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Crafting your vision in 2020

It’s amazing to think we’ll soon be in the next decade, and while 2020 always sounded like the distant future, it’s almost here. With the new year approaching and the technological world changing at a rapid speed, forward planning and future-proofing your business is no longer a strategic move but a necessity.

We are at the cusp of the fourth digital revolution where artificial intelligence, robots, and mixed reality are no longer words from a sci-fi novel, they are pretty much the reality of the 21st century. Hence the adage that “Time is Money” has now more relevance in the world of businesses than ever before. Our advice is that you should not wait for any disruption to get the new year’s strategy wheels in motion. Instead, give your business and employees a couple of months runway to get up to speed for a powerful takeoff. If you haven’t started prepping for 2020 yet, don’t fret – it’s not too late to prepare for it now. Here are three ways you can start next year with a clear vision.

Have your business goals defined and communicated?

A fresh year, a fresh start. Before jumping on the bandwagon of setting up new year goals take a moment and put on your critical thinking hats and review your last year’s performance. After carefully analyzing your performance, it’s time to align your new business goals with your vision. To drive revenue and growth in the coming year, you need to establish concrete goals, to which you and your team can be held accountable. The best way to do that is to make your goals “SMART.” Just setting up goals will not do any good for you. You need to set achievable goals that can be tracked and properly communicated from upper management to the lower. Setting and communicating goals will give everyone a clear vision and direction.

Have your business goals defined and communicated?

A fresh year, a fresh start. Before jumping on the bandwagon of setting up new year goals take a moment and put on your critical thinking hats and review your last year’s performance. After carefully analyzing your performance, it’s time to align your new business goals with your vision. To drive revenue and growth in the coming year, you need to establish concrete goals, to which you and your team can be held accountable. The best way to do that is to make your goals “SMART.” Just setting up goals will not do any good for you. You need to set achievable goals that can be tracked and properly communicated from upper management to the lower. Setting and communicating goals will give everyone a clear vision and direction.

Leverage disruptive technology

We may not be living on Mars or traveling to work using jet packs, but 2020 is the year when the world will see transformational changes in how technology impacts our lives. In today’s world technology is as important and as crucial to businesses as the oxygen we breathe in. The technological landscape is changing at an exponential rate making it impossible for businesses to select and deploy the technology that right fits their business needs.

When choosing the right technology that will facilitate in future-proofing your business you need to analyze and consider the following points:-

  • Analyze the technology trends related to your industry and the tools used by competitors
  • Analyze the current stack of technology used and reassess them in light of the goals and vision for 2020
  • Focus on your pain points that could be solved by deploying the right tools
  • Always opt for technology that is scalable and grows with your business
  • Conduct a cost and benefit analysis
  • Consult with your employees and consultants before investing in new technologies

 

Value and upskill your true asset: Employees

You can make bulletproof plans, set strategically fit and mutually beneficial goals but all of them will not bring any success to your business if you don’t have the right people and support of your employees. In the digital age, companies are no longer competing over prices or product rather the true competitive edge is achieved by an organization’s real assets- the employees. The success of your 2020 business continuity plan is heavily dependent on how open and clear your employees on the new strategic plan.

The following steps will empower you to smoothly integrate employees into your organization’s 2020 vision: –

  • Appreciate and reward the employees on their past performance
  • Ask for their suggestions, this will help them in relating to the company’s vision and goals
  • Set aside a budget for training and upskilling your employees
  • Make them feel valued and appreciated

 

Crafting

 

Tying it together

The future was and will always be full of uncertainties, no matter how carefully you plan there will always be incidents beyond your control and force majeure circumstances that will act as a bottleneck. The lesson to learn here is that they are all bottlenecks and not blockers, you can effectively sail through uncharted territories. All you need is a common goal and unified efforts to amalgamate all the above elements together to create a perfect jigsaw puzzle.