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Best Practices for Companies Moving to the Next Level

 January 29, 2010
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February 18, 2010
12:05-1:00 pm MDT
 
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7 Synergies of Business Success
  1. Grow from the inside out.
  2. Develop a brand promise and live it daily.
  3. Put people first.
  4. Hire leaders and managers.
  5. Lead to create wealth.
  6. Values validate valuation.
  7. Monitor, monitor, monitor...what ever you measure will improve.

Intangible...the quality of the company is directly proportional to the quality of the CEO.

Wondering how you stack up on these issues?  Take our Growth Assessment to find out!

Check out the SmartGrowth the Recommended Reading List.

Order NOW!  Get Pam Watson Korbel's book More Money, Less Work, More Fun and face your business challenges.

SmartGrowth provides business coaching for CEOs and executives, strategy facilitation, and management development training.  Contact us to get started!
 
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Visit SmartGrowth's website for new information and opportunities! 
 Failure to Launch

 

What do these three business scenarios have in common?

1.       No one tells the boss what he/she really needs to hear.  Leaders complain often that their direct reports fail to 'clue' them in on what is really happening in the business.

 

2.       Employees don't speak up when they are 'stuck.' - For example, the employee may spend hours or days trying to resolve a problem while their emotions take over and prevent them from asking from help.

 

3.      A key manager leaves the company for a competitor - And completely blindsides his/her boss.

In all of these situations, the culture of the company is driven by tasks and deadlines rather than by a purpose.  Technology, analysis and technical acumen must give way to people, relationships and goals.  Let's dig deeper.

1.      Employees don't speak up in a company and to their bosses when either they feel they work in a culture of fear or they feel like their input is not valued.

 

2.      Employees don't reveal when they are 'stuck' because the culture does not permit failure and deadlines are put ahead of 'doing work the right way.'

 

3.      Key managers leave when they bring issues and trends to the table and they are dismissed by poor listeners.

So how do you work around these issues?   Employees are motivated by:

A purpose - They feel a connection to the company's mission, vision and goals.

Relationships - They feel loyal to their managers and peers because they respect their motivations and intellect.

Alignment - They understand how their job and their peers' jobs fit the company's big picture.

Emotion - Management helps them make an emotional connection to the business.

The failure to create a culture of performance that matches the company's direction results from leaders who focus on tasks, action plans, reactions rather than people and relationships.  A study by 6 Seconds, Inc. shows that in a survey of business leaders and employees most agree that 76% of business issues are related to people and relationships versus 24% being related to finances and technology.  And how are leaders spending their time?.

To bridge this gap leaders need to put down their pens, turn off their computers and leave their cell phones in their pockets.  The first step to develop a productive culture is to focus on people and connecting them to the purpose of the business and each person's individual purpose.  The new tasks become activities that include:  management by moseying, breakfast with the boss, open forum discussions, leader blogging, participation in employee events, etc.

As John Naisbitt said in Megatrends, our future will be driven by the dual trends of high tech and high touch.  And the future is here.

 

For more about this topic, listen to Pam Watson Korbel's interview with Simon Sinek, author of "Start With Why: How Great Leaders Inspire Others to Action."  Click here to download the MP3 file. 

 Click here to visit the SmartGrowth blog.


More money, less work, more fun!

SmartGrowth, Inc.

88 Inverness Circle East Ste. F108, Englewood, CO 80112

303.790.9131   Fax: 303.790.9356    info@smartgrowth.com 

www.smartgrowth.com 

CEO & Publisher:  Pam Watson Korbel       

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