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Thursday, March 27, 2008

Execution: The Great Unaddressed Issue In Business

Ram Charan is one of the leading management consultants in the world. One of his books, co-authored with Larry Bossidy, is Execution: The Discipline of Getting Things Done. More than one million copies have been sold and it is one of the best-selling business books of all time.

Stephen Bernhut, the editor of Ivey Business Journal Online, interviewed Ram Charan in Toronto, where he recently spoke at the annual meeting of the Human Resources Professional Association of Ontario.

Some key excerpts from the interview (ED NOTE: italics are mine):

IBJ: It’s now more than five years since you wrote what is considered to be “the” book on execution. Is it still as important as it was when you wrote the book?

RC: Execution is the great unaddressed issue in business today. Too many leaders today still place too great an emphasis on high-level strategy, on intellectualizing and philosophizing, and not enough on implementation. The fact is that the real difference between a company and its competitor is the ability to execute.

***

IBJ: In your book on execution, you say that many people equate execution with tactics. You also say that’s wrong. Why?

RC: Execution is a discipline and a system, it’s not only tactics. It must be built in to a company’s culture, strategy and goals. It’s a leader’s most important job. But many leaders today don’t do that. They spend time learning and deploying the latest management techniques. Execution is a discipline of its own, and today it is the critical discipline for business success.

***


Read the entire interview at Ivey Business Journal here.

Coaching for Total Organizational Engagement

Management-Issues reports that seven out of 10 British employers now use coaching within their organizations, compared with just under two thirds last year.

The reasons?

  • Nearly eight out of 10 employers that offered coaching to all their employees used it for "general personal development", with three quarters saying they used it for "helping poor performance".
  • More than half of the organizations polled believed that coaching by line managers was the most effective learning and development practice, with nearly half anticipating that even greater responsibility would fall on to line managers in the next five years.

Most significant change?

  • More than two fifths of organizations now offered coaching to all employees, with some four out of 10 offering it only to directors and senior management and a third offering it to senior managers and line managers or supervisors.

According to Dr John McGurk, the primary researcher: "Coaching is not just a popular technique but an immensely powerful one for supporting personal development. There is no doubt that coaching is having a significant impact both on individual and organizational performance. As coaching helps people to develop, it's a perfect fit for the fast moving knowledge economy in which we operate," he added.

BOTTOMLINE: "Organizations face significant challenges in drawing up frameworks that ensure value for money and that are aligned with their organization's strategic objectives," says McGurk.

One of the key components of the Six Disciplines strategy execution program is accountability coaching, which is used to improve both individual and organizational performance.

Tuesday, March 25, 2008

Business Best Sellers - Are They Really That Bad?


So...how many business best-sellers have YOU read?


The April issue of FastCompany has an article by Elizabeth Spears, Library of the Living Dead, in which she warns: "Embrace a business best seller at your brain's peril."

Sure, there's the typical diatribe about business books that feature overused/misplaced metaphors, jargon and so forth.

Then comes the stunner: the "well-intentioned hope that the books will provide a useful framework for solving problems"...and that "they create the illusion of progress simply by adding another layer of busyness."

Well, ideas for business performance improvement have to start somewhere, and business books are one such method. More important than the business book itself, however, is what action you take as a result of reading the best seller.

If you succumb to the widespread practice of MBBS (Management By Best Seller), causing you to continually change direction and focus, then yes, the worst is still ahead.

However, if you understand that books - in and of themselves - are not to be used as a replacement for consistent, repeatable action, then you've already won at least half the battle.

FULL DISCLOSURE: Six Disciplines for Excellence, and the soon-to-be-released Execution Revolution (both written by Six Disciplines founder and CEO Gary Harpst) are both examples of the business book category.

What makes these business books different is that they're not ends unto themselves - it's how these two books are being used by business leaders.

Execution Revolution sets the stage for business leaders to view their biggest problem (executing strategy) in a breakthrough way. It then reveals the first complete strategy execution program, which consists of a repeatable business-building methodology described in detail in Six Disciplines for Excellence. When combined with local accountability coaching and innovative software tools for real-time activity alignment, the complete program helps companies to build these ideas into performance-changing organizational habits on a daily basis.


"Tell me and I'll forget; show me and I may remember; involve me and I'll understand."


Monday, March 24, 2008

Managing More People - With Fewer Managers

"Since the 1930s, business researchers have maintained that bosses optimally should manage about seven to 10 people."

Today's Wall Street Journal, however, included an article "Overseeing More Employees With Fewer Managers" (subscription required) in which it showcases the trend of companies to reconsider the maximum team size.

