With a more agile management process and digital payment solutions in place, you’re positioned to begin drawing up other customized strategies to reduce inefficiencies and clear bureaucratic hurdles. While the specific measures organizations use to streamline operations and shrink complexity vary, these tactics can aid almost every firm.
Upskill your employees. Escalating and resolving complex issues quickly is central to reducing complexity. Ensure your team members are trained on an ongoing basis with the skills and tools needed to identify problems and test and apply solutions that work.
Consider spinoffs and subsidiaries. Spinoff companies allow you to further horizontally extend your command structure by grouping teams and functions into a subsidiary with its own executive. That can help your team more easily coordinate its management efforts.
Schedule regular policy reviews and updates. Another term for adjusting your management approach to deal with increasing complexity is “creating a change program.” At the heart of that term is the idea that the customized management framework you’ll implement for dealing with change needs to be subject to change as well.
Applied to fit the overall context of your company, each of these steps is a procedural tool that helps build the autonomy, speed, and efficiency of your teams. They also increase the flexibility with which you can coordinate objectives companywide and decrease complexity across departments.
“You may have a management structure and legacy systems that make these changes easy, or ones that require a bit more effort and guidance to calibrate,” says Lepera. “But if you’re attempting to minimize complexity in the face of accelerated growth, working with professionals is going to help avoid the sort of excessive restructuring that can be its own source of complexity. Our advisors and strategists can help give you the coordination and clarity to ensure that whatever adjustments you implement fortify your ability to achieve long-term goals.”