5 Ways Your Business Is Underachieving and How to Fix Them

Updated on August 31st, 2021
Business Advice

Many companies who have good people working for them fail every year. Take a look at this list of the five most common ways that a business which looks perfectly viable on paper can actually be underachieving; and how mind mapping can help you reach your goals.

Strategy

No matter how great your strategy is at the executive level, you have to communicate a clear vision supported by the company’s mission statement to everyone. If you don’t have departmental goals and objectives clearly defined right down the line they won’t be implemented. It’s a myth that all leaders are born, not made; adult learning is a crucial component in training your managers on how to motivate the staff through good communication and effective management strategies. Employee leadership training will bring about permanent benefits and ensure that your managers have the skills to implement the corporate strategies on which the success of your business depends.

Tactics

Strategy and tactics are constantly confused; this may cause friction and poor performance from good employees. They may feel frustrated by the poor organization of these important functions. Employers need to face organizational problems instead of ignoring them. Mind mapping can be a helpful way to look at some of these problems. They can allow employers to streamline their whole operation through a series of steps and participatory exercises aimed at drawing upon the experiential knowledge the employees already possess.

Making Decisions

Many companies have not carefully thought out how they will go about decision-making. Brain-based education and concept mapping bring all of these types of problems out into the open and provide training on how to develop a common process upon which to base all important decisions.

This can make a huge difference to annual profits, as costly mistakes cease to drain away money. Concept mapping teaches executives and managers the importance of basing their decisions tangible data. This includes solid market research, customer feedback, and the opinions of the office workers.

Creativity

Do you really know the amount of hidden creativity, aka intellectual capital, there is within your organization? You should find out, because if you have people on your payroll who are not given a chance to contribute to the business and the overall operation and development of innovative new products, you are just wasting their talent and your investment in them.

The idea that only a few special people can be creative is misleading. Your whole staff can offer many different points of view. This should all go into the mix because innovation demands novel ideas. Concept mapping focuses on showing all workers how to develop their creativity and contribute to the overall success of their organization.

Progress happens because people want to find ways of solving problems and most professional investors may think of hundreds of impractical ideas before they hit on a solid solution. People from different cultures, traditions, and countries may well be able to approach a production or design problem with just the right idea that sparks the development of a highly profitable innovation.

Underachieving Staff

If your staff is underachieving, don’t accept the situation–change it! Poor staff retention costs industries millions of dollars each year. Mind mapping sessions for personnel have been tremendously successful in recent years. It’s an aid to stimulating personal development and self-awareness. Self-awareness encourages people to seek ways to change behavior. It brings negative outcomes while applying creative solutions to any given issue.

Thought mapping sessions provide a non-judgmental and safe environment for any problems to be discussed openly. This is vital to the success of any business, because if problems are not shared they cannot be resolved. Problem-solving strategies can be introduced into the general workplace through brain-based education applications. Employees appreciate this for the improvement it brings in their working atmosphere, and subsequently, morale goes up.

William Lipovsky

William Lipovsky

William Lipovsky owns the personal finance website First Quarter Finance. He began investing when he was 10 years old. His financial works have been published on Business Insider, Entrepreneur, Forbes, U.S. News & World Report, Yahoo Finance, and many others.

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