Most notable, "researchers in Europe suggest that a manager can oversee 30 or more employees, in part, by using technology to communicate and help monitor work."

BOTTOMLINE: By giving frontline workers more responsibility, you need fewer bosses. The research above suggests that technology can help address the challenge.

The Six Disciplines strategy execution program includes a technology component, which we refer to as an execution system. This breakthrough system is optimized to:

  • Automate a repeatable business-building methodology
  • Address time management
  • Enable real-time activity alignment
  • Support weekly progress reviews
  • Encourage total organizational engagement
  • Measure and monitor strategy execution progress for each individual and team

The Six Disciplines execution system directly supports the ability to have fewer managers by "using technology to communicate and help monitor work."

Six Disciplines Becomes Corporate Sponsor of American Chamber of Commerce Executives (ACCE)

Six Disciplines Becomes Corporate Sponsor of American Chamber of Commerce Executives (ACCE)

Six Disciplines Named Titanium Sponsor of 2008 ACCE Convention in Pittsburgh

FINDLAY, Ohio, March 24, 2008 —Six Disciplines, the first complete strategy and execution program for small and midsize businesses, announced today that it has become a corporate sponsor of the American Chamber of Commerce Executives (ACCE). The Six Disciplines program is designed to help small and midsize businesses improve their ability to balance strategy and execution and to accelerate and sustain business excellence.

With the agreement, Six Disciplines plans to become a primary resource for local chambers interested in offering their respective memberships access to tangible and accountable methods to create a strategy and continually execute on it through all levels of an organization. Rooted in research and testing, Six Disciplines executives have a deep background as small-business owners and partners to thousands of rapidly-expanding businesses, a process that has produced a wealth of data about what keeps businesses from achieving business excellence.

“The ACCE and its members are the premier national organization focused on strengthening business in America,” said Gary Harpst, founder and CEO of Six Disciplines. “In this era of global competitiveness, it’s vital for the U.S. to accelerate the development of new and better ways of doing business. This is especially true in small and midsized organizations, which are the lifeblood of our economy. Six Disciplines is proud to be a corporate sponsor of ACCE because our goal of revolutionizing business performance aligns with the mission of chambers perfectly.”

“ACCE is delighted to welcome Six Disciplines not only as a corporate sponsor, but also as the lead sponsor of our annual convention taking place this summer in Pittsburgh,” said Mick Fleming, ACCE president. “We look forward to introducing our chamber members to this award-winning company and their business excellence program.”

Six Disciplines also is the titanium sponsor of the ACCE National Convention. The agreement provides for exposure of Six Disciplines through advertisements in the ACCE’s industry magazine, Chamber Executive, as well as via the organization’s Web site and e-newsletters.

The annual ACCE Convention, to be held in Pittsburgh July 30-Aug. 2, will host more than 1,000 Chamber CEOs, CFOs and management staff to keep pace with the latest issues affecting businesses and their communities. Harpst will speak at the ACCE Convention, with a presentation titled “Solving The One Chamber Problem That Makes Solving All Other Problems Easier.”

About American Chamber of Commerce Executives (ACCE)
Established in 1914, ACCE serves the professional development needs of chamber executives throughout the United States and Canada. Representing more than 7,000 individuals, ACCE enhances the knowledge, leadership skills, and management effectiveness of chamber executives and their staff through education, benefits programs, trend analysis, benchmarking, and network development. ACCE supports and develops chamber professionals to lead businesses and their communities. Visit http://www.acce.org/.

About Six Disciplines
Six Disciplines, founded in 2000, has developed the first complete strategy execution program, specifically for small- and midsized businesses. The Six Disciplines program integrates a repeatable methodology to drive organizational learning, ongoing external coaching to ensure accountability, an execution software system to align daily activities of every stakeholder, and community learning to accelerate and sustain business excellence. The program is offered exclusively through a growing national network of locally-owned Six Disciplines Centers. Businesses that have implemented the Six Disciplines program include those from the Inc. 500, ISO-9000 certified companies, and a 2007 Malcolm Baldridge National Quality Award recipient. Visit http://www.sixdisciplines.com/.

Jump-Start Your Plan of Strategy

Eric Kurjan, president of Six Disciplines Northwest Ohio, brings us this article called "Jump-Start Your Plan of Strategy," as published in the Toledo Free Press.

An excerpt of the article:

Clearly, it takes more than an annual meeting to lead a company toward its goals. A 2007 survey by the American Management Association found only 3% of executives said their companies are successful at executing strategy. Over 60% admitted only moderate success - or worse - at strategy execution.

