Don’t Panic It’s only a Recession Colin MacGregor.
-
Upload
jagger-gosse -
Category
Documents
-
view
219 -
download
0
Transcript of Don’t Panic It’s only a Recession Colin MacGregor.
![Page 1: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/1.jpg)
Don’t Panic It’s only a Recession
Colin MacGregor
![Page 2: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/2.jpg)
8 Steps to Organization Renewal1.Review Mandate2.Review Processes3.Review Organization Structure4.Review Activities5.Review People6.Develop Communication Strategy7.Take Action8.Repeat annually through good times
and bad
![Page 3: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/3.jpg)
#1 Review Mandate◦ Mission – why does your business exist?
Redefine if necessary due to economy and competitive pressure
◦ Vision – What do you want the business to be? Has it changed?
◦ Values Shouldn’t change
◦ Value proposition Value to customers - has it changed?
![Page 4: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/4.jpg)
#2 Review Processes◦ Are your current processes efficient?◦ Do your current processes support the
new business climate?
![Page 5: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/5.jpg)
#3 Review Organization Structure◦ Does your organization structure fit the
new business reality?◦ Is it aligned with your business mandate
and your processes?
![Page 6: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/6.jpg)
#4 Review Activities◦ What are the things you need to keep doing?
What's working well and adding value
◦ What are the things you need to stop doing? What is not working well and stopping you from
being as successful as you can be.
◦ What are the things you need to start doing? What came out of steps 1, 2, 3 What changes are necessary to meet your new
reality
![Page 7: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/7.jpg)
#5 Review People◦ What skills do you need to fit the new
paradigm?
◦ Who has those skills?
◦ Who can develop those skills?
◦ Match those people with the new tasks and organization
◦ Make decisions on those who don’t fit and act quickly
![Page 8: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/8.jpg)
#6 Develop a Communication strategy◦ Be honest and open with people
◦ Make sure they get their information directly from the top?
◦ Avoid paralysis by rumour.
◦ Don’t give the organization lawyers a chance to sabotage your company
◦ Give people an outlet for their fears and concerns
![Page 9: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/9.jpg)
#7 Take Action◦ Communicate the new reality
◦ Make organization changes with a sense of urgency
◦ Train people who need new skills but instill a sense of purpose and urgency.
◦ Deal quickly with people who are not going to be part of the new organization. Don’t drag it out. Take action and move on.
![Page 10: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/10.jpg)
#8 Repeat Steps 1 through 7 Annually◦ Regardless of the business climate you
need to revisit the organization annually to keep it fresh an ahead of your competition
◦ Regardless of how bad the economy gets there is always someone making money and doing well. You want to be one of them
![Page 11: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/11.jpg)
“As we move into the new millennium and find ourselves in a knowledge economy, it is undeniable that people are the profit lever.”
Jac Fitz-enz – The ROI of Human Capital
![Page 12: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/12.jpg)
“After a long career in Human Resources working for a number of good companies in several different industries I’m convinced that the one constant in business over the years is poor management.”
![Page 13: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/13.jpg)
Common Reasons for Business Failure
“Bad or improper management practices, including poor cost controls”
From the MasterCard website
![Page 14: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/14.jpg)
Lack of direction. Business owners often fail to establish clear goals and create plans to achieve those goals, especially before starting out, when they fail to develop a complete business plan before launching their company.
#1 reason for business failure from Entrepreneur Magazine and Yahoo
![Page 15: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/15.jpg)
“doing the right things and doing things right”
Strategy Focus on what is important to the business
Alignment The organization, business processes, HR
processes aligned to meet organization objectives
![Page 16: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/16.jpg)
Many a report on business failures cites poor management as the number one reason for failure. New business owners frequently lack relevant business and management expertise in areas such as finance, purchasing, selling, production, and hiring and managing employees. Unless they recognize what they don't do well, and seek help, business owners may soon face disaster.
Patricia Schaefer – www.businessknowhow.com
![Page 17: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/17.jpg)
Team and Individual Competencies
Corporate Strategy
Strategic Objectives Core Capabilities
Business Measures (Financial, Operating, Customer, People)
Core Performance Competencies (Business Knowledge, Functional Skills, Value-Added Behaviors)
Team and Individual Measures Key Performance Factors
“THE WHAT” “THE HOW”
![Page 18: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/18.jpg)
IntegrationOrganizational systems and processes should not be developed in isolation
The Training & Development function is part of a much larger system
![Page 19: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/19.jpg)
CompensationStructure
Skill Assessment& Inventory
AccountabilityFramework
Assessment &Career
DevelopmentProcess
On the JobCoaching
MentoringProgram
Education Support
TalentPool
ReplacementPlanning
Succession Planning
Training and Development Strategy
HRPlanning
Recruitment Process
&Tools
Orientation
Foundation
Development Stream
On Boarding Stream
![Page 20: Don’t Panic It’s only a Recession Colin MacGregor.](https://reader035.fdocuments.in/reader035/viewer/2022062511/551c0805550346a34f8b4f7f/html5/thumbnails/20.jpg)
3 Categories of Training & Development
1. Compulsory legislated operational Policies & procedures
2. Performance Related Organizational Individual
3. Development Succession planning personal