THANK YOU FOR SUBSCRIBING
For the right focus, one needs to create a suitable environment. The environment should concur with that focus.
Fremont, CA: The coronavirus pandemic has brought a significant change in the socio-economic landscape. The necessity for implementing and adapting to change quickly has taken center stage. The uncertainty of the COVID era has underlined the importance of being able to execute effective change management. In this article, we are discussing some actionable steps of implementing strategic change.
The Right Focus
The very first step of accomplishing anything is to concentrate, focus and prioritize goals. One would only attract failure by taking on too many strategic change initiatives at one time. Once potential strategic initiatives are identified, one can evaluate them against criteria such as:
• Resource requirements
• Strategic impact
• Time to completion
• Return on investment
• Probability of success
• Payback timeline
• Organizational trauma
Next, one can determine a few strategic initiatives that best meet their goals. Then evaluating the consequences of the determined initiatives and see whether the result is compelling enough. In order to retain focus, companies need to conduct weekly or monthly progress tracking meetings. This would ensure that milestones are being met within the allotted time and that potential obstacles are countered.
Creating the Right Environment
For the right focus, one needs to create a suitable environment. The environment should concur with that focus. Companies can make it easier for employees to focus on a certain thing by creating the ambiance needed for it. Creating the right environment requires leaders to do five things:
Connecting the dots: A sense of purpose is essential for engagement. However, purpose alone cannot help it. Leaders need to translate that sense of purpose into individual expectations and organizational goals. This would make purpose real and actionable.
Equipping them to succeed: When a leader announces strategic change but fails to provide the resources to accomplish it, employees get frustrated. Also, when a leader provides skills but not the right to apply them, people feel the leader lacks trust in them. This is why leaders need to create the right environment that can support the strategic change.