While being in a time of abundance and growth in business can be exciting, sustaining that success requires serious consideration of management priorities. Here are three tips from a Forbes article on how to prioritize when business is going well.
1. Make room for the new. Consider the projects your organization is currently attempting and ask where restructuring for more efficient resource allocation might occur. If projects have inadequate sponsorship, budgets or staffing, it's time to reevaluate their importance to the company objectives.
2. Avoid operational clutter. Consider the strategic implications of all business and planning decisions. To determine what is necessary to achieve, first ask "what do we want" and find where the results intersect with the answer to the question "what do we need?"
3. Make smarter choices in the first place. Determine a reasonable period of time for short term planning — perhaps a quarter — and ask "what would be stupid not to do during this time?" Do those things.
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1. Make room for the new. Consider the projects your organization is currently attempting and ask where restructuring for more efficient resource allocation might occur. If projects have inadequate sponsorship, budgets or staffing, it's time to reevaluate their importance to the company objectives.
2. Avoid operational clutter. Consider the strategic implications of all business and planning decisions. To determine what is necessary to achieve, first ask "what do we want" and find where the results intersect with the answer to the question "what do we need?"
3. Make smarter choices in the first place. Determine a reasonable period of time for short term planning — perhaps a quarter — and ask "what would be stupid not to do during this time?" Do those things.
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