Business productivity is essential within a business's operations and an organization's people and culture, as it is what makes the difference between sustainable growth and stagnation.
To achieve this, some practices can help you improve the overall performance of your teams and your organization. From implementing technology to improving internal communication, there are actions you can take.
In this article, we share 10 keys to improving business productivity, explained simply and practically, so you can identify opportunities for improvement and apply them according to your company's needs.
Business productivity refers to all actions in which an organization invests resources and can get the most out of them, that is, it is the ability to generate more results with fewer resources.
This is important because it helps to:
To achieve the above, it is essential to take into account certain elements that will boost business productivity:
Employees are the driving force behind any organization, as they are the ones who execute strategies, ideas, tactics, and more to achieve the established goals.
For this reason, it is key to have good professionals and employees, that is, to hire the best profiles to provide maximum value to the company.
When companies do not define precisely where they want to go, they cannot move forward with confidence. Having clear and measurable objectives helps guide teams and evaluate whether actions are working or changes need to be made.
To do this, the entire organization must know what it wants to achieve, in what time frame, and with what resources. These must be specific and realistic goals so that they can be translated into concrete actions for each area.
They must be measurable because what is not measured cannot be improved. To do this, you can use the SMART methodology (specific, measurable, achievable, relevant, and time-bound).
Business productivity depends not only on the efforts of teams but also on the processes that are carried out. Sometimes, unnecessary steps cause a loss of time and resources that could be used for other important tasks.
When optimizing processes, it is essential to analyze, redesign, and improve internal activities to streamline and simplify them. This does not mean doing more with less, but rather doing it better.
There are different methodologies for doing this, such as the Kaizen Method, which promotes continuous improvement; Lead Management to eliminate waste; and Six Sigma, which seeks to reduce errors and variations in processes.
Technology is a strategic necessity. Digitizing processes allows you to automate tasks, reduce human error, and focus time on higher-value activities.
In this way, by improving operational efficiency, internal communication is strengthened and decision-making is optimized, multiplying business productivity.
To do this, there are options such as CRM, ERP, project management systems, automation software, etc.
Sometimes, fear of change can hold companies back, but not embracing digitalization is a mistake that can lead to errors, slowness, and lost opportunities.
Internal processes and the quest to improve them are among the most important elements to work on to boost business productivity.
Studying your current business model and finding efficient alternatives in terms of production, administration, marketing, and sales allows you to make intelligent use of your company's resources and talents.
Thus, by implementing new technologies and providing adequate training to your teams, your company becomes more competitive and helps create new procedures, products, or services.
Find different ways and actions to improve results, the work environment, and human development.
Measuring employee performance provides insight into what is working and what needs to be adjusted to achieve better results.
It is important to devote time to this task because, in the daily routine, it is difficult to see real progress. However, by implementing a culture of continuous analysis, it is possible to:
The elements to be measured will depend on the type of company, but there are some key indicators (KPIs) that are useful for almost any company: productivity by area or employee, project profitability, internal satisfaction index, etc.
The key is not to measure everything, but to focus on what drives the business and to be consistent in your monitoring.
Communication is essential for improving business productivity, as good internal management makes it easier to plan and execute action plans in line with the organization's objectives.
To achieve this, work must be done on both:
This is aimed at employees and is a very important practice because it helps to:
This is used to promote the brand and interact with the target audience. For example, through platforms such as Facebook or LinkedIn, it is possible to generate a link with people interested in a company's products or services and promote a positive image.
For a company to have good solvency, it is necessary to manage working capital intelligently. This allows for a timely response to financial obligations, the creation of positive business conditions, and better results.
This improves profit margins and business productivity. Having greater resources allows for investment in skilled labor and more innovative machinery, which is essential for greater competitiveness and expanding market share.
Business motivation is vital for maintaining a positive attitude among employees and helping them realize that the tasks and actions they perform are essential to the functioning of the company.
For this reason, it is important to create policies that promote the well-being and satisfaction of employees, fostering a work environment in which they feel comfortable and identified with the guidelines.
This should not only translate into better salaries, but also into activities that help develop human capital, such as recognition, training, etc., which boosts business productivity.
Finally, there are times when looking inward is not enough. When a company is stagnant, undergoing transformation, or wants to leap in productivity, having an outside perspective makes all the difference.
In this sense, specialized consulting can be a key ally in making better decisions, as it is not just about imposing solutions, but about providing a different and objective perspective, proven methodologies, and strategic support.
Through consulting, you can:
The value of consulting lies not only in analysis but also in providing support to implement the proposed changes. The best consulting firms work hand in hand with internal teams, respecting the organizational culture and adapting each solution to the real context of the business.
If you want to achieve this and more, London Consulting Group can help you. We have experts who can transform the way you operate, achieve measurable results, and improve the profitability of your business without compromising quality or the well-being of your team.
Our approach is hands-on, strategic, and completely customized. We get involved in the operation, work hand-in-hand with your team, and design solutions that truly impact the day-to-day of your business.
Let's talk! We'll show you how to implement real improvements from the very first assessment.
With London Consulting Group, business productivity is no longer a distant goal but an achievable reality.