How to know when you’ve ‘arrived’.
Mpowered’s navigational B-BBEE guide final part
If you’ve read our previous two blogs, you’ll know that you’ve survived a plane crash, are in the Karoo, and are trying to navigate your way back to civilisation. In B-BBEE terms that means you’ve discovered that you need a clearer B-BBEE strategy (here), determined how to progress to a destination (here), and taken stock of the tools available to measure your progress (here).
It’s been a long, arduous trek through some gruelling terrain. There’ve been many times when you were tempted to give up. But you kept your ultimate vision in mind, and that’s what has kept you going.
In the desert analogy, arriving at your destination is a pretty limited experience. For example, you and your group finally reach the building that you had spotted in the distance a few days before. It turns out to be an old farmhouse. At first, you wonder with a sinking heart if it is abandoned, but then you spot an elderly lady standing out front, watching your group approach with disbelief. The shocked farmer’s wife invites your group inside, offers you water and food, and starts to phone around for rescue services. That first sip of cold water — in the shade of the farmhouse patio — is a sublime experience! But it pales in comparison to the ‘ultimate’ arrival – the visualisation that has kept you going: that moment when you get back home and are reunited with the ones you love.
‘Arriving’ in B-BBEE terms is much less discernible. How do you know when your B-BBEE strategy is achieving the goals or vision you set for yourself? Years after you have implemented it, has your transformation plan actually transformed your company? International consulting firm McKinsey conducted a global survey to discover some of the traits that successful transformations share.
We’ve combined some of these insights with our own to produce a set of questions that can help you gauge your success.
1. Conduct An Internal Skills Audit.
The point of this exercise is to determine what skills exist in the company. From there you can get a sense of whether they are being leveraged in the positions that employees currently hold. If not, does that person have a career plan mapped out (with guidance and support from your staff) to move into such a position?
2. Do Your Managers Focus On The ‘People’ Issues?
One of the strongest ‘take-outs’ from the McKinsey survey showed that, in the case of successful transformations, managers focused on issues that involved relating people to each other. For example, they fostered collaboration between leaders and employees. They also ensured that employees’ capabilities were built upon. Do your managers have this vision?
3. Do Your Employees Have An Avenue For Continuous Growth?
Almost 70% of respondents to the survey said that their companies’ transformations led to a greater capacity for continuous improvement. There were two main reasons for this: one being that staff gained new skills through the transformation. The other is that the companies’ cultures became more supportive of innovation and improvement.
4. Did You Follow Our Advice In The Previous Two Blogs?
Okay, that sounds a little preachy, but the survey found that nearly three-quarters of companies that were “extremely successful” in meeting their transformational goals broke down the process of the transformation into specific, clearly defined initiatives. Which is what we’re recommending you do, using tools to assist the process. So, stick with us, and your chances for success will heighten.
5. Look For The Success Stories Of Those You’ve Trained.
One way of gauging your company’s success is to speak with some of the individuals who have been personally uplifted through your programmes. Have a frank chat with some of your business’s interns and trainees, or the entrepreneurs that you have worked to assist. Gauge whether your efforts have helped them achieve their goals and dreams. If they have, share the story with others and recognise this for what it is – a life changed for the better!
There is often a beginning to transformation, but no end. So the question of whether you’ve arrived is one that must be asked over and over again. Use these five points as a way of getting a handle on your efforts as you journey.
Thanks for getting lost with us! We hope this has been an insightful expedition.
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