The time for
doing a quarterly report is something many people in the corporate world dread
the most. It’s the time of year when expectations have to be met. Failing to do
so could have terrible consequences for the company. Blame will start to run
around and it could further weaken the team.
it’s time to do the report, you have no choice but to be honest about it.
Whether you met the expectations or not, it’s okay. You still have time to make
things up and you need to dedicate your attention on the next steps to take.
Find out what
You can’t move
forward unless you determine what went wrong during the quarter. The goal is
not to blame someone in the company, but to know what needs to be avoided in
the future. If you can’t analyze
the situation, you will move forward and repeat the same mistakes.
assistance to those in need
There might be
specific groups within the company of individuals within a team who caused the
failure within that quarter. If you already determined who they are, it’s time
to help them out. Again, the goal is not to blame anyone, but offer assistance.
You already understand that their failure could impact everyone else in the
company. You can retrain the people
involved through seminars, workshops and orientations. You can also work
with them closely by asking for regular updates. You have to immerse yourself
within the group so you will understand their work process. You can also inject
your ideas all the time.
Back then, it’s already
tough to compete in a concentrated market. When you have fierce
competitors, you can’t relax on your marketing strategies. It’s even more
difficult these days since anyone can grab attention and go viral. Therefore,
you need to find an advertising strategy that will captivate audiences. You
need to find a way to increase your visibility in the market. You lost
customers not because your product quality changed, but because other companies
took them away from you.
Energize the team
As a leader, you
feel terrible after seeing your company
fail this quarter. Despite what you feel, you can’t let it show. You need
to remain tough. Your team relies on you. If they feel like you’re already
losing hope, they might feel the same way. Therefore, you have to be the
cheerleader. It doesn’t matter how frustrated you are, you need to remain
optimistic. The rest of the employees get their strength from you, so you need
to provide it to them.
You don’t have
to dwell on the fact that you lost this quarter and you still have a lot to
catch up on. Focus on the possibility of making it up next time. You have lots
of chances and your determination will go a long way.
and featured image from https://www.clearpointstrategy.com/wp-content/uploads/2017/04/56-Strategic-Objective-Examples-1280×720.jpg
image from https://www.forbes.com/sites/maynardwebb/2016/08/23/7-ways-to-re-energize-your-team/