For small and mid-sized organizations, executing strategy is hindered by three primary challenges:

1. Economics. While larger businesses can invest significantly in resources like consultants, coaching, systems and software, small and mid-sized businesses cannot afford these investments.

2. Expertise. Larger enterprises have experts in disciplines like strategic planning, performance management, business intelligence, and balanced scorecards. Small and mid-sized businesses don't have access to this wide array of expertise.

3. Human Factors. All businesses have the same fundamental challenge: they're run by people. We know the right things to do, but we don't always do them. Organizational behavior, attitudes, motivation, habits and resistance to change are just some of the factors that contribute to poor execution.

Read the entire article here.

Thursday, March 20, 2008

Balancing Strategy and Execution

Excellence is the enduring pursuit of balanced strategy and execution.

Strategy requires choosing what promises to make to all stakeholders and a roadmap for delivering on those promises.

Execution requires getting there, while overcoming unending surprises.

Of the two, execution is far more difficult to achieve, but is fruitless without solid strategy.

Learning how to balance these two is the key to excellence, and excellence is a journey that never ends. It’s an enduring pursuit that requires an enduring approach.

Somehow on this journey we often lose sight of what the real problem is. And surprisingly, it’s not what most business leaders think it is.

Most describe their biggest challenge as the issue(s) they’re facing right now (growth, control, communication, productivity, generational transition, hiring, competitors, and many others.)

Whatever issues an organization faces today, they will be different and bigger tomorrow.

Planning and executing, while at the same time, managing the unknowns of the real world, is the biggest challenge in business. Overcoming this challenge is what we mean by solving the problem that will make solving all other problems easier.

It builds an organization that is preparing for an ever increasing set of future challenges that are the natural result of overcoming today’s challenges.

Given the pace and unpredictability of the business world, we leaders often feel there’s not much that we do control. This book, however, describes the first complete program for a business to take control of the one thing it can, so that it is better equipped to deal with all the things it can’t. It’s my hope that the real-world experience of our team, the investment that’s been made, and the completeness of the program will help you realize this isn’t just another book. It’s the beginning of a revolution – an Execution Revolution.


(Excerpted from EXECUTION REVOLUTION: Solving The One Business Problem That Makes Solving All Other Problems Easier, by Gary Harpst)

Wednesday, March 19, 2008

The Impact of Balanced Scorecards

The balanced scorecard, which is used extensively in business and industry, government, and nonprofit organizations worldwide, was originated by Harvard professors Dr. Robert Kaplan and Dr. David Norton as a performance measurement framework that added strategic non-financial performance measures to traditional financial metrics to give executives a more ‘balanced’ view of organizational performance.

According to recent survey of more than 1,000 organizations:

  • 80 percent of the organizations that regularly use the balanced scorecard (BSC) reported improvements in operating performance.
  • 66 percent of them also reported an increase in profits.
  • 61 percent, a significant majority, reported improvements in bottom-line financial results.

“Employing the balanced scorecard leads to new business processes that can be used to link long-term strategies to short-term decisions,” concluded Dr. David Norton, the founder and president of Renaissance Solutions, a global consulting organization. “But in order to implement the balanced scorecard successfully, a business unit must effectively communicate the organization’s strategies for increasing shareholder value to all employees. That helps to get everyone behind the overall strategy.”

Monday, March 17, 2008

Engagement Powered By Strengths

In an interview about the book StrengthsFinder 2.0 for the Gallup Management Journal, Tom Rath discussed the strong link between a leader’s focus and employee engagement.

The three powerful conclusions from Gallup’s research on conversation, engagement, and strengths:

  1. If your manager primarily ignores you, your chances of being actively disengaged are 40%
  2. If your manager focuses on your weaknesses, your chances of being actively disengaged are 22%
  3. If you manager focuses on your strengths your chances of being actively disengaged are only 1%
BOTTOMLINE: "How could we not be talking to each other, all the time, about our strengths?"


(Thanks to David Zinger, and his great passion and work over at The Employee Engagement Network!)

Gary Harpst Interviewed On WRAL.com


Gary Harpst, CEO founder of Six Disciplines and author of the soon-to-be-published book "Execution Revolution," says execs must balance day-to-day tasks along with planning and execution.

Here is Gary Harpst, being interviewed on Tech Talk: What's Biggest Problem Facing Execs Today? on WRAL Local TechWire.com in Raleigh, NC.

Tuesday, March 11, 2008

Overcoming The Obstacles To Effective Execution

Formulating strategy is a difficult task. Making strategy work—executing or implementing it throughout the organization—is even more difficult.

