From: My Consulting Experience
The stages in forming a successful organization can be compared to a construction of a strong building with strong foundation, hard pillars and safe roof. Like the same, an organization must have the following three major stages which consist of combinations of many elements:-
1. The foundation: –The basic elements that make a clear and strong foundation which can take any kind of pressure and expansion or change in the organization.
2. The Pillars: – The elements that support the growth, sustainability and the security of the organization.
3. The Roof: – The combination of elements that ensure the completion of the organization and its objectives.
- The Foundation Elements
a. Vision: – This is the most basic and crucial element that defines the reason for building the organization or vision explains the reason for the existence of the organization, without vision it will be like constructing a building without defining the purpose that the building is going to meet.
b. Solution: – The second most elements is the solution; which means what the organization is going to provide, or what issue the business will address. All the business should provide a solution to its customer, then only the business can sustain in the market, also remember that no any issue is going to be unsolved till the end.
c. Accessibility: – This area is to identify the real beneficiaries of the organization, entrepreneur should identify the place where the business should take off and it should be accessible by all the customers who need it. There is no point in starting a business where entrepreneur doesn’t know the real beneficiaries of the solution.
d. Value: – The solution that is going to provided by the business should have a value in the industry or among the customers. The value should be unique and clear to the customers then only they will understand the difference between your company and the competitors.
- The Pillars
a. Structure:- Structure is called as the organizational communication and information flow chart. This will clearly define who is who and where the decision making happens. A well defined organization will never give a chance for conflicts or role ambiguity and it will results in a stage where the organization receives the desired output from all levels. Key Result Area lies in the structure so there can be three levels; visionary, strategic and executive level, without these levels, no organizations run effectively.
b. Process:- A defined process flow will give a standard output for the organization, this will ensure the quality in the output even though there is frequent changes in the manpower or designation.
c. System: – A systematic organization gives a stable output in quantitative and qualitative level. This will help the top management to make the decision making faster and effective, a systematic organization can foresee what is going to happen next.
3. The Roof Elements
a. Growth Strategy: – Most of the companies face the same issue when they reach a steady level of growth, they don’t see the way to expand or diversify their business. When a business is focusing on a single service or a product, they will reach a time where there is no more growth, so the organization should have a clear plan about its growth in the industry otherwise the product or service will get obsolete. So for a healthy and long term existence, the organization should have long term and short term plans.
b. Exit Strategy: – This is also something very important; a company with a good exit strategy can keep its goodwill and the liquidity. It’s a strategy of the visionary or the entrepreneur to choose the exit strategy, many of the entrepreneurs prefer to keep the brand name as their surname, others let the company grow and later they sell it for a better value.
Make an organization which speaks about itself with pride…