Author Archive
Strategic Planning and Beyond
Hopefully you operate your company with a yearly business plan that includes a plan for sales growth and a budget based on reality. And, hopefully, you compare your progress compared to plan throughout the year and make adjustments accordingly. At the very least you should be using these tools. If you’re not, you’re driving the company bus with your eyes closed.
If you see value in planning beyond one year, you are probably doing some form of strategic planning. An effective strategic planning process helps you proactively determine the future of your organization by taking advantage of market opportunities that your competitors are not as well equipped to take on. An effective strategic planning process will have a direct positive impact on your company’s profitability and organizational results. If you are using strategic planning as a tool to lead your company, your eyes are open and you have a pair of binoculars, while your competitors are planning to buy some binoculars someday when they get a chance.
What’s beyond strategic planning?
While strategic planning can add significant results to your organization’s bottom line, there is something you can do beyond strategic planning to create breakthrough results. Management innovation. Management innovation is defined as anything that substantially alters the way in which the work of management is carried out.
Face it, the management models we use today were created by industrial age pioneers born in the mid to late 1800’s. But, we’re not in the 1800’s or the 1900’s any more, are we? Today’s challenges include globalization, deregulation, the pace of change, the impact of the Internet and so on. Our current management models were not designed to address the challenges we face today.
A growing list of companies are challenging their assumptions about their current management practices and creating management models that address the challenges in today’s society. The results are organizations achieving breakthrough results not even imagined possible by business or strategic planning. How did they do it? Fewer layers of management. Increased levels of accountability and passion. Every employee focused on delivering financial results. No, it’s not a dream. And, yes, it is possible.
Where do you find resources for management innovation? One resource that I recommend is The Future of Management by Gary Hamel. Warning! The material in the book, like the author, is a bit dry. OK, very dry. In addition, the book is aimed at Fortune 500 companies. You’ll have to do some translating to make appropriate application to your company. However, it’s a great starting point.
Where do you find resources to help you create and implement management innovation in your company? Call us. We’ve helped many organizations implement innovative management practices that resulted in our clients becoming leaders in industries where there hasn’t been anything new in years or decades.
Management innovation is game changing. Change the game before your competitors change it for you.
More Of The Same In 2010
Eariler this week two Federal Reserve governors delivered bad news and really bad news. Both said that, while the economic recovery is underway, we are likely to experience a “jobless recovery.” Worse, they said their analysis indicated that unemployment would recover over a period of years, not months.
In light of these challenging reports, what are you doing to improve the current and future results for your company? What we’re experiencing is not a pause between innings. We’re now playing a different game.
With the game now tennis instead of kickball, some business leaders still insist they still don’t want a tennis racket? They’ve decided to kick the tennis ball. Let us know how that works.
Maybe it’s time to think about making the changes you should have made five years ago in your company. Today could be the day when you establish the plan that will lead your company out of the danger zone. If you wan’t an outsider’s perspective, call on us for a free no-obligation consultation.
Charting Your Organization’s Course - The First Step
With unlimited resources, your company can pursue all alternatives. What? You don’t have unlimited resources?
OK, so, with the limited resources you do have, which opportunities will your organization pursue? Which opportunities will provide the best returns?
An effective planning process allows you to chart a course for your company from the present to the desired destination. The first step in this process of charting a course from Point A to Point B is to define Point A.
Time and time again, I work with a company’s leadership team to chart a course for the organization’s future. Whether it’s business planning, strategic planning or management innovation work, I’m still amazed at the lack of a consensus on where they are as a starting point. One leadership team of four people that I worked with a couple of years ago had four different opinions ranging from we’re having a few operational challenges to the future of the company is at risk.
Before you start charting a course for the future of your company, assemble the leaders of the organization for a heart to heart discussion of the current realities and the current challenges. It’s the difference between putting one person on each of twelve buses or putting all twelve people on one bus. As a group, choose one bus.
Planning for 2010
Many people are assuming that 2010 will be better than 2009 because they believe that 2010 can’t be worse than 2009 has turned out to be. However, success takes more than hope. In fact, success takes more than dreams and hard work.
Achieving the results you want your organization to achieve does happen by accident. Achieving results requires two things. First, successful companies use detailed but flexible plans to plot their course and direction. Second, achieving results requires strategic thinking, not incremental thinking.
With an effective strategy, you get to choose your course instead of letting customers, competitors and market forces determine your results for you.
So, will you decide your organization’s future or will you let your competitors decide it for you?
If Performance Drives Results……
- why do we review results twelve times per year and performance only one time per year?