Ivey Business Journal has published an article entitled "Making Strategy Work: Overcoming The Obstacles To Effective Execution" featuring Lawrence Hrebiniak, professor in the Strategy Group, Department of Management, The Wharton School, University of Pennsylvania.

Hrebiniak's latest work on execution is a book by the same name (Making Strategy Work Wharton School Publishing, 2005.)

Six Disciplines Featured in The Toledo Blade


Eric Kurjan, president of Six Disciplines Northwest Ohio, is shown coaching clients and is featured in the Toledo Blade article "Findlay firm offers ways to improve businesses" written by business reporter Ted Fackler.

In the article, Kurjan and Six Disciplines founder and CEO Gary Harpst talk about what makes Six Disciplines different:

  • The Six Disciplines program advocates action for company strategy, planning, organizing people and processes, execution management, innovation, and organizational learning. It's based on years of field testing and a $20 million investment.
  • "The biggest difference between us and other [management services] is that we're execution focused," explained Mr. Harpst. "It's easy to produce a plan. It's not easy to implement it."
  • The typical Six Disciplines fee is less than that of a client's single employee pay, and is available long term.
  • Within 10 years, Mr. Harpst said, his company will have annual revenues of $250 million to $350 million, employ nearly 700 workers, and be in 70 cities.



Friday, March 07, 2008

Employee Reward Programs of The Most Admired Companies

Hay Group, a global management consulting firm, and FORTUNE magazine, recently released the eleventh annual rankings of The World’s Most Admired Companies list and America’s Most Admired Companies list, prepared in collaboration with FORTUNE.

Hay Group also conducts supplemental research each year to identify business practices that distinguish companies on the lists from all others. This year’s analysis focused on how these companies manage their employee reward programs, and found that they do a much better job of leveraging their reward investments than their peers.

Some of the research findings include:

  • 79% regularly provide employees with total reward statements, versus 53% of peer group respondents
  • 82% regularly reinforce the company’s reward philosophy in communications with employees, while only 64% of peer companies do the same
  • 74% state that their employees understand and appreciate that rewards consist of both tangible and intangible components, compared with 61% of their peers
  • 41% say that line managers in their organization create a positive work climate, whereas only 21% of peer companies respond similarly
  • 28% state that line managers utilize financial and non-financial recognition programs, compared with 16% of peer companies
  • 41% believe that their reward program is internally fair, while only 27% of their peers believe the same
  • 48% report that their reward programs support efforts to retain their best talent, versus 28% of their peers
  • 45% say that their reward program allows them to attract the talent they need, compared with 25% of their peers
BOTTOMLINE: Companies that make these lists haven’t stumbled on a silver bullet for making employee reward programs work more effectively. They are simply able to execute more successfully on a number of basic HR best practices, and tend to have a cultural understanding and recognition of the value brought to their organizations,” said Hay Group Insight Senior Consultant Mark Royal. “Implementation (execution) is really the primary differentiator between employee reward programs at companies on America’s Most Admired Companies list and their peers – communication, aligning reward programs with business priorities and operationalizing the pay for performance relationship.”

Monday, February 25, 2008

Six Disciplines: A Program For Balanced Strategy Execution During Economic Uncertainty

Six Disciplines Provides Growing Businesses with a Balanced Program for Strategy Execution During Any Economic Environment

New Clients and Continued Market Acceptance Increase Momentum in 2008

FINDLAY, Ohio, Feb. 25, 2008 —Six Disciplines announced today that momentum continues to build nationwide for its breakthrough strategy execution program, evidenced by enrolling new clients from the healthcare, manufacturing and furniture industries. The Six Disciplines program, delivered by a growing network of local centers, consists of a repeatable business-building methodology, local accountability coaching, an execution software system to ensure individual and team activity alignment, and the economic advantages of accelerated community learning.

Based on years of field testing, 100 man-years of research and development and a $20 million investment, the Six Disciplines program provides organizations with a holistic approach toward strategy, planning, organizing people and processes, execution management, innovation and organizational learning.

“What most business leaders think is their greatest challenge really isn’t. There is one business problem that, if solved, makes solving all other problems easier,” said Gary Harpst, founder and CEO of Six Disciplines. “Knowing how to plan and execute, while overcoming today’s surprises is the most foundational capability any organization can have. We show our clients how to balance strategy and execution, a key competitive advantage--particularly during times of economic uncertainty.”

