What is the best business management methodology to use in your business model?

When we talk about Business management is about more than just running a business. We must take into account the challenges faced by those who set out to manage. Whether it's a large organization or a sector of a company. 

In a scenario where change happens very quickly. Think about Business management without taking the right technology into account can result in exhausting and fruitless cycles. This leads to the loss of great talent and/or a drop in employee productivity.

C-levels, directors, managers, coordinators and all positions that involve leadership are exposed to a journey that requires organization, knowledge and resilience.

You already know all this, but what you may not yet know is the right methodology to use in your business model. Perhaps you already use one and just need to improve or change your business management processes.

In this article, we're going to show you the details of the main methodologies that involve the world of business management. If you already use a methodology in your company, Thatvisit the Actio website and learn about the various resources available that can help you improve your results.

The Actio is a Falconi Group. It has clients in more than 7 countries around the world and has 5 modules that cover different areas of a company, regardless of the methodology used.

Suggested reading: "Management by guidelines" by Vicente Falconi - Download the book's tables here.

Do you know which are the main methodologies used daily in organizations by top managers? Here are some of the most important ones:

OKR - Objectives and Key Results

One of the best known and used as a key part of strategy. OKR is a results-based business management methodology that establishes secondary objectives, guiding the team to carry out essential and strategic activities. One of the strengths and peculiarities of this methodology is that it integrates all areas of the company in the definition of objectives. This is done in consensus with senior management, including when setting targets and indicators.

Balance Scorecard or BSC

Always use this business management methodology from four main perspectives: financial, stakeholders, processes and organizational knowledge.

Within this context, subdivide the above topics into objectives and goals, implementing clear and well-defined actions.

Then establish indicators for these perspectives, which will measure the effectiveness of the organization's performance. This will also help you make decisions during the process. Many companies use this methodology in their business management and, along with OKRs, the BSC is one of the best known in the market.

GPD or Management by Guidelines

It involves the entire administrative and operational body of the organization, committing them to the pursuit of results. Once the objectives have been set, each hierarchical level has the responsibility of pursuing their fulfillment. To do this, tools such as PDCA, Swot and performance indicators are essential. The interesting thing about this methodology is that it creates a sense of responsibility among those involved. This implies the participation of all areas of the company, so that the results are the fruit of collective work.

On tools that help implement methodologies

Discover 5 essential pieces of software for your company's business management

For a healthy practice of any of these methodologies, you need tools to help you on a daily basis. Whether you are a member of senior management, a manager or even an operative. In the case of senior management, it's your duty to provide the operational team with tools that ensure that all information is organized and clear. 

The use of software is essential. They become great allies when it comes to management. Through them you can upload information to build dashboards, calculate results and integrate this information with the other areas involved. This is extremely important, as well as numerous other features. 

Here at Actio, we have the Actio Strategy Management, a comprehensive business management platform that integrates methodologies such as BSC, GPD, Gant, Kanban, Scrum, Projects, and more. Actio Strategy Management serves all areas of your company, regardless of the methodology used.

Now that you know about the main methodologies for business management, all you have to do is choose one and implement it. If you still have any questions, contact contact with one of our consultants who can help you on your journey. 

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