There are no secrets to success. It is the result of preparation, hard work, and learning from failure. – Colin Powell
To understand the true meaning of the failure, you have to put money, cost and opportunity put aside and deal with the fact on a simple level. Business is beyond these conventional aspects that seem to mislead project managers and top-level executives into the wrong direction. Every project that fails will have takeaways that mean you need to learn from the failure if you happen to ignore the learning part and move onto the next deal without being thoughtful about the crash then only you can term it as a failure. As long as there is learning.
Decision making is the key functional aspect where a lot of companies tend to go wrong; in fact, it is the single most important factor that can decide the fate of the project. More often than not; projects find themselves caught in a confusing web of ego clashes, conflict of interest and personal preference that is prevalent among the project managers and top-level executives. While top-level executives get afraid of losing their position by giving the reign to the managers, project managers find themselves caught in a deadlock situation; neither they can take the right decision, nor can stop the wrong decision made by the top-level executives.
Therefore, you require having roles defined and decision-making process streamlined to go beyond the corporate philosophy that stands as a major roadblock between the success and failure. And it is easier said than done; to materialize a transparent decision-making protocol, you might need to restructure the organization value and philosophy. If your company works under the aegis of the top-level management team, then breaking down their arrogance might seem to be a difficult task; however, that is the only way out of the decision-making issues that suffocates your projects to death.
It is likely for the startup companies to get enthusiastic about the prospects of dominating the business world with some unworldly innovation; however, what they fail to understand is the nature of desire and motivation. You might have a great idea but it would not make sense until you define your objectives; if the objective is to make money, then you are likely to miss the central theme of the business. Of course, money is one of the important aspects but you should always know “why you do what you do?”
A lot of organizations take projects without assessing their overall growth strategy. Every project should be aligned with your strategic goal; jumping from project to project without having a clear long-term agenda will create confusion and can be demotivating too. Each of the team members must be aware of the broader implications of the project; it should not get confined to mundane tasks and short-term goals.
Therefore, before taking up the projects realize the motivational factors of the business. To be more appropriate; prior to signing the contract think once; does this project complement the business ideology and goals that you have determined at the inception of your business? Well, with the changing trends, you might need to change the strategy to align the business flow with changing dynamics, but you should not become contextually wrong, that means you should get choosy about the projects and course of action you decide to attain the goal in an ever-changing world.
This is the key to handling any situation or challenges of life; while dealing with projects never get carried away by ideas, examples and experiences of other people’s business. That means, leave all the bookish knowledge and experiences behind and look at the current project dispassionately; avoid taking a stance in favor or the against, nullify both the conditions, assess the project from a neutral point of view because every project is new and no project repeats itself. So, deal with the projects real time because of the demands, challenges, the expectations and motivations vary from project to project.
What some other company did on certain time is not the ideal way to deal with the projects, they might have taken the right path according to their challenge which would have been completely different from what you have in your hand; therefore, taking inspiration from someone else’s success is the best way to fail. Never take shelter in the shadows of ideas, inspirations, and glory of the past. Look at the problem fearlessly, assess its potential threats and let it manifest itself in all its colors and shapes; the solution is in the problem; in fact, the solution is not different from the problem, but it requires you to investigate the problem carefully and the answer will come out of the inspection.
Nobody can tell you how to achieve your goals or solve your problems people can talk out of their own experience and knowledge it is hard for others to understand your objective. Therefore, never work on other people’s idea, just reject it out rightly and same goes for this article too; forget what all rubbish written, look at your objectives and be realistic about the business; otherwise, you are likely to get lost in this competitive world and possibly in a quick span of time if you do not become pragmatic.
Samaira Ahuja is the Content editor at hrsoftware.in a trustworthy platform for software purchasers. She works very hard to give best and unbiased results to the customers for complete satisfactions. All the softwares are provided to meet the needs of the business and avoiding any kind of unwanted purchase. She compares all the available software and select the best option and give reviews on that
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