Planning gets all the cachet and all the ink, but the most creative, visionary strategic planning is useless if it isn’t translated into action.  Especially now, in a sluggish economy, execution takes on greater importance.  It’s what separates the companies that prosper (experience “thriving profits”) from those that simply survive or go under.

The execution phase forces the business owner to translate their broad-brush conceptual understanding of their strategy/plan into an intimate familiarity with how it will all happen –

·         Who will take on which tasks in what sequence?

·         How long the tasks will take?

·         How much they will cost?

·         How they will affect subsequent activities?

 EGS resources come alongside the client company leadership team to provide a bi-monthly accountability rhythm to the flawless execution of the strategy/plan that guarantees “thriving profits”.

“The enemy of communication, we find, is the illusion it has taken place.”

Effective communication = Successful use of the 2-Way Communication Model

Explore the fact that Communication isn’t the objective of good leaders.  Understanding is the objective. Communication is simply the most important tool for accomplishing Understanding.

In simple words, Understanding is nothing but the presentation of views by the sender in a way best understood by the receiver.

Explore some important factors that impact effective communication and enhance understanding:

·         Active listening

·         Simplicity

·         Straight forwardness

·         Feedback

·         Speaking clearly/articulation

·         Knowledge of the receiver / audience

·         Relationship between the sender and the receiver

Many organizations treat their employees like they’re a dime a dozen. These companies think that even their best workers can easily be replaced, particularly in today’s tricky economy where there’s no shortage of folks looking for work. 

They’re wrong.

Great businesses understand the importance of keeping their employees for a long time. In doing so, they don’t have to regularly spend the time and money necessary to replace employees – which could devastate their bottom lines.

Employee retention – the “why”

Three main reasons why employee retention is of critical importance:

1.    It is extremely expensive to lose an employee – lose of knowledge

2.    It is extremely expensive to lose an  employee – lose of productivity

3.    It is extremely expensive to lose an employee – opportunity cost

Employee retention – the “how”

The following are 10 ways to boost employee retention:

1.    Train your Managers

2.    Onboarding and orientation

3.    Employee compensation

4.    Communication and feedback

5.    Annual performance reviews

6.    Training and development

7.    Recognition and rewards systems

8.    Work-life balance

9.    Flexible working arrangements

10.  Fostering teamwork

Most owners don’t seem to have the time to do the items listed above, but they seem to have the time to source and interview new employees after missing revenue opportunities and worrying about missed deadlines, because they lack human resources.

Effective communication in the workplace can have a significant impact on nearly every aspect of a company’s productivity and success. Understanding potential communication barriers, as well as communication strategies to overcome them, can yield more effective employees and promote more successful communication at work.

Explore the most common barriers to the successful use of the 2-Way Communication Model and explore the strategies that may be employed to overcome the barriers.

The strategies may be reduced to four categories:

1.    Nonverbal communication strategies

2.    Active listening strategies

3.    Verbal communication strategies

4.    Written communication strategies