Tag: communication

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Leadership Building

These 3 Key Skills Help Powerful Leaders Overcome Challenges!

These 3 Key Skills Help Powerful Leaders Overcome Challenges!
These 3 Key Skills Help Powerful Leaders Overcome Challenges!

What constitutes a great leader? What are those essential qualities that make for great leadership? A strong leader can help an organization to stay afloat in the best of times, and in the ones that try us the most. Hence, strong leadership is more important than ever!

Here are three qualities that make for great leadership:

1. A Good Listener

What’s not said is just as important as what is said!

Listening and hearing have a hairline difference between them. Hearing is passive, while listening is active-and the great leader is someone, who understands the difference between the two terms.

A great leader will take cues from all other aspects and help people in the organization who might lack the courage to speak up. Real listening is essential for effective communication. Listening not only involves ears but many other aspects like body language, expressions, and gestures.

2. Take Action Spontaneously

Many leaders talk, but they do not execute and do. And it is doing so that separates the real leaders from the rest. When your words match your actions, people learn to develop trust. It is more impactful when you take action on what you are hearing from your employees. Leaders who act quickly and confidently often must make difficult decisions, and for that it takes grit.

3. Communicate Clearly

There is no one-size-fits-all strategy when it comes to communication. But, successful communication begins with transparency. But to keep lines open and clear across the business, we must be careful not just about putting our messages across, but also about the mediums, too.

Leaders often have to make difficult decisions such as furloughs, and staff reductions. But great leaders always try to find the right balance. We are in uncertain times, where the dynamic of business is constantly changing. Leaders, who have clear objectives, are certain, and are committed to their passion and perseverance, are the ones who will continue to build trust in these uncertain times.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

It is essential to have leadership qualities to lead a successful business. Learn how to become a powerful leader from the industry experts in our leadership funnel program 2.0. To know more, register here: https://www.badabusiness.com/lfp?ref_code=FB&&pp_code=BHBB000078

Categories
Motivational

5 Key Components To Establish Powerful Performance Management At The Workplace

5 Key Components To Establish Powerful Performance Management
5 Key Components To Establish Powerful Performance Management

Summary: Performance management is an essential process to review the hard work and efforts of your employees. So how can you make it more effective and transparent?

Every business aims to make sales, generate revenues and bring in profits. Revenues and sales are made by employees that work in the company. Employees bring customers, and clients stay loyal because of your human capital.

Since so much is dependent on your employees, companies need to ask themselves how they can make their employees satisfied, valued, and happy in their workplace. Evaluating the performance of your employees is the first and most important system that you have to develop in your organization. Every lead or supervisor must be well-trained in how to evaluate the team. You can also consult with a business coach to establish effective performance management.

Many performance management models with different working models have been tested and implemented across organizations worldwide. But truly effective performance management consists of the following essential features:

  1.     Creates a clear picture.
  2.     It is a continuous process of communication.
  3.     It consists of evaluation with feedback.
  4.     It aims to motivate employees who are not performing much.

However, after COVID the work culture has undergone a huge transformation. And one of the most prominent changes is the global imposition of remote work. So how can you ensure to have performance management which is best suited to your organizational goals?

Here are 5 key components of a performance management system designed to ensure productivity in a remote workplace:

1. Revaluate Goals & KPIs

Due to the changed workplace scenario that the current global economy faces, role workloads have differed considerably, with not all equal roles having equal workloads. Thus, KPI and role should be realigned to save costs while extending support to cross-functional processes.

2. Implement Objective & Key Results Methodology

To set, communicate and track organizational goals, management can implement one of the most popular methodologies- “objective and key results”. As this is an overall approach toward goals and employee performance at various organizational levels, it can help incorporate accountability and quantitative proximity of realizable goals.

3. Set SMART Goals

With the remote work paradigm, goal-setting has become even more critical in the current economic climate. Poorly defined goals can become a cause of bad performance and future worries in a climate already marred by global crises and constant disruption.

