Burnout is now officially recognised as a medical condition by the World Health Organisation, making it imperative to address this critical issue. Organisational wellbeing and productivity are at stake, as burnout not only affects employee health but also undermines engagement and innovation. Join Trudy MacDonald, named “Speaker of the Year” on multiple occasions by the world’s largest CEO network (TEC), for a 1 hour high-impact session to transform your team from burnout to brilliance and into the high-performers you need them to be. Understand why role clarity, accountability, team alignment, autonomy and building trust are the secret sauce to refocus and reengage your team. An unmissable event to ensure you and your organisation flourish. Wed, 4th December 2024 6:00pm - 7:00pm MB & SK Price: $145 Price quoted in USD Learning Outcomes
How can you strengthen accountability in your entrepreneurial company? To find out how to improve delegation in your business to grow more easily, quickly and profitability, AND enjoy the ride, try our complimentary Agile Growth Checklist. This self-service questionnaire takes 5 to 10 minutes to complete. You'll receive the checklist with your responses immediately. Within 24 hours, you'll receive a compiled report highlighting areas to improve. Complete sections 1, 2 and 4 to check your delegation practices. Or complete all 7 sections to find out how your company is doing in each of the 7 areas needed to produce more rapid, profitable and sustainable growth. This report is complementary and involves no obligation. Want to listen to the tip? Use the play button below. How can you implement the systems to grow a thriving company? To find out what systems to strengthen to grow more easily, quickly and profitability, AND enjoy the ride, try our complimentary Agile Growth Checklist. This self-service questionnaire takes 5 to 10 minutes to complete. You'll receive the checklist with your responses immediately. Within 24 hours, you'll receive a compiled report highlighting areas to improve. Find out how your company is doing in each of the 7 areas needed to produce more rapid, profitable and sustainable growth. This report is complementary and involves no obligation. As a CEO and owner of a mid-size company works to build and strengthen their organization, several barriers often get in the way. In this Gravitas Impact Premium Coaches webinar, Sara Castiglioni from Buenos Aires, Ph.D in Leadership & Systemic Innovation, takes us through those barriers to change and innovation, and explains the things CEOs and owners can do to break through. Note that all the barriers and solutions have to do with people and behaviour, starting with the CEO. This podcast is not for the faint of heart. Subscribe to Gravitas Impact podcast: Android
What can you do to evolve your mid-size company? To find out what you and your leadership team could do to innovate and change more easily, quickly and profitability, AND enjoy the ride, try our complimentary Agile Growth Checklist. This self-service questionnaire takes 5 to 10 minutes to complete. You'll receive the checklist with your responses immediately. Within 24 hours, you'll receive a compiled report highlighting areas to improve. Find out how your company is doing in each of the 7 areas needed to produce more rapid, profitable and sustainable growth. This report is complementary and involves no obligation. Have you had good success and are now considering diversifying your business to protect it? You might want to think again.
Profit from the Core, by Chris Zook with James Allen, quickly became an international best seller when it was published in 2001 just after the dot-com bust. Profit from the Core: A Return to Growth in Turbulent Times, is the latest version, released in 2010. It provides guidance for managers to improve growth by focusing on their core business, rather than weakening their business by branching out into new unrelated areas. The book is based on more than ten years of Bain & Company research and analysis and is still relevant and useful today. It argues that most companies diversify well before tapping into the full growth and profitability potential of their core business – that mix of target market, product offering, distribution channels, unique capabilities and other critical strategic assets that can establish a market leader position. Investing in that core business offers the most growth and profit potential. Paradoxically, our core business is often already our most profitable business line. When growth in the core is fully maximized, carefully adding “adjacencies” that reinforce it can further its growth. Otherwise, diversifying usually distracts from and weakens the core business, and the company’s growth and profitability. While the research seems strong, expect a bit of a technical read. Book: 192 pages. Ebook with Read-Aloud available on Google Play Books. Book summary on Soundview: 8 pages, 22 minutes audio. How can you improve your profitability? To find out how to improve your profitability to grow more easily, quickly and profitability, AND enjoy the ride, try our complimentary Agile Growth Checklist. This self-service questionnaire takes 5 to 10 minutes to complete. You'll receive the checklist with your responses immediately. Within 24 hours, you'll receive a compiled report highlighting areas to improve. Complete section 5 to check your profitability management practices. Or complete all 7 sections to find out how your company is doing in each of the 7 areas needed to produce more rapid, profitable and sustainable growth. This report is complementary and involves no obligation. In my last 5 Minute Growth Tip, I compared the eight options for getting outside support to implement the many structures, systems and processes needed to grow profitably and enjoy the ride.
