Thursday, October 6, 2016

10 Tips to Improve Your Company's Productivity

Productivity, defined as the relationship between the resources that your company invests in its operation and the benefits you get from it, is a key indicator when analyzing the state of your company and the quality of its administration.
We made a list of alternatives that will allow you to implement new strategies to improve the productivity of your company.
 

10 Tips to Improve Your Company's Productivity
Below our top 10 recommendations that may be useful to make your company increasingly productive.

1. Modernize

Discuss the options you have to modernize its productive apparatus, machinery, equipment, processes and management. Modernization involves not only acquire technology, is also a way of thinking and project his company into the future. Through modernizing your company can increase its capacity to adapt to change and remain in force over time.

2. Innovate

Your competition is always innovating. For this reason it is important that you also do not stay renegade. Innovation will help you analyze your business model to find innovative ways to improve their management and make optimal use of its resources alternatives. Companies can innovate their productive apparatus, the use of technology and organizational management, among others. Through innovation your company can be more competitive and even achieve the development of new products and services.

3. Train your staff to improve competitiveness

The human capital of your company is its most important resource, so it is critical that your employees are constantly trained and acquire new skills to enable them to further develop skills to effectively and efficiently perform the functions assigned to them in your company. Train your employees will help you have a good level of motivation, productivity, integration and commitment. There are different options for updating and training that will allow both managers and their employees better develop their skills and competencies towards increasing the productivity of your business.

4. Apply administration processes, not functions

If each of your employees understand that their responsibilities go beyond mere compliance with specific functions and actually what matters is that the processes that are involved the company are made, because this all benefit, you will with a group of employees committed and willing to do their best to help the company. That the administration processes involved. Some advantages that can bring the application of this philosophy are: better planning, better job quality, improved overall performance of the organization and implementation of strategic objectives.

5. Become an effective motivator

Keep your motivated and positive attitude to daily tasks employees and the work they do is key for all processes which are involved more productive. Therefore it is important to create policies that ensure the welfare and employee satisfaction. It is clear that the motivational speaking we refer not only to pay or economic benefits that a company gives its employees. It is also about the activities and actions developed by organizations for the benefit of human capital (anniversaries, awards, training, etc ...)

6. Plan

A key element for the management of a company's strategic planning, because it helps define the objectives, goals, strategies, policies and procedures to be developed in favor of the organization. If you want to make a good executive management is important to plan ahead and clearly the project life of your company, considering its context and all the actors that comprise it.

7. Manage time well

An important feature shared by people and successful companies is the right time management. For an organization or company can perform and carry out all activities proposed, it should organize and prioritize tasks based on time. This is one of the main resources whose use must be optimized to increase productivity.

8. Use communication strategically

Communication is an essential tool for your company more productive, and that through good management of internal and external communication you can establish action plans to support the achievement of its objectives, improve the working environment element, generate a good reputation, to inform customers its portfolio and properly coordinate work within his company, among many other beneficial actions for business year.

9. Intelligently Manage working capital

Good management of working capital guarantees the solvency of your company, allowing you to respond in a timely manner with all its financial obligations and create favorable conditions to negotiate both at the time of selling, as when buying. All margin earned affects productivity. In addition, when a company is solvent, it is at lower risk of having to compromise their operation due to lack of appropriate resources.

10. Consider entering new markets

Possibly across national borders there are markets that you do not even know are particularly favorable for your business. Open to the possibility of entering international markets can help you discover ways to increase profitability and productivity, taking advantage of the opportunities offered by trade agreements. Contemplating the internationalization you can expand your business and get their products to different parts of the world.

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