No matter your industry, sooner or later you likely will come up against the status quo. The status quo is safe and comfortable; going beyond it can seem risky. After all, organizations don’t want to fall flat and give their competitors a chance to get ahead. However, leaders who are afraid to challenge the status quo tend to be the ones who get left behind. The businesses that experience the greatest success and truly thrive are those that don’t just occasionally challenge the status quo, but regularly confront it. More than ever, companies need to embrace progressive, innovated thinking in all aspects of how they run the organization, from how they deliver products and services to how they manage contracts with clients and partners. A process need not be broken to be challenged. Even when the status quo is working well, it is worth considering how changes can be made to improve operational efficiency. Business leaders should prioritize the processes most crucial to their operations, particularly those that are used frequently or take up a lot of their team’s time and efforts. Strategies such as delegation and automation — or simply adopting new tools that enable your teams to work more efficiently — can vastly improve productivity. Thriving businesses regularly reassess their processes — with the most progressive participating in regular benchmarking forums such as those provided by APQC. Marisa Brown leads APQC’s supply chain research and benchmarking program, which involves over 500 APQC member organizations who participate in regular benchmarking events to evaluate their processes against best practices.“The best companies consistently reevaluate their current status quo. And the very best don’t just settle for seeking a ‘best-in-class’ benchmark – but rather, push to continually raise the bar for their industries,” Brown says. Businesses that are willing to challenge the conventional way of doing things can completely revolutionize their industry. One need only look at how ride-sharing services like Uber and Lyft disrupted traditional taxi services, or how Amazon turned e-commerce from an afterthought to a cornerstone of every major retailer’s strategy. Just about every industry has untapped potential to challenge the status quo. Yoav Vilner, CEO of Walnut, explains how his company is shaking up the way organizations use software demos.“Ever since the birth of SaaS, organizations have been providing generic ‘one-size-fits-all’ demos to their sales prospects. But all too often, these generic demos were ‘one-size-fits-none.’ We wanted to create a platform that would allow clients to create and manage customizable, interactive software demos.”Vilner’s advice? “Today’s leaders need to look beyond what everyone else is doing to find new ideas that help you stand out from the rest.
All data is taken from the source: http://forbes.com
Article Link: https://www.forbes.com/sites/katevitasek/2022/07/11/four-ways-a-thriving-business-can-regularly-challenge-the-status-quo/
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