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 Executives are constantly looking for breakthrough strategies that will give their companies a competitive edge. Once those strategies are formulated they become operating plans and departments are charged with carrying out specific activities. Finally, it's up to individual employees to execute and support those plans.
According to a survey conducted by Right Management Consultants, 30% of all executives and managers are lacking in management skills, including communication skills. The skills most often missing include the ability to engage others in strategy and vision, to help subordinates develop their talents, to communicate, to share information, and to motivate co-workers.
What happens if strategies are not well communicated?
What if cultural barriers stand in the way of progress?
What if employees lack essential skills to accomplish their work?
Brilliant ideas are only as good as the organizations that nurture them and the employees who execute them. Enduring business success happens when companies have the organizational capabilities to transform good ideas into market value. These organizational capabilities are formed by the collective skills of the employees. With this in mind, executives might do well to consider whether their organizations would benefit more from a brilliant new strategy or a plan to upgrade employee skills. Intangible assets, such as employee business skills, culture and leadership may be the key to achieving more successful business results.
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