SME Times is powered by   
Search News
Just in:   • India’s data centre capacity to more than double by 2027  • US, South Korea conducting joint research to block North Korean crypto heists  • India’s savings rate shoots past global average: SBI report  • FDI flow into India from Gulf countries surges to $24.54 bn in 12 years  • PLI scheme has attracted Rs 1.46 lakh crore investment, created 9.5 lakh jobs 
Last updated: 27 Sep, 2014  

Walk.9.Thmb.jpg Just 'walk around': Give it a try

MBWA.9.jpg
   Top Stories
» India’s data centre capacity to more than double by 2027
» India’s savings rate shoots past global average: SBI report
» PLI scheme has attracted Rs 1.46 lakh crore investment, created 9.5 lakh jobs
» Centre pays Rs 4,820 crore to 2.75 lakh farmers for pulses under MSP scheme
» India's private sector growth surges to 4-month high in Dec: Report
Bikky Khosla | 29 May, 2012
If you run a small enterprise, it's not easy at all to blanket all the costs, particularly while establishing or expanding your business. You may have to dip into your pockets, run from pillar to post for loans, and still struggle to keep your head above water. That's why resources must be used wisely. Most small firms never miss this point as far as their financial resources are concerned, but when it comes to human resources many fail to make the best use of their employees in order to minimize cost.

Here, I think management by walking around (MBWA) can be a very useful strategy. Small business owners may find it too costly to hire specialized managers for every department, and this in turn requires them to actively engage themselves in day-to-day business activities, often by establishing interpersonal contacts with the employees -- the very idea on which MBWA is primarily based.

Theoretically, MBWA refers to a style of business that involves the owner or managers wandering around, in an unstructured manner, and at random through the workplace. The objective is to keep a finger on the pulse of the organization to check employees and the status of their work. Introduced in a 1982 book "In Search of Excellence", of course, it's an old idea, but I think it's still relevant even in today's world of business where information can move at the speed of light.

So, why should you bother to regularly tour your office building or the warehouse! Firstly, it’s because you’re doing the job of a few managers, or at least saving a few valuable bucks by doing that. Secondly, by actively engaging yourself in the day-to-day activities of  your business, you can get yourself aware of what is going on. Thirdly, as you go out yourself, you step over the communication barriers that stand between you and your people. No filters, no sugar-coating and you can see the reality.

Having said that my point is that there's nothing to lose and much to gain a small business owner can hope by practising MBWA. But a note of caution: the concept shouldn't be applied to spy on your employees but as an opportunity to observe, see problems up close, and listen to suggestions. Neither it's merely about letting others see you walking around -- you must be honest with yourself. And finally, be friendly and don't rush it -- it will take time to get the employees talking about what’s actually going on. Start  with everyday questions only, and then move forward.

Management by walking around still makes sense for today's businesses, especially small enterprises because it is cost-effective, easy to administer, and its benefits are proven. At the heart of it should be a mental exercise to communicate directly with employees, make them feel appreciated, motivate them, and uncover the hidden problems. It's worth giving MBWA a try.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

Very interesting concept
Eric | Mon Aug 6 09:59:11 2012
As as small business owner I am going to give this a try. Will keep you post on results. Thanks for the tip.


 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter