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Making
Your Department
a Strategic Partner
The economy in the past several years has
changed the way organizations conduct business. The shift
in demand, expectations of employees, advertising,
unemployment, downsizing,
global markets, mergers, and acquisitions have
caused organizations to rethink how to do business.
At least the businesses that want to survive are rethinking
their approach to stay alive and competitive. With
the expansion of the World Wide Web, we are in a global
market whether we like it or not.
Organizations must work more efficiently
and effectively than ever before to be successful. Strategic
plans must be implemented and reviewed on an ongoing basis.
Marketing, Finance, Operations, Human Resources, as functional
departments, must align themselves as a Strategic Partner
with corporate management.
The function of each department
today should be to increase the stock price, add to the
bottom line, and improve efficiencies. This can
be a paradigm shift for some to consider. But, in order
to survive in today’s and the future’s market,
we must assertively become a viable Strategic Partner!
Indications
that a department is a Strategic Partner:
1) The department manager reports to the highest-ranking
official in your division or location.
2) The department manager participates on the Sr.
Management Team.
3) The department manager is asked to attend operational
meetings, or events for your organization, or industry.
4) The department manager is on the distribution list to
receive a copy of the monthly financials.
5) The caliber of conversation
the senior executives in your organization have with the
department manager is about new product lines, new services,
capital expenditures, or where to locate a new facility.
If the department is not there yet, it can
be. Be prepared for a slow change as it can take
two to five years to make that change, depending
on organizational size and the view of the department from
top management.
There
must be a different mindset in order to change.
When you think differently, you act differently.
Remember, your place is a Strategic Partner
at the corporate table, not just a department operating
within the organization.
Suggestions
on how departments can become a Strategic Partner:
1) Ask to be put on the distribution list for
your organization’s monthly financials. (If you don’t
know how to read and understand the financials, take a course
or buy a book to further educate yourself.)
2) Understand the organization’s goals, objectives,
mission, vision, and timeline.
3) If the department is not participating on the Sr. Management
Team, get there. Ask for a place at the table, for every
meeting.
4) Develop a Departmental
Strategic Plan that includes one, three, five, and 10 years
out. Determine what the goals, objectives, needs, and budget
is required.
5) Publish five to seven strategic goals every year that
support the organizational goals.
6) Quantify the department’s monetary (bottom-line)
contribution annually and publish it.
7) Become a business partner.
8) Read business publications
and books that deal with global business issues.
9) Consider outsourcing functions to save
money and build expertise. Use consultants to identify areas
to improve effectiveness and efficiency.
10) Take time in every departmental staff meeting to educate
everyone about the business and its revenues, expenses,
and future plans.
Do not take no for
an answer. Keep asking the
questions. Make sure that goals, plans, and decisions for
the department are in line with the organization’s
goals. Publish the bottom-line numbers for the department
on a regular basis. Each department, Marketing, Finance,
Operations, Human Resources’ goal is to be a business
partner, a strategic partner. |