The first principle of my blog is Creating Ecosystems of Success, and two of its key focuses are Financial Literacy/Money and Business/Entrepreneurship. Capacity building helps increase the efficiency of businesses and organizations. This contributed post is thus entitled, Capacity Building Activities For All Businesses.
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Capacity building helps people and organizations to overcome the obstacles that inhibit them from realizing their business development goals. It is an extremely effective way of developing new managerial skills and supporting employees over the long term. In this post, we will take a look at some of the best capacity building activities that your business needs to try.
Improving access to information and training resources: Leadership and management are not innate skills; they are skills that need to be learned and perfected over time. Providing individuals, who are either in management positions or aiming for roles within management, with access to resources will aid them to improve their leadership skills. Effective leaders empower the rest of the workplace and in doing so increase productivity. Provide access to libraries, textbooks, manuals, online material, training courses and such like. Relevant publications can improve leadership qualities and provide you with greater insight into your niche.
Encouraging open communication: One of the reasons that businesses fail to grow is because there is no communication between departments, employees, management or any combination of these sectors. Communication needs to be more than one person talking and expecting others to listen. It is by its very nature a two-way process.
Collaborative working with HR: Working closely with HR will strengthen your business processes. Working together to create an effective business development strategy is extremely beneficial, especially in relation to training. Successful companies are those that have the right people in the right roles, and that source and provide the right training to support individuals within their roles. The process starts with knowing your employees, their strengths and the areas in which they need support. HR development is one of the most crucial forms of capacity building, and thus reassessing employee roles, training, and support, is a great place to start.
Seek outside assistance: Business coaching such as that offered by James Ray and leadership consultancy firms can provide you with the assistance you require to build capacity effectively. From changing processes, to coaching personnel, to implementing new organizational structures, there are many ways to achieve this, and they will determine the most effective approach for your business.
Coordinating alliances: Finally, becoming a market leader, and staying ahead of others in your market sector, does not mean you have to do it alone. Reaching out to other businesses of a similar size or set-up can benefit both parties. An open discussion of working practices, training programs, and even marketing campaigns, can help you to see areas for improvement that were not obvious before.
This merely scratches the surface of the different types of activities that can increase capacity at your business, with more examples including staffing selection and development, strategic planning, team building, harvesting networking opportunities and much more. However, if you want to start building capacity today, the five points that have been mentioned provide a great place to begin.