. Vague aspirations then struggle to be converted into economic value.
2. Finding the Right Strategy
An OKR planning template offers one methodology to overcome this strategy/execution divide. OKRs, or Objectives and Key Results, provide a template to cascade high-level goals into measurable, actionable metrics at every organizational level. This connects future milestones with present-moment decision-making, ensuring teams work synergistically towards overarching ambitions. With a strong goal architecture in place, inspiration more seamlessly fuels activation.
3. Why Actionability Matters
Transforming lofty aspirations into step-by-step execution plans brings several advantages:
- Alignment: With clear OKRs spanning functions, teams can coordinate priorities, resources, and timelines effectively. This fosters organization-wide momentum versus siloed efforts.
- Motivation:Breaking ambitious objectives into bite-sized key results is less daunting for individuals. Granular metrics maintain motivation amid long horizons.
- Focus: Concrete next steps prevent distraction from organizational shiny objects that capture attention yet deliver little value.
- Accountability: Quantifiable measures allow all stakeholders, from frontline individuals to CEOs, to track progress and course-correct in real-time if lagging.
With a strong goal architecture in place, inspiration more seamlessly fuels activation. But we still must apply rigorous execution principles—communication, tracking, agility, and celebration—to generate the hoped-for results.
4. Driving Change in Complex Systems
Large enterprises are multifaceted systems, with interdependent elements spanning processes, technology, and people. This complexity makes driving macro-level outcomes uniquely challenging. As legendary management thinker Peter Drucker noted, “There is nothing so useless as doing efficiently that which should not be done at all.”
Turning broad organizational change into economic returns requires carefully targeting the vital few interventions that catalyze outsized results. OKRs help leaders thoughtfully assess and sequence the projects that will structurally reinvent operations, remove friction from value chains, and upgrade talent capabilities over time. With clear transformations roadmaps in place, big goals become more grounded amid real-world constraints.
5. Sustaining the Journey
Finally, cascading OKRs across the hierarchy sustains strategic focus as leaders come and go. They provide continuity through inevitable ebbs and flows in the volatile, uncertain business climate. With institutionalized processes for regularly resetting, communicating, and reviewing objectives and key results, organizations stay centered on the handful of big bets that matter most while retaining the flexibility to evolve tactics as needed.
Annual goal setting is table stakes for contemporary organizations. But without concerted efforts to turn those goals into measurable action plans, little changes amid organizational complexity.
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