10 Tips on Restructuring your Business

By April 23, 2012 February 5th, 2016 Articles

Consider these 10 Tips on Restructuring your Business to ensure the effectiveness of implementing change;

1. People – Make sure you have the right people or change is pointless

2.  Research – Seek out recognised systems for managing change and its implementation

3.  Strategy – Put an action plan together based on your research and your objectives (Be specific and be realistic)

4. Budget – Put measures in place to account for up-front and on-going costs (Be accurate)

5.  A culture of urgency – Ensure that everyone understands the importance of momentum (Be time-bound)

6. Walk the talk – If you expect change, you must adopt that change for yourself in simple steps that can be learned by others

7.  Accountable Leadership – Ensure that each leader is clear on their new responsibilities and is accountable to the team

8.  Incentivise – Outline what’s in it for the team and what’s in it for the company

9. Resources – Provide adequate resources to fuel the momentum

10. Flexibility – Be prepared to adapt to unexpected change

Leave a Reply