Predicting the future is a tricky business but managers need to have a future perspective in order to take business advantage and remain competitive. They need to drive and introduce constructive change to the business of the enterprise. The first step to creativity and innovation is to drive a culture of Innovation. Managers need to focus on developing future mindset all the time to keep pace with the unfolding future.
One needs to have some broad awareness of whether the future is tending.
There are thousands of services, from the provision of spectacles to the development of your holiday plans, where the customer wants instant results. The industry-wide waiting time is fast reducing from days and hours to minutes. A conceptual shift is needed in the manager’s mindset to drive change toward getting as close as possible to an immediate meeting of the customer's needs.
Response time is getting better in the banking industry. Most banks provide the facility of instantaneous account debiting by automatic tellers at any time of day or night. In Manufacturing industries, the time value of information is gaining respect, and monitoring of the production line is in real-time. Service industries are trying to answer a business query immediately which is in turn, beneficial for both the customer and the provider. Computer-aided design and development is enabling the culture of straight to production and consumption. Innovation is constantly driving change across all industries.
Anyplace Customers want the service where they want it. They don't just want it where the supplier thinks it's convenient to hold it. They want it at anyplace. Already there are plenty of examples of this. Mobile has replaced so many gadgets like phone, pocket calculators, camera, heart monitors, step trackers, computers and desktops, etc. Earlier we would have had to go to the office to use a desk one for sending emails. Month by month the number of people who carry the phone around with them is growing, and they no longer have to go to where the phone is. They practically wear it. Portable computers of the lap variety enable business people to do their spreadsheets on the plane; home entertainment systems are now designed for self-assembly, so that you no longer have to wait for the technician but within an hour of purchase you are enjoying the fruits of your investment, having taken it home in two or three boxes in the car.
The customers today do part of what would previously have been done at the factory. The manufacturing chain of the goods and services ends in the hands of the consumer in their own physical space. Those who provide goods and services in a real-time gain a competitive edge over those who don't there is no time lag between the identifying of a need and its fulfillment.
The technology is there. It is simply that managerial thinking hasn't caught up with it. This is where future mindset comes in, developing all the time to keep pace with the unfolding future. The ability to provide the product in any place is facilitated by the advancement in electronics, whereby a million electronic components can be placed on a quarter of inch square of smelted sand. The information carried by electrical impulses demolishes space as well as time so as enables the customers to enjoy both benefits. No doubt all these innovations brought a lot of unwelcome change to those who preferred the status quo, but those with the future mindset like Apple, Google, and others not only survived but prevailed and emerged as winners.
There always existed an interrelationship between physics and management. Both physics and management are concerned with "the interrelationships of the parts with a whole". Time, space, and matter are fundamentals of physics, as equally fundamental to the shaping of tomorrow's business and organizations. The first dimension of physics which links with business needs is time. As we respond to and persuade customers, they use time until they decide to buy. Then we deliver, we are using theirs. We have to shorten the elapsed time between their decision and the fulfillment of their need. The customers want the product of service when they want it, not when the company deigns to provide it. They want it any time, and as explained above, technology already provides many examples of meeting this need.
These concepts of any time and any place are changing the way organization operates:
Managers need to focus on building innovation culture by facilitating collaboration across organizations, building the breadth and depth of knowledge, and improving the value that any function provides to the business. They need to facilitate the continuous flow of information, within their departments. Help their team understand business strategy and their own expected contribution. This will enable them to contribute true value and innovation, not just repeat established processes.
Cultivate a culture where employees share know-how. The sharing of knowledge and the dissemination of expertise throughout the organization is critical to its ability to innovate continually. Make sure that your change initiatives and programs are actually going to add to customer value. Make sure that solutions are sustainable and scalable as the business grows and are cost-effective.
Storming Stage of Team Development
Storming is the second stage of team development and this stage is characterized by a bid for power and inter-personal conflicts. Learn the key factors that occur in the storming stage and the strategies that a team leader can adopt to pass this stage of high winds
Reasons behind Wastage of Time
Under-utilization of time may be due to the faulty system or faults of manager/officer/leader or due to lack of planning. There could be many factors driving the procrastination behavior like system issues, personal work habits, and lack of delegation, personality traits, and bad working habits of the leader, failure to tackle interpersonal conflicts, obstacles, and lack of far-sightedness.
David Kolb produced this popular model for learning in 1984. The model suggests four stages of learning which most learners go through in order to learn effectively. Leaming is itself a process of change. Something is added to our perception and prepared us for the next impression, which will change our understanding yet more, however minutely. The Kolb contribution is a significant one because it practically equates change and learning.
Tips for Effective Time Management
After studying and analyzing how time is spent, why time is wasted, and where time is wasted you need to decide about the changes required for effective utilization of time. For this purpose, a large number of remedial measures can be taken by you. The first and foremost determinant of a planned and purposeful utilization of time is to develop consciousness of the value of time at all levels of the organization. Planning, goal setting, and defining priorities are concerns to addressed immediately.
All the teams are dynamic in nature and they take time to come together, they form, develop, and grow in stages, over a period of time. Teams go through five progressive stages: Forming, Storming, Norming, Performing and Adjourning. In this article, we want to introduce you to these stages of team development and certain strategies that you can use to help the team grow and develop in each of these stages.
Charisma is a certain quality of an individual personality, by virtue of which he is set apart from ordinary men. Charismatic Leader gathers followers, through dint of personality and charm. Understand the meaning and concept of Charismatic Leadership and the qualities of a charismatic leader. Gain an understanding of the advantages and disadvantages of using charismatic leadership. Finally, explore the difference between charismatic and transformational leadership.
Evidence of the medically damaging symptoms of work stress necessitates applying the treatment of stress management. Stress management is increasingly drawing the attention to the management experts not only as a remedial measure but also as a way to resource management. If the workplace can be made a little more lovable the increase in the achievement of the organization may be much time more. If group stress can be removed by introducing group discussions and recreational facilities a long-lasting team spirit may get developed.
This style is characterized by leaders making decisions for others and expecting followers to follow instructions. The directive leader is adept at giving instructions, setting expectations, and establishing timelines and performance standards. However, it is possible for the same leaders to display both directive and supportive behavior as per the demands of the situation.
Crisis leadership is a very important part of leading in today's world. The skills a leader needs in order to guide people during a crisis are different from the skills needed to help a group grow. Are you a good crisis leader? What is your leadership style in case of a business crisis situation? A business crisis can test the strongest of leaders, read this article to explore how to ensure you’re ready to take action and weather the storm when one strikes you.
Stress is a product of the busyness of modern life. It has assumed grave dimensions ever since the emergence of industrialism. In fact, stress is a natural, ongoing, dynamic, and interactive process that takes place as people adjust to their environment. Stress can be brought about by positive or negative life events. Distress can cause disease and eustress or positive stress can promote wellbeing and increased productivity. Learn to recognize and be responsible for your stress, and learn the ways to manage stress.
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