Sunday, September 29, 2013

A630.7.4.RB - Mastering the Art of Corporate Reinvention

In the video, Bonsignore talks about the importance of communication and how vital it is to be truthful on all levels of the organization.  This means being completely honest with your employees.  If you keep them involved in what is going on with the company they will deal with the hardships better if they know that management is being open and honest with them and that there is light at the end of the tunnel if things are not going well.  I believe that this is a big part of what will make Honeywell successful because he sees the importance of communicating what is going on with the company.  When you can motivate your employees by showing them that the success of your company depends on them they will feel that they are truly part of the process.  Employees who do not want to be a part of change will bring down motivation of an organization so they either need to get on board or be let go.
Companies have to be adaptable, have credibility and be able to communicate with employees as well as customers.  If a company cannot adapt to changes in technology, product growth will go nowhere.  With technological changes comes a depersonalization of the simple processes such as customer service.  Customers want to speak to a human being to get their questions answered.  So be sure you have a personal touch so that your customers know you care about them and that they are not just a number to you.  If you don’t get feedback from your customers you won’t know where you need to make improvements.  When you set expectations for your company and you can’t follow through with it, own up to that by being honest with your public as well as your employees.  If your company takes success for granted complacency can take over.  This is when mistakes can happen.  A swift kick in the rear will get you moving again.  The speed at which things are changing these days is ever increasing so you must be ready to change and adapt in order to grow.
Getting a good sense of what is expected of the company on all levels from the janitor to the CEO is by having strategic business plans in place that are both short term and long term. This way success is measurable.   It also gives the employees have a clear idea of how to get from point A to point B and how they can be a part of that.  This gives them a purpose and creates a corporate culture of being part of the solution.  One of the things Bonsignore talked about was thinking in terms of what is good for me and good for the company.  In other words you should think about the big picture, not only how it affects you but the company.

Listening to the video it was great to see that both Bethune and Bonsignore admit that mistakes happen and the best thing to do is to own up to those mistakes and move forward from it.  You have to be able to pick yourself up and dust yourself off and figure out where you went wrong and what you can do to try to avoid making the same mistakes again.  The best successes usually come from failing at something.  Set expectations and be sure to get feedback.  For me I can use all of these things in my job currently.  Because there are so many changes to regulations we always have to adapt to changes that are happening.  For example, I already know that there will be more changes to how we perform verifications for the next academic year.  I would like to get some forms together and have a committee of students who review them for usability to see where we may be missing the ball on communicating what is needed.  Are the forms understandable?  Does it make sense?  Do the awarding letters break down the important information such as terms financial aid is awarded, where to find information regarding policies and such?  I think it would be great to get a survey together to see how students feel about financial aid and what can be done to improve how we do business.  This I feel will help communication and how we work our processes.

No comments:

Post a Comment