A business needs to know its purpose, vision, goals, and core values. The
purpose helps define the reason for being. The vision is what we aspire to be.
The goals are intermediate points that are met during the life of the business.
The core values are the boundaries that underline the behavior of people within
the business, a set of constraints.
When the business manages through its strategy, the team goals are clear, and
management is able to keep the team accountable to them. It is important for
the core values and purpose to come through in the way the business
operates. It can become the thing that energizes employees to excel.
This must be the central piece that unifies the company. This needs to be the
common thread shared by all employees, and all things need to align with it.
Saturday, April 17, 2010
Friday, February 19, 2010
Get Out of the Way and Let the Best People Drive
Business leaders, especially CEO’s, are often reluctant to relinquish having a a direct involvement in all tasks for their business. Rather than fall back on micromanagement, the most successful and productive companies are ones where business leaders can allocate the right work to the right people.
In order to find the right task for the right person, it’s important to identify 4 components of each individual team member’s abilities.
*The four components to abilities are broken down as:
- Unique abilities - those tasks which almost no one else in the company can do, and the employee truly excels
- Very good - tasks which are performed at a consistently high level
- Good - tasks which are performed at an acceptable level
- Not a strength - tasks that are not the most productive use of the employee’s time
(*loosely based on Dan Sullivan's approach)
Identifying where a employee excels and attempting to structure his or her responsibilities according to strengths is not only of benefit to the employee but to the whole organization. Ideally, a 10%, 50-60%, 20%, 10% breakdown between the four quadrants promotes individual job satisfaction and ensures that tasks are allocated to the best internal resources.
This exercise frees up the executive to make the biggest impact and increase company productivity by allowing people to play to strengths and reach full potential.
“The conventional definition of management is getting work done through people, but real management is developing people through work.”
- agha hasan abedi
Friday, September 18, 2009
Pencil it In
Why should a significant block of time be scheduled for quarterly strategic meetings when busy executives have so many other pressing responsibilities?
Few phrases elicit as many groans in a company as the dreaded “Let’s schedule our quarterly meeting”. The most effective quarterly strategics should take place over the course of 1 to 2 days. When participants learn quarterly strategics will encompass at least a day, they aren’t just groaning at the prospect, they are now gnashing their teeth! Corporate America has come to correlate “marathon” strategic meetings as synonymous with boring, unproductive, and even a waste of time. Many employees actually see these meetings as a chore that’s simply a formality, with the real decision-making happening afterwards.
It’s a shame that strategic meetings evoke such negative connotations. What is more vital and exciting to a company than determining where the company is going, how it’s going to get there and how the team knows if it got there or not? Too often, companies fail to schedule the appropriate amount of time needed to generate and debate these questions. Instead, meeting organizers bow to the misconception that less is more. To delve past surface issues, dive into poignant objectives and then outline concrete action plans, strategic meetings can’t be rushed. Trying to compress strategic meetings will only result in ineffective discussion where little is resolved. Making the time investment of a strategic meeting is actually investing in a company’s future.
Setting aside the appropriate amount of time ensures the participants can achieve four key objectives:
- Review corporate strategy
- Review industry trends and competitive landscape
- Review key personnel
- Review team development
Pitfalls to avoid when scheduling strategic meetings include:
- Not scheduling the meeting offsite is inviting disruptions and distractions
- Including social activities and inviting spouses/family dilute focus
- Over-structuring topics burdens the schedule
- Poor planning leads to poor execution
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