While it’s reasonable to think that a group of intelligent, accomplished professionals…all peers, with deep individual expertise in their functional areas might be the stuff of a management dream team, reality suggests that we shouldn’t count on it. Here are two key challenges that must be overcome and 5 ideas to help jump-start senior management team performance:
In an article in the Sunday Chicago Tribune, Edward Lampert, Chairman and Chief Executive Officer of Sears Holding Corp offers, "We don't have a sales problem. What we have is a profit problem, and that's what we're intending to address.” Mr. Lampert, I respectfully suggest that you have a lot of problems in your shrinking, unidentifiable former retail empire. However, characterizing the situation as a profit problem is off the mark.
With few exceptions that I’ve encountered, most senior leaders lose sleep over how fast their organizations and employees are moving. Their minds and mantras are: faster to change, faster to improve, faster to add new capabilities, faster to explore and develop competence in new markets and with new customer groups. However, at the same time senior leaders are looking for ways for their firms and teams to move faster, most employee groups and their managers are bogged down slogging through the reality of getting stuff done. Here are 3 ideas to help you and your team strengthen the balance between the need for speed and the need for performance:
We all know and live with the distractions that pull us from our true priorities. From the personal issues that tug at us while we’re striving to work and live, to the endless number of workplace distractions, focus often seems like an abstract concept. Here are 5 ideas you can apply today to help your teams and team members find focus:
My first manager routinely asked a question that turned out to be a powerful teaching tool and a life-long reminder to pause before leaping. The question was, “Have you thought of everything?” While “thinking of everything” in a literal sense is impossible, her intent wasn’t to push us down to ground level in an endless field of details (as interpreted by my colleagues), but rather, it was to push us to think through and around a situation in as thorough manner as possible. Here are 5 situations where the questions absolutely must come first:
The essence of strategy is choosing what not to do, yet as Lafley, Martin and Riel describe, the notion of giving up options or closing off familiar paths is uncomfortable for us. It’s our drive to eliminate this discomfort by keeping our options open and flexible that might just be limiting our success or even setting the stage for failure. Here are 3 powerful thought-starters to help you and your team tackle the strategic issue of finding new growth:
Regardless of your level in the organization, you have a responsibility to find ways to create a direct link between your team’s priorities and your firm’s ability to make money, create and satisfy customers and beat competitors. Here are five ideas to help you span this gap:
Every leader who has grappled with a shift in strategy for their firm understands the powerful gravitational pull of organizational culture. Here are 5 ideas to help ensure you respect and leverage the culture during periods of change:
One of the most difficult but potentially compelling plays in strategy is to redefine the rules of the game. Those who write the new rules…and get them to stick, win.
Senior leaders value employees who are proven operators AND who are capable of looking at the bigger picture and providing help in developing the way forward for the business. Your ability to cultivate both sets of skills will help you strengthen your professional value proposition and help differentiate you from your peers. This differentiation might just be the meaningful issue for that next promotion. Here are 6 Question Sets to jump-start your strategic curiosity:
