The balanced scorecard is a revolutionary management tool that has transformed the strategy execution and strategic human resource management in many organizations. A system that helps a firm to set its key strategies right is reportedly being used by not less than 70% of businesses to achieve their strategic goals. Any [...]
During my interactions with business leaders, they often mention having experienced a sense of stagnancy after a few years of successfully running their organizations. Post the initial phase of success there comes a period where there are no upward spikes in the business graph. Customers are retained but you know [...]
It is observed that Career and Succession planning is still an ad-hoc and gut-driven process in many organizations (especially in mid-size and smaller organizations and surprisingly also in some large organizations). Since there is hardly any scientific process or foundation used in career and/or succession planning, I have observed that [...]
Performance Management ensures assessment of progress towards the predetermined goals, encompassing important facets such as performance parameters communication, agreement, and performance facilitation. The following generic steps would help most organizations to develop a strategic human resource management system. Performance Planning Development of 3 years rolling business plan Splitting the business plan [...]
Performance Management is a critical business system that generally gets the last place in the priority list of organizations because it is commonly believed that once the targets are set and people are communicated on deliverables the work will be done. Interestingly, I found after talking to many entrepreneurs that [...]
As a one of management consulting firms in Mumbai, if there’s one question that we often get asked is, “What are the signs that indicate that it’s time for organizational transformation? While there can be a myriad of reasons as to why a company should consider shaking things up on an organizational [...]
Many of the startup owners out there think that business is an alive, breathing entity with a mind of its own but contrary to this opinion they cannot grow by themselves. For a startup to flourish it needs to have a strong-willed leader and a team of individuals who take [...]
The 21st century thrives on startups; entrepreneurs are the backbone of the current economy and torchbearers of innovation. Novel business ventures play an essential role in creating employment opportunities, new products and new avenues of trade. When entrepreneurs with trailblazing ideas partner with creative business development consultants corporate history is made. Now [...]
Your business is only as good as your company culture, period. Every business development consultant will confirm this theory and ask you to follow it. Majority of the business stalwarts out there have understood this fact and leveraged this aspect as the key performance booster for their businesses. A brand that [...]
Values are an intrinsic part of every organization. They influence an organization’s culture and environment. These values are responsible for creating the workplace you desire. But are the current values in line with your organization’s goals and do they complement your mission and vision? If the prevailing values do not [...]
