Signs of a Declining Business
1. Fuzzy Vision: people don't know where the organization is going and what it is trying to achieve in the future.
2. Lack of Leadership Skills: fear of change; leaders lack entrepreneurial spirit; leadership style on the part of management is either too directive or too hands-off; managers do not lead, they just administrate and micromanage; weak leadership development program.
3. Discouraging Culture: no shared values; lack of trust: blame culture; focus on problems, not opportunities; people don't have fun at work; diversity not celebrated; failures not tolerated; people lose confidence in their leaders and systems.
4. High Bureaucracy: bureaucratic organizational structures with too many layers; high boundaries between management layers; slow decision making;: too close monitoring of things and subordinates; too many tools and documents discouraging creative thinking; bureaucracy is tolerated.
5. Lack of Initiative: poor motivation encouragement; people do not feel their contributions make a difference; management fails to engage the organization effectively; people work defensively and not creatively, they do their job, and nothing more.
6. Poor Vertical Communication: people have no clue of the big picture and do not feel that their contributions are important; too much uncertainty; people don't know what top-managers are thinking and planning.
7. Poor Cross-functional Collaboration: functional mindset; lack of cross-functional goals and cross-functional collaboration spirit; functional, no enterprise-wide business process management; no cross-functional management committees; lack of or powerless cross-functional teams.
8. Poor Teamwork: no organizational commitment to team culture; lack of shared and worthwhile goals; weak team leaders; team members who don't want to play as part of a team are tolerated; teams are too large; lack of shared rewards.
9. Poor Idea and Knowledge Management: cross-pollination of ideas is not facilitated; no creativity, idea and knowledge management strategies and systems; "know-it-all" attitude; "not invented here" syndrome.
Signs of a Declining Business - To learn more about this author, visit Harvey Schiller's Website.
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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