Hence, the goals defined by the organization must be SMART- Specific, Measurable, Actionable, Relevant, and Time-bound.

4. Keep in Touch With Employees

Today when companies lay off their employees in huge numbers evoke fear within employees when it comes to their performance. Hence, management needs to understand the significance of maintaining regular contact with employees and keeping them updated on all relevant levels. Encourage them to share about their work, lives, goals, etc.

5. Place your Trust in Employees

It is important to trust your employees and subordinates and give them the privilege of clear communication, especially regarding personal matters. Whether working on-site or remotely, many aspects of human lives are unclear. Hence, having faith while everyone is struggling is a key success factor on all levels. As the remote working culture is prevalent, there may be a few employees who are unable to meet the deadlines. Assuming such employees are not being productive is a serious error of judgment.

Performance management and open feedback systems have become a core part of both our corporate and personal lives. In the end, open and transparent communication is the key to a robust and impactful performance management system, no matter what your physical location is.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

To know more about our business coaching program, visit: www.badabusiness.com

Categories
Motivational

These 3 Soft Skills Will Make Your Child A Winner In Every Aspect Of Life

These 3 Soft Skills Will Make Your Child A Winner In Every Aspect Of Life
These 3 Soft Skills Will Make Your Child A Winner In Every Aspect Of Life

When it comes to a bright career, people believe that all it takes is academic learning. And to ensure that their child gets nothing less than the best, they spend ample time and money on their schooling and textbooks. However, there is one fact that they completely miss. Academic studies in schools impart knowledge to kids. But, many schools fail to prepare children for the real world. The worlds where they will have to face rejections, take difficult decisions, grow connections, and lead many projects.

This is why apart from academic learning, soft skills are also necessary if you want your kids to emerge as outstanding performers in every field. Soft skills learning not only help children in their holistic development but also encourage them to achieve their goals.

What are soft skills?

A combination of social skills, communication skills, personality traits, character, and many other interpersonal skills support us to navigate and perform well in our careers, happily co-exist with others and achieve our goals while functioning in society.

These are the skills that can`t be learned from books or through Pythagoras’ theorem. Soft skills are learned through practice and interactive learning.

While various soft skills are learned, here are the top 3 essential skills that are essential for the growth of children:

1. Effective Communication

For most people communication only comprises talking, listening, and writing.  However, effective communication also includes transmission, expression, understanding, and interpretation of ideas, information, and knowledge.

As children grow they will have to learn how to perform their best in a team, how to work with their classmates, and how to communicate, share and present their ideas in front of others. From persuading others to handle various projects soft skills learning is of absolute importance throughout life.

As a parent, you can ensure that your child gets all the opportunities that can hone his or her skills and enhance their personality by encouraging them to share their thoughts and ideas confidently. Along with academic learning, help them take part in activities that sharpen their ability to use grammar and punctuation correctly.

2. Critical Thinking & Problem Solving

With only textbooks and academic learning, kids can`t make it big in this world. Not only do they need to get a quality education, but they also need to have critical thinking skills like strong observation power and good analytical skills.

Be it products, processes, or services, to compete the world is continuously improving and evolving around us. Having a critical mindset and problem-solving approach helps them to produce solutions to problems in an effective manner in every sphere.

A problem-solving approach is one of the most difficult skills that are quite tricky to master, as life is unpredictable. It is a skill that takes a lot of practice, so you can start by helping your children to tackle daily challenges. A simple jigsaw puzzle can improve your child`s problem-solving ability. There are also many learning platforms for students like BB Junior that will help your child to build the foundation of academics but also help in building good relationships that are integral in one’s personal and professional life.

3. Teamwork & Collaboration

Living alone and working without having to interact with anyone is something that is not possible. From school to coaching classes, sports to debates, projects to competitions children will have to interact and work in a group. Hence, teaching children the importance of teamwork is important.

