Inefficiencies arise and hide in many places. You might identify slow, clunky or redundant processes, hard-to-find information or obsolete procedures – or worse – no procedures at all.
Many corporations struggle with unnecessary complicated processes. Others, in an effort to run toward the latest in technology too quickly, implement too many new systems and get stuck trying to do it all. Some of those companies will give up and abandon their grandiose plans.
Avoiding these trappings requires an awareness of your corporation's capabilities. If your business suffers from these issues, your ability to improve efficiencies depends largely on how well you can spot what's slowing bogging you down.
A "how do we build a better mousetrap?" mentality is invaluable in order to open your eyes. Feedback from employees and consumers is a trove of information you can use to streamline your business model and part with those inefficient, resource-sapping processes and search for better ones.
Maybe you are renting 3 or 4 car services per week to travel for business. Maybe you are buying every employee a round-trip ticket on a large commercial airline.
Maybe you thought you were getting a great deal then once you added in all of their fees, you know better. How many hotel rooms do you generally book for a trip? What kind of drain on the bottom line is staying overnight in a new city? Add in food, dbeverages and entertainment – plus the stress of being away from home. Maybe you are using your own employees to book your company’s flights. Maybe you, yourself make the travel arrangements. Is this efficient? What are you really really saving? In the end, you're probably losing more than just capital.
Taking risks is a key part of exposing inefficiencies. It can be alarming to move away from processes that only seem to have stood the test of time. Your reward, though, is discovering which practices are no longer relevant to modern businesses. Every entrepreneur must learn to evaluate unexpected opportunities and have the courage to investigate them. Doing so drives industries forward and propels individuals and companies to success.
Failure will tell you more about your business than successes. Failures prove to be cautionary tales for future tasks, whereas repeating the same past successes will cause stagnation.
Air travel is more than transportation. More fully integrating the whole machine revealed still more ways to increase efficiency. Research supports this. A study commissioned by Google found an 81 percent positive correlation between collaboration and innovation within a business.
Every plane needs some fine-tuning now and then -- a little oil to keep it running smoothly. Even a very successful business stands to benefit by proactively searching for new, more efficient methods.
Taking risks is an important part of exposing inefficiency. It can be daunting to move away from processes that seem to have stood the test of time. Your reward, though, is discovering which practices no longer are relevant to modern business needs. Every entrepreneur must learn to evaluate unexpected opportunities and have the courage to explore them. Doing so drives industries forward and propels individuals and companies to success.
Properly integrating digital solutions can improve efficiency in numerous ways. Technology can automate time-consuming tasks, allowing employees to focus on things that require human attention. Faster, easier communication is a consistent result of digital integration. Reports are generated and shared more quickly, problems come to light sooner and employees can collaborate more easily with one another and your customers, too. Thorough digital integration is truly a must-have to boost efficiency.
Your plane might fly, but if its landing gear doesn’t work, you're much better off taking the bus. Consider the entire machine and how your business and product fit into a larger picture.
Some "solutions" may need to be removed from the travel process.
Perhaps not every industry can be so thoroughly involved with its consumers and not every department can integrate with others. Limitations can be perceived or very real. Either way, being aware of the bigger picture is an essential part of providing efficient services. Understanding where the need for your services comes from and how they will be used allows you to anticipate and respond more authentically to consumer needs.
Risk is a necessary component of business. What if we are mistaken about which kind of changes needed? Maybe the industry worked the way it did for an unseen reason. Would changes make a positive difference? Would willingness to explore possibilities lead to shaping a new business travel model in your own company?