Every one aims for the growth of their organization: Getting more projects and sales orders, increasing turnovers and employing more people are always the top priorities of business heads.
But, before we all begin to take the big leaps, we have to make sure that our grounding is strong and that we are stable within ourselves.
Following the policy which results in neither the advancement nor the decline of an undertaking constitutes a stable condition.
What has been achieved should not be lost. Even companies are now realizing that, as they march ahead, their support system should be in place to conquer bigger markets. Thatâ€™s because itâ€™s important to keep oneâ€™s house in shape to invite guests or alliances. Analyzing the following points will enable all the concerned in an organization to find out if the company is stable:
Financial stability: Ensure that the cash flow into the organization is regular and long-term. Out standings, have to be reduced. Collections from customers should be in time. A good banking and accounting system should be in place. Monitor finance reports regularly to keep an eye on these.
People stability: A company may be getting more orders, but whatâ€™s the use if existing employees are shifting jobs? Stability of people has to be ensured. Itâ€™s a major challenge to all HR heads that, before they recruit new people, their existing ones should not leave. Itâ€™s a case of ensuring that there is no or negligible attrition.
Learning stability: Itâ€™s a world of knowledge-workers now. Itâ€™s important to maintain a steady search for knowledge. Continuous innovation and upgrading to latest changes is the secret of success of all great companies. The decline starts when one thinks he knows it all. Learn from others and your own experiences.
Vision Stability: To fulfill the above requirements, a stable vision is very important. Before anyone starts an organization, itâ€™s important to have a clear vision and a mission. If the companyâ€™s sole motive is only to earn profits, the future is going to be dark. It is also important to impart the vision of the leader to every single employee to inspire them to work. Only when the â€˜inspirationâ€™ is maintained will the organization grow.
Every member of the organization has to always remember to think long-term instead of short-term. The ancient Indian philosophy has cautioned individuals regarding following two paths — the path of the good, which is initially difficult but a winner at the end and the path of the wrong, which initially seems comforting but runs one into trouble in the future. A wise individual can easily decide the right path and so are progressive organizations.