Motivation in a time of disruptive change can revitalize a business…
Major change is destabilizing, whether through reorganization, mergers, a sales slump, cost-cutting programs or the increasing pace of disruptive technology. Rapidly changing marketplaces, customers, and technologies means that motivating, empowering and inspiring your organization is critical to not only address immediate issues but to maintain the organization’s performance into the future. Change affects management and employee morale, enthusiasm, creativity, innovation, decisive leadership, productivity, profits and share price and puts companies at risk of losing pivotal people.
The executive attrition rate in merged entities is twice the average and in the year following a merger, sales typically dip 5 to 8 percent. Similarly, cost-cutting can jeopardize the retention of major staff even when their positions are secure. Loyalty is diminished and downsizing by just 1 percent can lead to an average 31 percent increase in staff turnover. Rapid technology changes as are currently being experienced puts key people under stress as responsibilities and performance demands increase.
Not all change is external. Employees are changing too, work – lifestyle balance and employer demands create significant employee stress and insecurity. The uncertainty major change brings can quickly erode employee commitment, so motivation is crucial for long-term business performance. We cannot expect the motivation techniques of the past to continue to work on a new age of employees who are looking for something different, something more personal, something they can own.
Bob provides inspirational examples, team building and other proven success tools, butexpands on it to include the tools essential for tomorrows workplace: the role that corporate culture plays in employee motivation, Interaction, innovation and inventiveness to create an environment where employees want to spend time, keep morale high, increase productivity and retain good employees. Clear communication of goals and expectations, empowerment, encouragement and acknowledgement also inspire and motivate. Successes are celebrated, failures reviewed.
Bob Pritchard educates, inspires and motivates creating exceptional results.
Find out why Tim Draper, the world’s leading venture capitalist. . . Hotmail, Skype, Baiduetc … says “Pritchard demystifies all that is sacred in Business and Marketing. If you follow him, they will come”
Bob Pritchard BSc. AISMM, CSP
Thirty years as a global business troubleshooter; 1940 business workshops and presentations, including 91 Fortune 500 companies in 63 countries on Change, Leadership, Customer Service, Thinking Outside the Box and Motivation: Daily business newsletter to 1,730,00 business executives. Business Radio Host with an audience of 550,000 business owners and executives. www.marketforceone.com