To increase efficiency, set goals that are specific, measurable, achievable, relevant, time-specific and recorded.
Boost innovation.
Innovation is essential to business success. You want your workers to be confident and willing to take risks. Create an innovative atmosphere and lead by example, showing your employees that mistakes are not shortcomings.
If your team sees that you’re human, that effort does not always lead to success, they’ll feel more comfortable risking failure. Be transparent with them, support their ideas and never punish creativity.
Theory of management for ethical approach to management has been used by businesses worldwide for the last 80 years, and for a good reason. By applying his principles of decentralization, objective-driven management, just treatment of employees, and socially powered corporate mission, you can improve your team’s performance, foster loyalty, empower innovation, and ultimately ensure your company’s success.
While the change might not happen overnight, you can start by bringing your team together to identify key business objectives (you can use my guide to setting achievable business goals to get started), holding a workshop with your leadership team to expand on the principles of delegation and decentralization, and determining the best course of CSR action for your company. Fully embracing this theory of management will take time, resources, and a change in everyone’s mindset, but the eventual rewards are well worth it.

Email: thevictorakpan@gmail.com