Vignesh Pavangat’s Post

Bad managers are irrelevant in the big scheme of business. They will be identified by fellow employees. Their superiors may be fooled but not those that “report “ to said bad manager. Eventually, it becomes apparent that no one wants to work for them. Superiors- keep your eye on your operations.

📌Business Acumen: every #leader should possess the business acumen.it is defined as understanding the context in which the #company operates and utilizes that information to make solid #business decisions and solve problems.

The B.I.G Business/Organizational Performance Question❗️ No matter how much you love your business or organization; no matter how much of a ‘hands-on’ business owner/manager you are; and no matter how unreliable your team may be, your lovely business WILL have occasions when you wount be there to make the operational decisions for, maybe, a day, an hour, a week, or a month❗️ What will that cost you❓❗️ In those moments of your absence when the business MUST operate under conditions of heightened RiSKS, do you think you have in place the critical systems and processes that your business needs to make the right decisions, function properly, and keep getting the same as, or better results than when you were there❓ Can you audit those decisions made in your absence to ensure they were proper❓ Are your business resources safe in your absence❓ What are your suppliers, customers, and staff doing with your money, supplies, and stock behind your back❓ Register here https://lnkd.in/dKreFv5m to learn how to emplace the critical systems and processes for efficient and effective business decision making❗️

Critical thinking is key when you want to excel in business

Strategic thinking Strategic thinking is another key skill that falls under the business acumen skills umbrella. Strategic thinking refers to a person's ability to devise effective plans to deal with business situations and to create strategies to reach company goals. Good strategic thinking skills include prioritization skills, adaptability, flexibility and strategic action plan development.

Spontaneity is the spice of life! Spontaneous business decisions can be effective if approached with careful consideration and a strategic mindset. Before making a spontaneous decision you should; 💠 Understand the context and the immediate need or opportunity. 💠 Rely on your experience and expertise. 💠 Assess the risks and benefits associated with the decision. 💠 Cultivate a flexible mindset that allows you to adapt to changing circumstances. 💠 While the decision may be spontaneous, consider its potential long-term impact on your business. 💠 Regardless of the outcome, use the experience as a learning opportunity. Remember to apply caution because not all decisions are suitable for spontaneous action. Critical and high-stakes decisions may/should require a more thorough analysis.

Effective business management is the fine art of balancing strategy and execution, adapting to change, and nurturing a strong team. It is the cornerstone of success, driving growth and propelling organizations towards achieving their goals.

As business owners, it’s easy to say, “Everything’s fine,” when deep down, we know our operations could be better. 🌀 But ignoring these inefficiencies can cost you time, money, and growth opportunities. Here’s how you can start improving your operations today: 1. Identify Hidden Problems: Take a closer look at your processes. Where are the bottlenecks? What’s causing delays? Often, small inefficiencies add up to big problems. 2. Implement Effective Strategies: Adopt lean manufacturing principles to streamline your workflows. Focus on eliminating waste, improving quality, and delivering value to your customers. 3. Boost Accountability: Ensure everyone on your team knows their role and responsibilities. Clear communication and defined processes are key to smooth operations. 4. Adapt and Grow: Be ready to pivot and adapt to changes. Continuous improvement should be part of your company’s culture. Which one of these are you implementing in your business?

Organizations that are facing turbulence are mostly going to lack in communication and disconnected because of which they are unable to understand the core issues. Business results are always the outcome of right combination of people, systems and processes. Unforunately focus is on results not on the recipe that will get you results.