– Why the 3 Alphas –
3 Alphas in Management is written using very easy anyhow effective and proven management techniques that I have been using in my about 30 annuals in senior management locations in varied industries, including as a Vice President with a great multi-national corporation (MNC) and as a Group Executive Director of a public listed company (plc).
The emphasis of 3 Alphas in Management is on the formation of groups, understood as circles, involving each class of personnel in the organization to establish a cohesive work coerce with a sense of intention within a customer-centric organization.
Circles are accustom to indicate a roundtable air and context, whereby all the surround participants are equals and are also equally major.
No an is left out, and in fact, no an should be left out.
After all, all employees are also consumers and are customers and their ideas and input on how one organization can be more customer-centric are valid and as such, should not be deducted or overlooked.
3 Alphas in Management starts from the 3As to the 3Zs.
I believe that the list is non-exhaustive.
But instead, I hoped that the 3 Alphas in Management will motivate your organization to create their own customized 3 Alphas.
For sample, I have used “Ideas In Improvement” for III (3Is), but also valid would be “Investing In Intrapreuners” or “Innovations In Industry” etc. etc.
– The 3 As – Against Any Adversities –
– Overview –
It has constantly been said that the greatest funds of any organization is the people that work for them.
Every organization is built on the strength of the people that work for them, the stronger the people are the stronger the organization will be.
Unfortunately, numerous unions not have the opportunity to test the strength (or weakness) of their people until it is too late, that namely, in the face of astute adversity.
It is therefore quite important and highly critical to the continued success and survival of any organization to groom and practice their people to be able to face up to any adversities.
Thus, the first of the 3Alphas of Management looks at preparing the organization “Against Any Adversities”.
No one plans for adversities to happen. So, most of the period they do not plan on how to overcome them.
Also, most people feel and believe that catastrophes will only happen to the other person and not to him. Similarly, organizations used to believe that misfortunes will merely beset and befall others, hopefully their antagonists.
However, nothing is further from the truth. Mishaps, casualties, adversities, calamities, calamities happens everyday and to anyone. It knows no favors and owes no favors.
So are you and your organization ready to face any adversity that may beset you ?
If the response is YES, you tin bounce to the next 3Alphas in Management, but if it is a NO or even a MAYBE, read on.
What sort of adversities could beset your organization?
The list is non-exhaustive, but let us see at a few and penetrate how well you and your people are ready to face them.
- Senior treatment replacement policy
Most organizations have in place a very well planned and executed Succession Planning Program.
Do you have one?
It is actually quite simple but some organizations ascertain it quite laborious if necessary impossible.
The first question you need to ask is:
Amongst your key personnel, who in your organization are currently irreplaceable and indispensable?
Is it the landlord, the Chairman, the President, a Vice President, who, absolutely who?
The next answer to query would be:
What happens whether these individuals are no longer with the organization?
Then ask yourself:
How can we blueprint for this eventuality?
The question works on and on, but unfortunately all these questions absence answers.
Do you promote internally?
Is anyone ready to take over?
Will the human replacing him have the essential learning, experience, qualification and maturity to take over?
Do we employ someone from outside?
Will he be compliant to come?
When can he come?
Will we be able to supply him?
Will the workers adopt somebody from outside for such a senior position?
Questions, questions and more questions !!
That needs answers, answers and more answers !!
- Loss of Key Assets
Next, ask yourself:
What happens if our production factory were to be demolished, by fire, floods, outbreaks?
Are we arranged and ready to begin making elsewhere the next day?
Are there other manufacturers who can industry for us?
Will we be able to encounter current orders and commitments?
Will purchasers leave us for our competitors?
Hey, are we even assured?
I calculate the picture is very clear and I do not must argue any additional adversities that could probably beset your organization.
– The Circles –
What is necessitated is for you to set up Risk Management Circles in your organization to prepare your organization “Against All Adversities”.
The Risk Management Circles (RMCs) that could be set up are
- RMC on loss of key personnel
This RMC would identify all key personnel and determine the risk exposure to the organization and ways to minimise or mitigate this risk in the event of loss of these employees.
- RMC on loss of key assets
This RMC would identify all key assets and determine the risk exposure to the organization and ways to minimise or mitigate this risk in the event of loss of these assets, particularly assets used in the production of goods and services for bargain.
- RMC on loss due to infidelity
This RMC would identify all losses that may be incurred due to infidelity by key management staff and determine the risk exposure to the organization and ways to minimise or mitigate this risk in the event of any doing of infidelity.
- RMC on loss of data
This RMC would identify all key message data and resolve the hazard exposure to the organization and ways to minimise or mitigate this hazard in the accident of loss of these data, particularly data which are thought critical because the day to day operation of your organization.
- RMC on industrial espionage and loss of trade secrets
This RMC would identify all key trade mysterious data and information and determine the risk exposure to the organization and ways to minimise or mitigate this risk in the event of loss of these secrets, particularly trade secrets that have given your organization the guiding corner in your manufacture.
– Methodology –
Circles are used to denote a roundtable atmosphere and environment, whereby all the participants in the Circle are equals and are also equally important.
- The Circle would be set up by the Management
- The Circle will be made up of personnel from assorted ministries or divisions
- The Circle will have a facilitator and not a Chairman, and a Secretary
- Minutes, to be taken by the Secretary, will not be taken verbatim, but only the cardinal points and the decisions are recorded. This is to assure that participants will be willing to express themselves and their ideas and cares freely without fear
- The Circle would then be empowered at the Management to:
- Identify the possible risk within their defined place, example on Loss of Key Personnel
- Discuss ways to alleviate or minimize these risks
- Make a proposal to the Management on the likely steps needed to be taken to overcome or minimize the risks
- Design the Reporting Formats to be used to document the risks and the steps taken to mitigate them
- Monitor the progress of the organization’s implementation of the mitigating steps
- Report to Management on any “current” risk that they foresee
- Report to Management on anyone failings in the implementation of the mitigating steps
– I ambition proceed posting treatises aboard 3 Alphas in Management until the 3Zs (ZZZ), merely not necessarily in organic order.
– Email me and I will reserve you accused when they are ready for issuing.