With the coronavirus causing major economic downturn across all sectors of the economy, organisations require higher levels of leadership and ingenuity to steer through uncertain times, and survive.
I have shared seven ways you can effectively ensure that your team remains committed and motivated through the crisis, while maintaining the business operations effectively.
The primary step is to build strategies with your team and assess various ways to keep the business as a going concern. Take into account potential revenue losses and how that may impact your ventures. Work with your team to create a structure around this. Ensure all stakeholders are properly informed and engaged.
Analyse and Utilise Data
Ensure that you are constantly in the loop with relevant data affecting your business. This data should include government policies, white papers, and forecasts. Data helps you make better decisions to improve organisational strategy.
Keep a good record of your activities, and measure results. As you measure and report your progress, it becomes easy to know what is working and what is not. You can then make decisions regarding the endeavours to pursue, and fruitless ones.
Using your progress reports, make sure you adapt your team functionalities to changing trends in the market. As you notice what does not work, learn what works by studying the models from your data, and apply to your processes.
Communicate & Celebrate
Keep a clear communication system that encourages openness, even with remote work. Make sure all members of the team are on the same page regarding the essentials as it affects works. Boost the morale of members by celebrating milestones and achievements. This will help them feel appreciated and commit more to the cause.
Make sure you are not left in a tight spot as things begin to change swiftly. Be honest and open with team members. Create new expectations, amend old ones, and renegotiate contracts where necessary, taking into account the new realities you face. Use available technology when necessary, and implement innovative practices to ensure efficiency.
Be expressly concerned about the mental and physical health of your team. Provide welfare packages where necessary. If pay-cuts and/or lay-offs become necessary, be considerate and help your team members make adequate plans for the future.
Be sure to display a good commitment to progress, and keep a good eye on the welfare of your team. They will help you through the crisis when they have an assurance that their leader is interested in their all-round welfare.