Every success story is a tale of constant adaption, change and revision….!!!!
Growth is an essential part of everyone’s lives. Be it any industry, every kind of growth such as revenue growth, client’s growth, operational growth is tied up together cause without the happening of one, the other won’t be able to happen. When it comes to operational growth the main factor to increase its growth would be to build best practices for driving efficiencies. But a company/organization could do this only when it has access to the right data, as having access to timely and quality data could take decision making to new heights. And this could make the growth steadily, at a much lower cost, increasing efficiency and eventually revenue.
Problems of poor data:
Growth can be stalled by the usage of poor data. Survey says that 40% of business initiatives fail due to poor data and it affects the revenue rate by 12%.
For a company to excel what it should do is;
- Check if the organization is flexible enough!
- How strong and sturdy the business is.
- If the company is prepared to see unprecedented changes.
As the only thing that could make the business up and running would be to keep altering and changing according to the change in the environment. Revising the existing operational model to review the efficiency of it, and the sources of revenue, whether they are from new customers or existing ones or both equally. Making the data transparent would help hugely in the adapting process of operational models.
Journey to increase operational processes:
Everything in this world is about human connections, so using the relationship data and understanding it would give us a rich upper hand in this competitive business world.
Productivity increase:
Making the right data is a better way for them to work more effectively and efficiently. Thus, increasing their wellness, happiness, and satisfaction as this is also a measure of improved performance and not only profit.
Team selection:
Selecting and aligning of team members for each team should be done properly as these teams are the key elements in bringing sales, creating more target to outreach, and marketing to make it successful. All this could be done effectively by the guidance of the right data.
To drive the company to growth, automating relationship data could be used as they would increase the efficiency of operational processes, with some certain key areas across a business such as; people, technology, process, and place.
