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 eleventh article from the series 'How to practically implement SME governance'.
Productivity and Returns Increase through Motivated Employees
Amsterdam, December 1, 2021 - Entrepreneurship is simple. But the hardest thing is to keep entrepreneurship 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 eleventh article in the series 'How to practically implement SME governance'.
Motivated employees ensure that productivity and returns improve. To achieve this, it greatly helps if the 9 ICR growth principles are adopted. And this is feasible within every SME organization, as the practical online Route ICR web application supports the application of these principles. This makes it easier for employees to think along and contribute to a shared vision and approach for the company. And it is precisely this that ensures that everyone is on the same page. And stays that way. This has a positive effect on involvement and motivation, provided you are continuously engaged with it.
Setting Goals and Being Innovative
Actually, SMEs lend themselves very well to continuously working on an organization that runs like a well-oiled machine. The small scale offers the chance for a strong bond of trust with each other and for flexibility. And with that, the opportunity to work intensively together and to respond to changes in the market & society. Setting goals together, making plans to achieve these goals, and above all, being innovative. Innovative in all areas. In addition to innovations in product and/or service, also innovative in the application of ICT possibilities, the use of HR tools, the execution of processes, etc. In short, tapping into the talents of your employees. And if you do what you enjoy and are good at... that's very good for motivation!
Using Progressive Insight in Process Optimization
And then execute the plans to achieve the set goals. A well-oiled machine doesn't just happen. It is a process that always continues. Where you continuously learn from and with each other. This progressive insight is used to further optimize processes. You gain insight by measuring actual performance and comparing it with the performance you expected from your plans. And you do this for a reason, because more productive teams don't just happen. Learning from what doesn't go well, but also learning from what does go well.
Celebrate Big and Small Successes Together
Once you commit together, the implementation of SME governance in practice only tastes like more. Therefore, definitely celebrate all big and small successes together. Because good effort and hard work are important, but it's just as important to enjoy together what has been achieved. Thus, motivated employees lead to higher productivity and higher returns.