Archive for January, 2012
How Can I Motivate My Employees For Effective Management and Leadership?
Posted by admin in Innovation on January 26, 2012
You can’t make it out of the hood just by sitting around wishing; you have to hustle and you have to be ambitious. The spark inside is the only factor that drives an individual to exceed expectations. Everyone has a different state of mind and level of perception because of which the concept of motivation is not clear to individuals as it needs understanding the human nature where lies the problem. This article will help you know how human nature reflects effective management and leadership, thus motivating employees towards the business goal. In most of the organizations, manager’s main concern is on achieving the numbers and not on building moral of their team. It is obvious that one day you will realize that it has a direct impact on the moral of employees and thus on the bottom-line. The graph moves down because of the pressure on achieving targets. Motivation comes internally and as a manager, it’s your responsibility to create an environment where employees can motivate themselves cuz a self motivated person can do things better. You can’t force anyone but you can motivate them to perform. On the other side of the table, external motivation cannot be kept aside. Factors like remuneration, positive reinforcement, job satisfaction, job security, growth and interpersonal relations do not motivate people but may leads to dissatisfaction as they have a big impact on the minds of individuals.
How? Performance of an individual is directly proportional to motivation and therefore should be your main concern. You can effectively motivate your employees and thus generate optimistic results by:
Setting Examples: Your positive and upbeat attitude makes a more enthusiastic and motivating working environment as a self motivated person can do things better than others.
Creating friendly environment: Talk to your people giving a level of comfort so that they can give suggestions and share their problems.
Be part of the Team: You have to lead being a part of your team. Your behavior plays an important role here.
Distributing authority and responsibilities: The sense of responsibility internally motivates a person and authority motivates to lead ahead.
Co-ordination: Always co-ordinate with others so that they perform better.
Appreciating efforts: Appreciate what they achieve individually as well as a team. It boosts up others for giving more.
Securing Hygiene issues: In order to secure dissatisfaction, take steps to secure them giving job security and satisfaction.
Inter/Intra-com competition: Everyone plays to win the game, competing with others motivates individual for giving their best.
Rewards and Promotions: Getting rewards and job promotion influences individuals mind.
At Nexgen (Nidificate Experience and exalt Generation with Erudite Novelty), we ignite the passion of our employees for building success via high engagement programs that create immersive brand experiences.
Using Business Innovation to Achieve a Radical Increase in Profits
Posted by admin in Innovation on January 26, 2012
Introducing a new product/service which customers are not yet familiar with, either by pioneering a novel technology or changing the quality of an existing good, could ensure a business a high market share. This is because it is considered an early mover. Companies that employ this strategy are also able to charge high prices in the short term for their products and services, as they recover their capital investment before competitors enter the market.
Organizational restructuring often involves an improvement in internal processes. Changing the way things are done within an organization, could bring about dramatic reductions in costs. New ideas in this form, could involve an elimination of non-value adding activities and improving the efficiency of value-adding activities. The same thinking could be extended to service delivery, where companies can improve their customer interaction and satisfaction by remodeling the channels through which their products reach the end-user. In recent times, many organizations are interacting directly with customers using corporate websites and smart phone applications to sell products, gauge customer satisfaction and promote new products.
Customer value is assumed to increase when a product does what it says it will at prices consumers perceive to be a bargain. The innovative business strategy concerns itself with producing goods that meet identified customer needs, at estimated market prices. Most organizations that pay attention to customer value enjoy the loyalty of satisfied customers making repeat purchases. This often ensures capacity utilization, higher productivity, increased market share and profit maximization.
Improving or replacing existing processes or products could have a positive effect on the level of efficiency attained by an organization and the quality of its end product. An efficient production system usually implies that, there is a drastic reduction in wastes and raw materials used. If a new idea improves the quality of products or services an organization offers, it can opt to differentiate its products, thereby creating a niche market from which it could earn abnormally high profits.
Most organizations can innovate; new ideas can always be employed in majority of companies to improve processes, products and services. There has also been a development of specialist firms that are able to provide professional advice, on how to utilize innovative techniques to achieve super profits. These firms could provide long term solutions for companies that need to continually innovate to survive.
Using business innovation to earn super profits could involve any or a combination of organizational restructuring, introduction of a new or improved product/service, paying attention to customer value and changing the way things are done within an organization to achieve higher levels of efficiency and quality. It is advisable for organizations to seek professional advice when employing innovation as a strategy.
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