I am talking about companies that are anything bigger than slightly mature start-ups. Companies who have figured out the product/market fit & are in the Customer Creation/ Company building phase (Refer here and here).
Here are a few questions to ask:
- Does you have organization have SMART Goals ?
- Do you have goals for your business units based on the overall organization goals ?
- Are these aligned with business strategy ?
- Do you then have goals for each function within the business unit ?
- Do these goals then percolate down to each employee / manager ?
- Is there anyone working in your organization whose SMART goals are not defined or are not aligned to the organization / business unit / function goals ?
You got to have SMART(Specific, Measurable, Achievable, Relevant, Time bound) goals defined from top to the very bottom.
This is a time taking exercise. Its painful & it does not end with just defining goals. You have to track and meet those goals.
But if you want to make your company go where you want to take it – you GOT to do this. The only thing I will advise if you want to save a bit of time is to identify your core & to focus more on the core. For example, risk management for a financial company, engineering team / practices for a technology company etc.
Doing something, taking steps and spending time and money without having a clear aim is going to serve you nothing but a false feeling of progress.
Its your baby. Make no compromise.