Highly effective and the most successful
businesses thrive on
habits and corporate culture; the habits to stay ahead of their competitors. Habits are very strong and great determinants in building powerful enterprises. Just as poor habits influence the
growth and development of a company, so does healthy habits.
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In this article, we highlight five habits of highly effective habits.
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Build A Culture Of Trust And Support
The most successful companies build a healthy culture among employees and support them with rewards and opportunities. The best companies create a good health and welfare system for their employees. Powerful companies support employees with tools and top-notch facilities to work with. Highly effective companies also spend so much on stocking up their workplace with state-of-the-art facilities.
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Collaborate Across Board
Successful companies rather collaborate than compete. Highly effective companies always seek to employ and outsource jobs to other talents and companies rather than being stuck. These companies collaborate with other companies with similar goals, objectives, and tools when there is an opportunity. They watch out for what their competitors are doing and improve on it.
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They See The Future In The Present
The best companies foresee the future and start right away. Rather than get distracted by what rivals are doing. They focus on the future and put forth the latest innovations in front of their audience. They are solution-driven, always looking for the next big thing to invent and innovate and put ahead of their competitors. Leading companies have a nose for trends, and in fact, invest heavily in research that projects the future. Like Space X, highly effective companies start trends, shape the future and lead the future. As a business leader, you look insightfully into ten years in your industry and know where the industry is moving.
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Carry out Risk Management Across Board
Leading companies are risk-taking entities and they spread risk across boards to reduce the effects. They shape the organisations to suit present risks and even place strategic plans on how to upscale in times of crisis. Furthermore, leading companies know how to ensure that they do not get choked up by risk, therefore, they split the risk among stakeholders where they can pool their resources towards managing it.
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Open To Change
Also, companies should be open and adapt to change. They should be change-makers and expect their employees to be abreast with changing business practices and be flexible rather than rigid. Leading companies give their employees a level of autonomy to bring in ideas or navigate change through independent thinking. Furthermore, leading companies put in place playbooks that come in handy during emergencies. During the pandemic, leading companies were able to create a resilient atmosphere to accommodate changes and unforeseen circumstances.
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This article was first published on 2nd November 2021
nnaemeka-emmanuel
Nnaemeka is an academic scholar with a degree in History and International Studies from the University of Nigeria, Nsukka. He is also a creative writer, content creator, storyteller, and social analyst.
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