For most small and medium-sized enterprises (SMEs), governance is something far away. In other words, measures of good governance are not yet part of daily practice. Particularly explosive growth and/or external demands, for example from an external financier, have changed this to date. Especially to make the likelihood and impact of risks manageable. Oddly enough, because fundamentally every entrepreneur wants to be successful and certainly not fail. Thus, corporate governance aimed at SMEs is actually relevant for every entrepreneur: it is about having control over realizing entrepreneurial ambition. And there's quite a lot involved. Therefore, we will be paying ample attention to this unexplored area in the world of the entrepreneur in the coming period.
Today, Route ICR shares the eighth article from the series 'How to practically implement SME governance'.
How SME Governance Helps You Achieve Your Goals Faster
Amsterdam, October 20, 2021 – Entrepreneurship is simple. However, the hardest part is to keep it simple. But why is that? Let's discuss this in the coming period. And also look at how this problem can be solved. Today, Route ICR shares the eighth article from the series 'How to practically implement SME governance'.
You now know that with an integrated management approach, you are able to maintain control over realizing your entrepreneurial ambition. Through the ICR score of your company, you give structured direction to your business plan and the resulting improvement actions. It's important that you are supported by e-learning and do-it-yourself coaching. The result is a highly developed team intuition, a well-oiled machine, enabling you to achieve your goals faster.
E-Learning to Gain the Right Insights
Learning by doing is the way to structurally improve your company's performance. By maximizing your potential, your team's, and your organization's. In the Route ICR web application, you have the right knowledge, experience, and skills at your disposal through e-learning. In a practical and accessible way. Light-hearted animated videos make seemingly complicated matters understandable. And all the used terms are clearly explained. So there are no more question marks, and you are able to apply what you've learned in your organization. Making the material truly come to life.
Do-It-Yourself Coaching Leads to Process Optimization
Through the ICR score of your company, you coach yourself, your team, and your organization. And you give direction to improvement actions from the 33 ICR objectives. Add up all the time wasted in organizations on the wrong things. If you ensure that this waste is reduced in small, manageable steps, then the investment is more than worthwhile. And through the insights gained, you see how much influence you can exert on the success of your company. The approach per objective, yet in conjunction with the other 32 objectives, is realized in an iterative process between entrepreneur and team. Supported by the Route ICR web application, this interaction continuously feeds the improvement plan, thereby leading to process optimization.
Goal-Oriented Entrepreneurship in the Veins of All Employees
Explicitly documenting vision & approach in the Route ICR web application enforces a goal-oriented business operation. This creates focus and automatisms in the choices made on the work floor. Managing expectations is now a process experienced together by the entrepreneur and the team. And goal-oriented entrepreneurship is in the veins of all employees. Therefore, with e-learning & DIY coaching as tools of SME governance, you achieve your goals faster. And with this, a very important precondition for the successful implementation of SME governance in practice is established!