Welcome to week 8 of the MetroSculpters Consulting Actionable Business Advice Series.
Today, we are going to address the basis behind organizations that thrive notwithstanding the prevailing conditions in their markets or the world; whether it is a global pandemic like COVIC-19, national labor strike or political unrest, or the shift in the fundaments, the behaviors, or characteristics of their market.
The past twenty months had been trying times for virtually all of humanity and businesses, except for very few people and organizations who knew, understood, designed, and worked to implement a framework that keeps their businesses growing and profitable.
Is your business one of these rare ones?
The framework that beat all crises that humans and nature can throw at a natural or legal person is Personal Resilience (for individuals) and Corporate Resilience (for organizations).
Steps to Attaining Corporate Resilience
Corporate resilience is meant a business that has built and has intrinsic attributes and internal wherewithal with which to withstand both micro (internal) and macro (external, national, global) socioeconomic challenges that have the potential to ruin or cause the shrinkage of organizations and peoples, such as covid-19.
To achieve this, all layers of your business and employees must devote their energies to acquire, comply, adhere to, and self-monitor the attainment of the attributes of resilience in all their activities.
There are four (4) Corporate Resilient Factors, as defined and described below. Although, we will address one per week for the next four (4) weeks for the sake of brevity.
Steps to Attaining Corporate Resilience – Step One/Factor One
Having, Upgrading, and Maintaining of a Great Team
As human beings are the organization, it presupposes that one must have a group of people who belong to the core team of an organization. This team must have similar characteristics as the leader of the team; presumably the CEO of the organization, or a sectoral, divisional, departmental, or project manager.
Where the team members have divergent characteristics, especially the team leader, such a team will fail, no matter how competent. In addition, where a team lacks 1) clear identity, 2) valuable purpose, 3) high energy motivation, 4) an actionable plan, 5) agreed operating policies, 6) a high level of competence, and 6) outcome-based commensurate remunerations for the team members, such a team will founder and fail.
The first and foremost and most essential building block of corporate resilience is to have a team that is 1) allowed the freedom to create, 2) allowed unhindered exchange of honest communication between and among the levels of the corporate hierarchy of the business, 3) management commits to the dedicated and consistent upgrade of team members competencies, 4) management affords and pay commensurate remuneration, 5) management instill and enforce a just and consistent regulation of the affairs of the business, 6) management is supported by effective administration, and 7) management is backed with sunshine-clear purpose and actionable plan.
The days of one-person knows all management or government are gone. The days of disharmonious management and teams are gone. The days of leader and followers are done, except most people don’t recognize this.
The day of teams of leaders and leaders; teams of equals in competence, ownership, devotion, and enliven purposefulness, is here. We are edging into the age of resilient individuals, businesses, organizations, and societies. And resilient organizations are made by a resilient team. A resilient team is made as given above.
So, use the above step one (1) of the resilient framework to get your organization to become resilient, and capable of withstanding any human-made or nature-wreak havoc, more of which are just in the horizon.
Until next week, continue to strive to thrive!
Babatunde Odutola
MetroSculpters Consulting
(Pre-legal Documentation | Business Documentation | Joint Venture Advisory | PPP Advisory | Project Consulting | Corporate Structure Design & Implementation| Human Capital Enhancement Services | Revenue-Generation/Enhancement Services)