Giving your efforts is important in achieving the team`s success. And this mantra is quite important for kids to learn and apply in their daily lives. It is through teamwork that children will communicate and share their ideas and contribute to the problem at hand in a more effective manner while they will also learn to receive and give feedback positively.

Soft skills learning is very important for a child`s overall personality development. Online platforms like BB Junior is an interactive platform that not only helps to make the foundation of education stronger but also provides a unique school experience beyond science fair projects and senior papers.

Give your child an extensive platform for learning where he or she can learn from the subject matter experts that will help them to enhance their minds. To know more about BB Junior- a platform exclusively for kids, visit us: https://www.badabusiness.com/bb-junior

Categories
Startup

5 Reasons Why Strategy Execution Fails In A Startup Business

5 Reasons Why Strategy Execution Fails In A Startup Business
5 Reasons Why Strategy Execution Fails In A Startup Business

Building strategies is one of the most critical aspects of a business as it directly impacts growth. However, it is no longer a secret that most companies struggle with strategy execution.

According to research by McKinsey, “around 70 percent of change efforts fall short of desired results.” Today, senior leaders across the globe have started to take notice of it and realized that the financial losses induced by execution failure are massive.

Building a great strategy is an amazing start. But, organizations must be able to deliver on their intent. Strategies involve changes, and the natural human tendency is to resist them. So, no matter how strong your strategy is or how fantastic your new products and services are, it will only work once it is implemented successfully. To learn the art of executing strategies one can also take an online course for entrepreneurs.

Also Watch here, 4 Step Formula for Strategic Execution by Dr Vivek Bindra:

The first step in finding the biggest challenge that comes in executing strategies is to identify the most essential problems that are acknowledged already.

There are multiple reasons why many organizations fail at the execution level. The common are listed below:

1. Ineffective or unclear communication

Whether it is a personal relationship or a professional relationship communication plays a huge role. The most common problem in strategy execution is bad communication. It means that the communication which is too little, too vague, too late, too early, too much, to the wrong people, or otherwise ineffective can be termed as bad communication. Anything that is communicated vaguely can play a hurdle when it comes to implementing important strategies.

2. Ineffective Management

Failed strategy execution is often seen as a misalignment problem. Alignment means achieving coherence and consistency between different levels of strategy: business strategy, corporate strategy, operational strategy, and functional strategy. Misalignment results in silo behavior and not everyone being on the same page.

3. Ineffective Change Management

The strategy usually involves various changes at all levels. Hence, managing change is an important aspect of strategy execution. Challenges in this area include resistance, no buy-in, lack of commitment, and keeping up appearances. These challenges are largely emotional and mindset problems that come from not engaging people throughout the organization during strategy generation and execution.

4. Ineffective Performance Management

“What gets measured gets managed, and what gets managed gets done.” Hence, performance management is the key to successful strategy execution. If this is done ineffectively, it leads to problems such as unclear or missing objectives and targets, wrong use of measures and performance indicators (KPIs), counterproductive incentives, and failing resource allocation. If you too are facing this challenge, you can take an online business course for entrepreneurs.

5. Ineffective Project Management

Systematic follow-up and project management are two important factors that constitute good strategy execution. The lack of it is a fifth key problem in strategy execution. It comes with unclear responsibilities, missing or conflicting priorities, exceeded budgets, delays, bad time management, and poor or missing leadership at various levels in the organization.

Together, these five problems are responsible for a great share of strategy execution failure in most organizations. These challenges are not new. They have been acknowledged in the 1980s. And so have their solutions. Hence, organizations must consider these challenges and their solutions to ensure that strategies are very well executed at every stage.

Of course, strategy and execution are complex, and resolving these 5 problems can be extremely challenging. But, if there are challenges, so are their solutions.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive online course for entrepreneurs that comes with Foundation courses, specialized courses, and value-added courses.