The tough times of 2021 are a major threat to the survival and growth of startups. To survive, they can adopt OKRs to enjoy the following benefits and build the required resilience: Meet their unique needs, and focus on agility and growth. Set ambitious goals and attempt to achieve them. Be agile and dynamic in...
Objectives and Key Results are a simple and powerful management tool, which is credited with being the underlying reason for the success of firms like Google Inc. In the chaotic environment of a growing startup, OKRs help them prioritize & execute right and deliver growth without losing their focus. To get the discipline when following...
Startups need a coherent human resource management policy to ensure their success, and to scale up while dealing with challenges. What should one keep in mind when setting a scale-up strategy for a startup, especially with reference to their HR practices? Their strategy needs to focus on the following: Create an organizational culture to encourage...
The many benefits offered by a Performance Management System help start-ups to achieve their business objectives within a predefined time-period and to stay ahead of their competitors, as it enables them to: Formulate business objectives Set clear goals for the employees Provide consistent feedback to employees Use feedback to drive performance and boost productivity Foster...
Small and Medium Enterprises are core contributors to GDP and employment index, not just for India but globally as well. Limited understanding of technology,
Startups are a progressive form of business that face some specific challenges in terms of its Human Resource. To understand the various