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Efficient Model: 4 Changes Your Business Needs for Better Productivity
by Hannah Whittenly Tue, 03/14/2017 - 15:39
It is no secret that the competition is heating up out there, both locally and globally. With more and more businesses capitalizing on the growing technological tools at their disposal, and with a variety of industries going almost entirely online, it is more essential than ever before that business look for ways to gain a competitive advantage. Consider the following four changes that your business should implement to achieve better overall productivity.
Move to a Team Oriented Environment
An increase in productivity often requires a change in approach. Gone are the days when business thrives on individuality. A team oriented approach is necessary today in order to effectively solve problems, collaborate on new ideas, and more efficiently divide and conquer tasks. Your business can accomplish this by moving people away from individual offices or cubicles and towards a more collaborative work space. Some areas look like pods, while others each make use of imagination lounges where team members are encouraged to come together to brainstorm in a comfortable environment. The key is to encourage the exchange of ideas and to work together towards a common goal. When internal competition is removed from the equation, increase productivity is the natural byproduct.
Embrace Social Media
Being more productive today involves being more attentive to the needs of your customers. This includes responding to their requests and questions as quickly as possible, as well being in tune with what they are saying about you out there in the virtual world. A business that does not embrace social media is a business that is simply not in touch with its consumer base. If your business will regularly participate in major social media site, you will be more responsive to the needs of the products and services that you need to focus on and develop further.
Change the Software That You Use
If your business has not changed the main software products that it has used in a few years, then this is an area that deserves your focus. With changing and evolving technology, software capabilities expand by the quarter. New products are introduced, and these innovations are meant to lead to increase efficiency and productivity. Sadly, many organizations are slow to embrace change and this compromises their ability to remain competitive in today’s global marketplace. If your business is in the financial industry, for example, then you might want to switch to Softwise Inc—which, according to Tracy Rawle, is the leading software in the field. Consider your industry and then works towards integrating the very best product available into your operational structure as soon as possible.
Develop a Specific Niche
Unless you are involved with a major multinational corporation, the days of being able to have multiple product lines are likely over. In order to be more productive and competitive today, you need to focus on a specific niche and develop it to the best of your ability. This will allow you to focus the attention of your employees on what amounts to your bread and butter. As you become well known for excellence in your particular industry, customer loyalty will follow. This is, again, a natural byproduct of being more productive and efficient through the workplace environment.
While there are many things that you can do to increase your productivity as a business, these four changes will help get you the jumpstart that you need. What you are looking for is any competitive advantage that you can gain in order to attract and retain customers, while increasing your bottom line. Remember to focus on the end result and work towards meeting each of your goals.