What strategies should a company focus on if it has a low performance level?

When a company is experiencing low performance levels, it is crucial to focus on establishing a solid foundation for improvement. Concentrating on the basics involves honing in on fundamental processes, ensuring that they are efficient and effective, and eliminating any waste or inefficiencies. By simplifying operations and prioritizing essential tasks, the organization can begin to address the root causes of its performance issues.

Using problem-solving teams is also integral to this strategy. These teams are typically cross-functional, bringing together various expertise to analyze problems collaboratively. They can identify inefficiencies, brainstorm solutions, and implement changes that lead to improved performance. The collaborative nature of problem-solving teams fosters a culture of continuous improvement, which is vital for organizations looking to enhance their performance.

In contrast, strategies like empowerment and benchmarking, while beneficial in the long term, may not address immediate performance gaps. Strategic planning and market expansion could be premature if the internal operations are not optimized. Training employees for leadership roles is important but might divert attention from resolving the pressing issues that impact overall performance. Therefore, a concentrated approach on the basics and problem-solving is the most effective strategy for a company aiming to enhance its low performance levels.