Definition ‘A creative climate is a safe nurturing environment for people to work in and one that encourages innovation and creativity.’ Why a Creative Climate? In today’s world, with globalisation, the advances of IT and ever more government intervention, everything is moving so fast that companies cannot afford to stand still. Increasing competition means that […]
6 quick steps to planning a turnaround strategy
The hardest part of planning a company turnaround is recognising that you have problems, and that action needs to be taken to avoid a terminal decline. Once you have done this, anything is possible, however bad you believe the situation is. I fully recognise that time is of the essence in these situations, so here […]
5 self survey questions: Need a Turnaround strategy or new finance?
5 big picture questions to help you decide if you need to look at a Turnaround Strategy or business finance support and advice. It’s often difficult when you are in the middle of a situation every day to see the big picture. What I’m suggesting here is that you take yourself outside the day job […]
How to ensure your strategy is aligned for great employee engagement
Strategic fit – Make sure the turnaround strategy is in line with the business purpose I am always surprised to see turnaround strategies that have at their core a complete reduction, let’s say in Marketing and Service departments, supporting a purpose that is based on increasing sales penetration and the provision of first class customer […]
Create VALUE from your VALUES when planning a turnaround strategy
It’s important to have the full support of your employees behind you when you are creating and developing a business. This is never more so than when you are planning a turnaround strategy. I have always been fascinated by that feeling you get when you are totally engrossed in creating something new, and how you […]
Create VALUE from your VALUES when planning a turnaround strategy
The importance of Values when planning a turnaround strategy When planning a turnaround strategy, it is vitally important to the successful implementation that it is driven by a set of values and beliefs that underpin both the purpose, and the strategy, of the turnaround. Values are the beliefs and moral principles that lie behind the […]
How to get real employee engagement with your Turnaround Strategy
Business Purpose before the Company Turnaround When the organisation started out there will have been some form of underlying purpose. It may be that this purpose hadn’t been pre planned, or even articulated by the entrepreneur or the start up team. However it is very likely that this purpose will have played a major part […]
9 Creative ways to achieve staff engagement during turnaround
In any change or turnaround situation, Human Resources plays a vital role in both implementing your chosen strategy and developing a sustainable creative culture. An Engaging and Open Culture The environment needs to create as much safety and security around employees during these potentially difficult times given there is likely to be high levels […]
Turnaround strategy: How do your business problems compare to these?
Planning a turnaround strategy can feel like a lonely task. There are so many options to consider and a wide range of actions you need to take just to get your house in order before you can even start making any changes. We’ve talked about them in our eBook, Guide to Company Turnaround and Finance […]
Employee engagement strategy: motivating employees in difficult times
One of the most troubling aspects of turnaround situations, or indeed any business difficulty, is the impact it has on the people you work with. As a business owner or manager, you’ve got a lot on your plate trying to juggle all the issues you have to deal with. But it could be argued that […]