100% Utilisation Is A Business Risk

If your employees are fully utilised in producing goods and services, consider it as a business risk!

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Did you ask why?

It is because if your business is always busy with BAU activities, then the chances are that your business is not thinking ahead.

By thinking ahead, I mean:

  • Keeping up to date with technology trends (Cloud, Business Intelligence, Mobility, Robotics)
  • Continuous improvement (Customer service, Process and Procedures, Value Management, Products and Services and almost everything you do as a business)
  • Executing plans to implement software solutions that will take your business to the next level
  • Executing plans to implement new tools/machines/equipment that will improve business productivity
  • Self-learning of your assets (your staff)
  • Implementing strategic projects
  • Innovation

What is the solution you say?

Invest – Management team should invest their time for Strategic planning. Preparing Business cases for business improvement initiatives, develop 3P (Portfolio, Program and Project) capabilities in-house, develop culture of continuous improvement. Most importantly, during resource planning allow at least 10% of time for ‘thinking ahead’.

Prepare – Prepare road map for ongoing business improvement initiatives, assign responsibilities of these initiatives to your staff, set KPIs and incentive plans for successfully delivering these initiatives , put governance structures in place to monitor progress for the initiatives.

Act – Chances are that you will skip this step and stick to status-quo. However, commit to act on plans and preparation done in above two steps to have a growing business for the years to come.

Good luck!

 

 

 

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