Principles are fundamental in every organization and for every individual. Principles are key in order to experience growth; they are defined as the foundational guide for behaviour and beliefs for an individual, group and organization.
Every organization wants to experience development. Workers put in their best to make this happen. However, there are some principles they need to follow, both individually and collectively to achieve high performance in their business or organization.
For the purpose of this article, we will be discussing the principles for high performance in an organization. It should be noted that it can also relate to individuals because it is the individuals that make up an organization. The following are principles which every organization should imbibe in order to experience high performance in their organization.
Every organization has values in which it is built. The key to success in an organization starts its values; it stands as the core in which every decision is made in the company. Simply put, values can be defined as important and lasting beliefs shared by a group of people about what is acceptable and unacceptable. These beliefs individuals hold on to shape their behaviour both in their personal and social lives.
In Corporate Culture and Performance, John P. Kotter and James L. Heskett explain that companies that have strong adaptive cultures built on shared values outpace other companies by a substantial margin. They discovered that, for over a period of eleven years, the companies that cared for all stakeholders grew four times more than companies that didn’t. They also found out that these companies had job creation rates seven times higher, stock prices that grew twelve times faster, and a profit performance ratio that was 750 times higher than companies which didn’t have shared values and adaptive cultures.
Creating core values benefits an organization both internally and externally. It affects the input of the workers which invariably affects their result or output. Core values give an identity to the company, thereby educating clients and potential clients about the company.
Core values are also important in the recruitment and retention of workers. Those whose values do not align with that of the company cannot work efficiently and effectively. This can make them feel burdened and the environment limiting for them which will result in low performance from the individual and that of the company.
Different organizations have core values such as; discipline, integrity and so on. For Elitepath, our core values are this has helped us to be focused and to consistently produce great results.
Organizational values are therefore important because they cause growth and development, also creating the future envisioned by the organization.
The goals of an organization are influenced by the values of that organization. Organizational goals are strategic objectives which the management of the company establishes to outline and guide employees to bring about an expected outcome.
Effective organizational goals are specific, timely, measurable, realistic and achievable. They can be short term or long term; some organizations have both. The long-term goals are usually broken down to short term goals in order to know the progress of the organization within a timeframe. Collectively they exist to achieve a particular goal.
Goals exist in an organization to direct both business owners and employees, they must be clear, without goals, the success of a business cannot be measured. Therefore, goals help members of an organization to direct their actions towards attaining success. Sometimes not all the goals of an organization are met but there can be a reassessment of those goals to know what went wrong and what to do differently.
Organizational goals act as a motivation to members of the organization bringing about attainment of success and satisfaction both individually and collectively.
Learning and growth are essential for an organization to experience development. Learning can be seen as acquiring knowledge, this is linked with growth because acquiring the right knowledge will lead to the growth of an individual.
Every day, things are improved on, we want to know how to do things differently but more effectively in order to achieve our goals. Therefore, organizations should inculcate a learning culture as the growth of every organization is dependent on the learning progress on the workers.
In recent times, efforts have been put by the management of companies for employees to be trained in order to become better at what they do. This has resulted in the improvement of such a company’s productivity and profitability. Also, the employees are satisfied, motivated and have a sense of ownership and accountability among themselves.
It is however paramount that the learning process effected by the organization is in line with the duties of the workers. Also, the management should be involved in this process with the workers, recognizing their efforts and taking feedbacks.
This involves working together with people to achieve specified goals. Tuckman’s theory on teamwork explains the stages involved in creating a team; forming, storming, norming and performing. Individuals go through these processes before finally becoming an effective team.
Teamwork is important in every organization. Individuals come from different backgrounds and are able to bring their uniqueness to the organization. Teamwork helps to balance the differences in the uniqueness of the team members and they are able to share ideas and responsibilities. This, therefore, makes it possible for improvement in work efficiency of workers as tasks are completed faster and accurately.
Members are also accountable to each other and learn from themselves. This brings about growth, for the team members and for the organization.
When an organization experience crisis, it is possible for them to either fold up or for them to recover from it. Resilience, therefore, refers to the ability to recover from negative shocks by maintaining performance.
An organization which is resilient should possess the capability of foresight; planning ahead to prevent a situational crisis. Planned resilience capabilities enable members of an organization to be able to sense changes as they arise, and take steps to reduce any risk. And even if crisis eventually occurs, they are able to manage them effectively.
Also, organizational resilience is derived from its adaptive capabilities. So not only are they able to plan ahead of a crisis, they are able to adapt and evolve through the situation. The key to organizational resilience is having both planned and adaptive capabilities.
In conclusion, we all want to grow; we want to be the best at what we do, I mean who likes to be the last at what they do? There might be more principles to experience high performance in your organization but the above mentioned are vital. By following these principles, your organization not only experiences growth but you also grow.