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Executive Leadership Techniques: Working With Limited Resources
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Executive Leadership Techniques: Working With Limited Resources - Executive Leadership Articles

Executive Leadership Techniques: Working With Limited Resources

Executive Leadership Articles

Executive Leadership Techniques: Working With Limited Resources

One of the challenges facing today's Executive Leaders is how to make their business succeed with limited resources. Although, depending on the organization, Executive Managers can get extremely creative in stretching their resources, there are some general tips on how to survive and thrive with little.

Reorganize and re-prioritize.
Take the time to evaluate your company. Identify and shore up the weakest areas in the company structure. A manager can improve production and service by eliminating redundant tasks and streamlining the organization. Make sure, however, that your employees have what they absolutely need to do their jobs.

Determine what needs the most attention in the shortest amount of time and focus your resources and personnel on those projects or issues. You may have to temporarily delay some long-term goals in order to get through the short-term, but make sure to return to the long-term goals that form the basis of your organization.

Identify where you can delegate responsibility. In some cases, you may be asking your employees to take on more duties. Although this can be a strain on your staff, it can also be an opportunity for employees to improve their skillset for future projects and goals. Try to keep your employees' professional growth in mind when asking them to take on more responsibilities.

Use your professional networks.
Reorganizing and re-prioritizing can make the most of limited resources, but it may only work for the short-term. The best way to deal with limited resources in the long-term and short-term is to acquire more resources. This is where an Executive Manager's professional network comes in.

Use your contacts inside your area of business and outside of it. From office supplies to temporary personnel to heavy equipment, your professional contacts may be able to help your company even if they are not directly related to your field. Short-term assistance from an outside individual or company can lead to a long-term business relationship that can benefit both organizations.

In today's world of technology, there are many different choices for networking. Select the one that is the most appropriate for your organization, as well as what you are asking from another company or individual. While you may cast a wider net with social media to request generalized assistance, a well-placed, old-fashioned phone call may be the best way to go.

Keep your communication professional and be willing to help out when your associates need it. Fostering good relationships with other individuals and organizations creates a healthy business community, which can lead to more contacts that you can ask for assistance.

In business, as in many aspects of life, a little can go a long way. Executive Leaders need to be able to maximize what resources they have, as well as bring in new resources. Limited resources do not have to be a constraint to a business; they can encourage creativity and cultivate professional relationships that can ultimately lead to a successful organization.

 

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