These options might seem overwhelming. And a CEO or business owner might want to throw up their hands and say “I’ll just send my senior leadership team members on some leadership training. That’ll do the trick.” But, unfortunately, it won’t. An October 2016 Harvard Business Review article titled “Why Leadership Training Fails - and What to Do About It” reviews decades worth of studies that show leadership training - on its own - does not change leadership behaviours or improve a company’s performance. It also describes the other critical pieces needed first for leadership training to stick and make a difference. Here, I’ll summarize the key points from the article and share some experience of my own. Although companies pour enormous amounts of money into employee training and development - $160 billion in the US in 2015 alone - the learning largely doesn’t improve performance. This is because leadership training participants soon revert to their old ways of doing things. Why is that? The more obvious reason is that training is a once and done event. There is no follow-up to reinforce the learning. We’ve all experienced this when we’ve taken training with the best of intentions, but then never revisit the material to implement what we learned. The less obvious reason leadership training doesn’t stick is that, once the training is done, leaders go back to a workplace that still operates the way it used to. That workplace has processes, routines and ways of doing things that don’t encourage what the leaders have learned, and often even discourage it. For example, a leader might learn how to select and clearly define specific priorities to improve the business and get better results within their department. But when the leader goes back to the office, their CEO may have a number of internal projects they want to see happen across the company or in certain departments, with little definition or specificity. New projects might also be added regularly, causing others to inadvertently fall by the wayside. Best case, the leader will have little incentive to select and clearly define priorities because their boss has yet to see the value of doing so. Worst case, the CEO may discourage choosing priorities and see the leader as uncommitted or lacking entrepreneurial grit. Neither scenario encourages the leader to implement what they learned in the training about prioritizing. As a result, performance doesn’t improve. So, if leaders soon revert to their old ways of doing things after leadership training, why do CEOs continue to invest in leadership training? There are two reasons. The first is that many CEOs, and leaders generally, tend to view a company’s performance as being simply the sum of the actions and behaviours of everyone in the organization. The thinking goes “if everyone in the company learns and grows, they’ll each get better at what they do, and the company will perform better.” The same view is common for executive and senior leadership team performance. Develop the individual leaders, and the executive team and company will do better. But this just isn’t true. A number of studies have shown that company performance results from not just individual skills and abilities, but, more so, from the systems in which people work. Building on the HBR article, our experience has been that these systems fall into five areas:
From this view, leaders’ individual skills and abilities make up less than one fifth of the key ingredients needed to improve a company’s performance. This aligns with Peter Drucker’s research, identifying that 80% of employees’ performance is due to the systems in which they operate. Only 20% is due to their individual knowledge, skills and abilities. The second reason CEOs continue to invest in pure leadership training is that no one has ever had the courage to challenge them with the uncomfortable truth that the way they lead and manage their team and company - in terms of direction, structure, processes, communication and resources - is the larger reason their company hasn’t gotten to where they want it to be. As the HBR article puts it “those are the things to fix before training can succeed longer-term.” And so, how can CEOs and business owners get these systems working better? I would share similar advice to that given in the HBR article, although slightly adjusted for growth-minded small to mid-size companies:
This approach will ensure the right systems are in place and working to support the leadership learning that takes place as a part of this process. At this point in the article, a CEO or business owner might be considering simply attending leadership training with their senior leadership team members. That way, the CEO can learn the same best practices, implement them and create an environment that encourages the behaviours their leaders will have learned. That’s certainly an option. This takes CEOs back to the first problem mentioned with leadership training… there’s no follow up to ensure the best practices are implemented. And that’s made more difficult by some of the features of most leadership training programs:
At the end of the day, leadership training has the CEO back to taking a Do-It-Yourself approach. And we’ve already discussed how a DIY mindset slows growth. So, if leadership training doesn’t work, how can a CEO and their senior leadership team successfully learn and fully implement the systems and skills to grow profitably? This takes us back to the 8 options we covered in my last 5 Minute Growth Tip. And what we find is that the most effective option to make this happen is a Business Growth & Executive Team Coach. If Executive Team Coaching seems like it might be the right option for you, the next question to consider is: are you the right fit for an Executive Team Coach? We’ll cover that in my next 5 Minute Growth Tip. How can you implement the systems to grow a thriving company? To find out what systems to strengthen to grow more easily, quickly and profitability, AND enjoy the ride, try our complimentary Agile Growth Checklist. This self-service questionnaire takes 5 to 10 minutes to complete. You'll receive the checklist with your responses immediately. Within 24 hours, you'll receive a compiled report highlighting areas to improve. Find out how your company is doing in each of the 7 areas needed to produce more rapid, profitable and sustainable growth. This report is complementary and involves no obligation. |
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