- why do we focus on the results, which we can’t change, instead of the performance, which we can change?
- why do we have regularly scheduled meetings to discuss results, but not regularly scheduled meetings to review performance?
- why don’t we treat the link between performance and results as a cause and effect equation instead of “hoping” the results have improved?
- why are results dealt with at the executive level when performance is dealt with at the front line supervisor level?
What Followers Want From Leaders
What do followers want from leaders?
It’s very simple.
“Don’t wait until after the fact and give me a grade. Instead, please take the time now and show me how I can get an A+.”
Is this how things work in your organization? If leaders take the time to show followers how to get an A+, the employee wins and the company wins, right?
If this is not how things work in your organization, contact us to help you discover gold inside your company.
Do You Need Training or Consulting?
As promised in my last post, I said the next post would answer the question “Do you need training or consulting? This question came up at a dinner meeting with a long time client.
In short, if you need new knowledge or skills, effective training is likely the answer. On the other hand, if you need expertise, you would do well to contact a consultant that specializes in the area of expertise you need. Of course, in some cases you need both. However, avoid assuming that a trainer or a consultant can provide both.
What’s the goal of getting advice/expertise from an expert? To gain insights into how a process works, get expert advice about which model would be best for a specific situation or use the expert to provide a service that you can’t or shouldn’t provide internally (i.e. behaviorial interviewing, strategic planning), etc.
What’s the goal of training? Once you have the expertise you need, implementing it successfully is critical. New knowledge and/or skills are introduced to impact the beliefs and behaviors of employees in order to improve their invidual performance. When enough employees improve their performance, organizational performance improves as well.
Both training and consulting, when done effectively, provide value in improving organizational performance.
I hope you found this post useful. There are more than 30 other articles/posts on our blog. Feel free to use them to improve employee and organizational performance in your organization. If I can answer a question for you, please let me know.
Boards of Directors: Horsepower or Anchor?
As a business leader, if you think leading and managing an organization is a challenge, add a board of directors into the mix and you could get a glimpse into what it would be like to be attacked by on octopus.
Today’s article in the Wall Street Journal on GM’s new board of directors and their new activist interest at many levels of the operations of GM gives me pause to consider the advantages, disadvantages and the proper role for a board of directors.
Advantges: A board of directors represents the intersts of the shareholders and provides additional avenues of input, ideas and resources that are interested in and available to an organization’s leaders.
Disadvantages: If the relationship between the board and the organization is not properly set up and maintained, boards could either micromanage the company’s operations or be relegated to the role of rubber stamp for the CEO. I’ve seen both in a variety of client organizations. Neither situation is beneficial to the shareholders, employees or customers.
Proper Role: Both the board and the operations side of the organization should have clearly defined roles that do not overlap. In fact, there should be a robust monitoring system that throws a flag at the first sign of encroachment on either side. In addition, the only link between the board and the operations of the organization should be the CEO. The board has one employee, the CEO. The operations side has one leader, the CEO.
If properly set up, a board of directors can multiply the value generated by an organization. If not properly set up, you might wish that the octopus would come in and finish you off.
If you have interest in learning more about how boards can perform effectively and complement the role of the organization, contact us. We’ll point you to several very good resources.
The Single Best Predictor of Sustainable Organizational Performance
Wouldn’t work be easier if you coud do the work of all of your employees? Well, of course, it’s not possible for any of us who lead people to do the work of all of our direct and indirect reporting employees.
So, if we need others to help get the work done, wouldn’t THE single best predictor of organizational performance be our effectiveness at getting the work done by working with and through others? And, to do so more effectively than our competitors.
If this is the case, why is it that we spend so much more of our time focusing on measuring sales, gross profit, operating profit, productivy, etc. than on the time we spend improving THE one thing that predicts all of these results?
Leadership effectiveness is THE single best predictor of sustainable organizational performance.
How will you use this insight to improve results in your organization?
Check out our blog for more free insights into improving employee performance and organizational results.
Predicting Job Performance
Which is most predictive of on the job performance when considering job applicants or developing a current employee: experience, knowledge, attitude, talent, skills, strengths, weaknesses, length of service or number of jobs?
According to The Gallup Organization’s research, led by Marcus Buckingham and presented in Now Discover Your Strenghts, talent is the most predictive of on the job performance.
There are many compelling reasons revealed in the research, but one of them sums it up best. When we work in an area where we have raw talent/gifting, a chemical reaction actually takes place that rewards us for using these talents. It’s as if the body is saying, “yeah, you’re good at that - do that again.”
Use these insights to improve your hiring, employee performance and organizational results.
