Strong companies know that success is as much about attitude and actions as trends and revenues. Unfortunately, many companies get sucked into patterns that inhibit success, hold top team players back, and hinder growth. By avoiding some of the most common “bad habits” that organizations and managers exhibit, your company may remove some of the roadblocks to success.
1. Placing Too Much Focus on Operations
Operations are obviously a critical element of organizational performance, but some companies get hung up on trying too hard to make sure that everything is “just so.” Focusing more on revenues and marketing may help the organization to move forward faster. Some of the operational kinks may work themselves out, so stressing over these issues may needlessly hold the company back from seeing real progress.
2. Prioritizing Organizational Growth over Internal Development
Organizational growth can be exciting and can take companies to new levels of success. However, if a company tries to expand and prioritize organizational growth such as opening a new location over making sure that the employees and company are truly prepared for such huge changes, it can be a recipe for disaster. Growth and internal development should take place little by little, everyday using tools like succession planning until the company is actually prepared for real growth and expansion.
3. Making Hasty Decisions Based on Pride
Pride is the downfall of many organizations. When leaders become so focused on “winning’ or “not losing” that they are willing to go to extremes to beat the competition or show certain numbers, it can spell impending doom.
4. Using Fuzzy Rationale to Justify Decisions
Using rationale besides real numbers to justify decisions can lead to a pattern of poor decisions and losses. Every expenditure should show a consistently positive ROI or an action taken because of poor ROI. Waiting for a decision to pay off or trying to justify the decision using soft of fuzzy explanations can hurt the business health.
5. Managing by Lecture instead of Action
Leading by example is the only real way to lead. When managers are lazy or do not exercise high integrity in their work, it inevitably trickles down to the employees. When managers say one thing and do another, it can breed resentment as well as set a poor example.
6. Publicly Announcing Projects Prematurely
Change within organizations happens at a faster pace now than ever before. Announcing a project publicly before it is completed can give your competitors a head start on catching up to your brilliant plans. For best results, changes and projects should be announced just before completion or after completion.
7. Ignoring Corporate Culture Issues
Corporate culture has a huge impact on the continued success of the company. Corporate culture can be hard to change and issues can be difficult to solve, but ignoring the problems will only allow these issues to worsen. Addressing issues directly and showing employees where the organization needs to go can help to inspire corporate cultural changes.
8. Shying Away from Change
Continuing to do things the same way for years and avoiding change can freeze progress. Inevitably, every organization must change certain things to keep up with trends and to continue to grow. Shying away from change can be counter-productive and damaging.