4 Tips for Leading a Company
In a Constantly Evolving Industry
1. Be nimble. - You must be nimble to stay afloat. While split decisions are not the best strategy,
working fast and thinking on your feet will help you provide your employees with the best direction. You should still weigh the pros and cons of a flexible business model, but be ready to implement strategies quickly so you can evolve with your industry.
2. Stay ahead of the curve. - Besides being nimble, be prepared for what’s ahead. Anticipate the changes in your industry by conducting research and reading the latest analyst and industry reports. Subscribe to important industry newsletters, collect quarterly reports and listen to what others are saying. While things always change, the more you predict the future, the better equipped you'll be to have the groundwork for a new plan in place. Once you feel in step with the forecasts in your industry, make sure your products or developments are staying ahead of industry advancements.
3. Always keep your end goal in mind. - For any change or decision that you do make, to the direction of a project or for the addition of a new service, consider whether it will benefit your end goal. It’s easy to get caught up in what your competitors are doing and how they’re evolving with the industry; but if any change doesn’t make sense for your end goal, it may not be worth making.
4. Create diversity. - It’s important to not only to be a strong leader in a fast-moving industry, but to also have a strong team. By creating a diverse team of players who offer unique, individual perspectives, you will be able to block and tackle multiple projects and to glean smart insight from your employees.
Source: entrepreneur
Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.
Houston Business consulting for women entrepreneurs.
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