If you’ve been told you need to complete an organisational review, or are now wondering if you need one, read on. An organisational review is a great tool to help you:
- Improve the way your business is structured.
- Solve any performance issues.
- Change the culture of your business.
- Fix any relationship or communicational problems.
- Increase productivity.
- Catch up with fast moving external changes.
Completing an organisational review involves collecting data to process, organise, share and interpret in relation to your business. The ultimate goal: improve the way your business works. You will be looking at three key areas:
- Strategic – developing insights on how things are working now, so you can make informed decisions, and goals in the future.
- Foundational – collate the information needed to achieve your new strategic direction.
- Improvement – identifying what you will do to improve the way your business works.
Each business should complete an organisational review at least once per year. We’ll explain how to do this next.
How to Complete an Organisational Review
Analyse Your Business
Once you’re ready to start your review, take time to gather some tools which can make the entire process easier. Some of the tools you may use include:
- SWOT analysis – evaluate your business’ strengths, weaknesses, opportunities and threats.
- PEST analysis – identify the external factors impacting upon your business; political, economic, socio-cultural and technological.
- Competitor analysis – what are your competitors doing well? How are they placed against you?
- Balanced scorecard – compare your past figures with your current ones, and your future predictions. Are they balanced? You are looking at things such as marketing, finances, impact, growth and operations.
Examine Your Business
Once you’ve gathered your review tools, then you’ll need to examine:
- How your business is structured – Who does what? How are your tasks allocated?
- Procedures and processes used by your business? How do people know what to do? How do different teams work together?
- Your finances – do you have a budget? What are your main expenses and types of income? How can you improve things financially for your business?
From here you will have the information you need to make recommendations of what your business should do moving forward. You don’t have to do any of this alone though; we can help. Part of our job as business advisors is to help our clients understand where they are, where they’re going and how to get there. When you’re ready to take the next step and improve your business’ organisational processes, give us a call. The coffee’s on us.