Inappropriate Practices Cause Business Stagnation

Businesses Can Get Stuck in Vicious Circle:

Inappropriate practices cause business stagnation by eroding effectiveness. These can be termed as bad habits and they are caused by absence of management systems leading to unhealthy business hygiene. Compromised business health pushes businesses into a vicious circle where with each attempt aimed at solving the surfacing problems, businesses unknowingly and unwillingly create even more intense , bigger and higher level problems.

Here is a Quick List of Parameters Indicating Compromised Business Hygiene

Given below is the list of a few observations that serve as warning signals for businesses warranting timely course correction

Downward trend on performance and productivity matrices while competing businesses are doing well in the same market
Challenges on account of employee engagement and retention
Rising costs of new customer acquisition
Declining profitability leading to financial crisis and bottlenecks
Focus on fire fighting instead of building strategic planning and effective management systems
Dwindling customer satisfaction due to unfulfilled business commitments and quality issues
Clear lack of team spirit, leadership drive and motivation

In case the above conditions continue to hover around businesses , it is a clear indication of an emergency that needs to be addressed on a priority basis.

The author of this post is a business coach and can be approached for customized training and consulting solutions by clicking here.

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