These 4 Awful Things Happen To Companies With Inefficient Management
The world today is as fast-paced as ever. We live in the perfect era for businesses of all shapes and sizes to blossom, rise from the ground sky-high. Alas, despite perfect conditions, 90% of new start-ups tend to go bankrupt, according to Forbes.
Poor, inefficient management, while not responsible for the whole 90%, takes the life spark away from a lion’s share of companies. What’s even worse is the fact that companies and businesses of all flavors fall victim to the deadly scythe of inefficient management. You don’t have to be a newbie to suffer from decreased profits or reduced productivity.
The 4 pains
Here are the first four bleeding pillars that hold the crown of inefficient management upon themselves.
- Low Morale. Without a distinct understanding of simple basics your employees can go rogue. People need to know that there’s a man in charge, a judge that wisely considers every step the company makes. That noted, people hate to earn as much as Mike from the IT department while doing more work. It just seems unreasonably unfair – why should I try hard when I can do nothing for the same cash? Don’t ever think that your employees want to be as great as the leader. They wish to be like Lazy Mike with benefits, it’s just in their nature. Knowing who is working less and punishing that behavior is your job. You should make clear examples.
- Low productivity. Without clear definitions of goals and responsibilities the train of your success won’t move for even an inch. Alas, even the most detailed and understandable of plans is worthless unless people are actually following it. But how can you tell if every gear is well greased and spinning with just the right speed?
- Low profits and revenues. OK, this is more like the result you are getting from the previous two points, but it is a huge pain for businesses nonetheless. Inefficient management can go two separate ways here. Both will lead to demise. Road one – you haven’t considered the budget properly. Luckily such a misstep is obvious and easily avoidable in the future. Several twigs paired with a couple f cut corners should do the trick. The second road is trickier to deal with as it involves bad supervision over personnel. Managing people can get insanely difficult unless you are 100% sure about what you are doing.
- Total failure. What can be said here? Lack of efficient work organization leads to bankruptcy.
A single solution
It’s easy to have your hands full in over the top solutions that do more harm than good today. There’s even an entire niche today sellers of HR and resource management applications. Unfortunately the lion’s share of them is pretty worthless aside from the pretty wrapping.
Most of the tools are too complex. They even require additional staff to manage the managers. Who needs that if, as we already know that the simplest solution is usually the right one?
Just try using spy keylogger software. You’ll be fascinated with the level of results. Knowing how your team uses the computer, which sites they attend and spend most time at, what they are typing while looking busy can do miracles.
Try out an approach that rids you from the need of making educated guesses about performance of individuals. You will know who is doing what. You will know how where rewards or punishments should take place. Your manager’s decisions will be based on facts. What else can a business owner dream of?
That’s it – a simple solution for a plethora of your needs hides in a tiny, handy app. Just give it a try.