Capacity building aims to standardize processes and programs to create long-term goals that can be achieved progressively. Establishing “best practices” is about asking questions that incorporate the company’s vision, mission, and goals. Forming “best practices” for capacity building will empower businesses to expand in key developmental areas such as capacity assessments, time dimensions, geographic focusing, future partnerships, and financing options. These elements are crucial to maximising opportunities in a sustainable way, allowing your organisation to meet its goals.
How to Establish Best Practices:
- Define Your Vision, Mission and Goals
Capacity-building activities need to be aligned with the company’s vision, mission, and goals, so they should be clearly stated. Clearly defined goals act as “pre-conditions” for expected outcomes and will help define processes and expectations.
2. Invest in Need and Resource Assessments
Capacity building involves conducting a Resources Based View (RBV) analyzing the strategic resources and allocation in order to achieve a competitive advantage. Working with the available resources helps determine which areas are priorities and how capacity building can be incorporated into the strategy. The RBV assessment is vital for SMEs who struggle with limited resources, allowing them to work with what they have to plan for the future.
3. Consider Time Dimensions
Effective capacity development is a long-term endeavor made up of short-term, medium-term, and long-term goals. Implementing a mixture of goals with different time periods satisfies service demand and manages processes while planning for long-term strategy, all at the same time. When businesses invest in capacity development they aren’t just putting out fires, they’re anticipating and planning for long-term sustainability.
4. Include a Geographic Focus
Growth is the goal of any start-up. Capacity development puts growth into focus by dividing scaling operations into milestones while determining a geographical focus. For example, operations plan to increase geographical focus could look like this:
Phase 1 – (short term) 1 to 3 countries
Phase 2- (medium-term )1 region
Phase 3 – (long term) all regions
5. Form Strategic Partnerships
Strategic partnerships are fundamental for the sustainability of capacity building. Collaboration enhances the capacities of people and the organization as a whole by sharing lessons, skills, and resources.
6. Secure Funding
Securing funding is one of the most important goals for any SME, and it is also the most challenging. A place to start is by engaging investors at a local level to increase and improve scaling opportunities.
Effective capacity building requires rigorous planning and goal setting, and success is determined by SMEs’ ability to focus limited resources on priority areas within a deadline. Partnering with other firms can help by collectively sharing knowledge, resources, and skills to make your business truly scalable and sustainable.
Book an appointment with us here to discover how to adopt the best capacity-building practices in your organization.