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Prepare to capitalise
on the unpredictable markets of today.
Firstly your organisation should have
two goals. The first is to serve a single
customer.
This means tailoring whatever product
or service you offer to each individual
customer.
The second goal is
to act in zero time. You respond immediately
to customer demand and capitalise on market
opportunities as soon as they appear.
Sounds very easy and
logical, but for many companies it is
unfortunately impossible task. So what
should you do to achieve these goals?
- Change your infrastructure
that allows your workers to act instantly
- Provide the leadership
tools that rewards workers to be innovative
- Encourage workers
to satisfy unexpected customer demands
- Hiring workers
who recognise and seize new market opportunities
Workers should be wired
to customers, to each others, to suppliers,
outside experts and own management. Teams
form and dissolve as needed to get jobs
done. Companies who have successfully
run this kind of management structure
are e.g. Coca Cola, Dell Computer, MTV
Networks, Sears, Southwest Airlines, Buckman
Laboratories and others. One has to understand
that no company, no matter how successful,
can afford to remain in one place for
too long without developing and taking
care of new challenges.
The faster and more
easily your workers can access the information
they need, the faster and more easily
they can serve your customers. Make sure
your information system provide up-to-the-date
information in zero time. You might need
to be flexible enough to respond to an
infinite number of customer needs.
You probably need process
technology that streamlines order entry,
allows you to produce single units cheaply
and eliminates inventory. Your facility,
like the structure of your company, must
be flexible. It must be able to adapt
to the changing challenges.
One of your tasks as
a leader is to define your companys
strategic purpose. This is your promise
of exceptional customer benefits. Once
you have decided what outstanding benefits
you want to offer customers, you must
motivate your workers to act accordingly
to reach these goals.
Keep communications
channels wide open in your company and
use them as a key for information as well
as for companywide interaction. Well-informed
workers are better equipped to see opportunities.
Encourage your employers to entertain
ideas from customers and to exchange those
ideas with each others. There might be
an unexpected market opportunities. You
must also have confidence in the initiative
and decision making ability of your employers.
Learn to rely on their judgement. It might
be risky, but it is part of the picture,
if you expect to lead the company in real
time.
Todays accelerated
business arena, where markets are uncertain
and predictability is almost impossible,
you need to take care of all the hiding
resources and business opportunities by
acting open minded and flexible
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