Six Disciplines nationwide has seen continued success through the acquisition of new clients, increased staffing hires based on market demand and secured speaking engagements to small and midsized business executives. Leading center initiatives across the country include:

  • Six Disciplines North Carolina (Raleigh; Research Triangle Park): Managing partner, Craig Landwehr, recently completed the first year of Six Disciplines program implementation with the global IT organization of Research Triangle Park-based Family Health International, a non-profit organization focused on improving lives around the world through public health research, education, and services. The center has also begun working with several other regional non-profit organizations including Planned Parenthood of Central NC and the Triangle YMCA. Landwehr will be conducting a monthly series of Executive Briefings focused on “Getting the Right Things Done: A Leader’s Guide to Strategy, Planning, and Execution.”
  • Six Disciplines Central Indiana (Indianapolis): General Manager John Boomershine recently formalized a client relationship with ADVANTAGE Health Solutions, Inc., an Indianapolis-based provider-owned health plan offering healthcare benefits and solutions to employer groups of all sizes. Additionally, the center recently held executive briefings with 29 local organizations to discuss goal setting for not-for-profits. To support their growing client base, the center hired two new executive coaches, Marianne McLean and Jennifer LeMieux. McLean is responsible for offering strategic advisory services to clients in pursuit of continual business improvement process; she was a founding partner at Advanced Interface Solutions, Inc., previously. LeMieux, an employee of Six Disciplines Central Indiana since 2006, will aid clients in successfully adopting the Six Disciplines program. She will also continue to support the center’s ongoing marketing initiatives.
  • Six Disciplines Tampa: President Sean Burke will speak at the St. Petersburg College Business Solutions Showcase on Feb. 29. The center also recently launched a six-part “Business Excellence” podcast series on strategic planning. The series can be found at http://www.ceo-podcast.com/.
  • Six Disciplines Ohio: President Eric Kurjan recently formalized relationships in Jan. with Waterville, Ohio-based BioFit, an industry-leading manufacturer of ergonomic seating, tables, and stools; and Total Fleet Solutions, a Toledo, Ohio-based one-stop shop for material handling equipment needs of Fortune 1000 corporations. Additionally, the center has added Jeff Sprague as a coach to support their overall regional growth. Sprague is responsible for offering enduring strategic advising services to organizations that adopt the Six Disciplines methodology. Senior Client Coach Scott Gray will present to entrepreneurs and business owners at both the University of Toledo Center for Family Business and the Toledo Regional Chamber of Commerce in March, April and May. The center also recently established a partnership with the Ohio Manufacturer’s Association and will be presenting a seminar to members in April.
  • Six Disciplines Atlanta: On Jan. 1 a new center office was established at 1755 North Brown Rd. in Lawrenceville, Ga. On Feb. 4 President Riz Shakir was a guest lecturer at the J Mack Robinson College of Business, Georgia State University, where he spoke to more than 30 students taking the school’s “Managing the Family Business” class. Of those participating, the majority are part of families that own small or midsized businesses. His presentation, “Ownership of an Enterprise Built to Last,” addressed the importance of strategic planning.

Six Disciplines Books Gain Awareness

Based on recent media exposure, momentum also continues to build for the top-rated handbook Six Disciplines for Excellence, authored by Six Disciplines founder and CEO Gary Harpst. Six Disciplines for Excellence received the 2007 USA Book News Best Books finalist award, and was rated the No. 1 business book for 2007 by The Center for Workplace Excellence. Six Disciplines for Excellence is also consistently ranked in the top ten books of the Organizational Learning category on Amazon.

As a follow-up to the success of Six Disciplines for Excellence, Harpst has finished a new book, Execution Revolution: Solving The One Problem That Makes Solving All Other Problems Easier, which is scheduled to be published in April 2008. In Execution Revolution, Harpst details the elements of a complete strategy execution program, explains why it could only have happened now, and clarifies why such a program will become a mainstream requirement for successful small and midsized businesses.

About Six Disciplines

Six Disciplines Corporation, founded in 2000, has developed the first complete strategy execution program, specifically for small and midsized businesses. The Six Disciplines program integrates a repeatable methodology to drive organizational learning, ongoing external coaching to ensure accountability, an execution software system to align daily activities of every stakeholder, and community learning to accelerate and sustain business excellence. The program is offered exclusively through a growing national network of locally-owned Six Disciplines Centers. Businesses that have implemented the Six Disciplines program include those from the Inc. 500, ISO-9000 certified companies, and a 2007 Malcolm Baldridge National Quality Award recipient. Visit http://www.sixdisciplines.com/.

Friday, February 15, 2008

Six Disciplines Showcased In Findlay Courier



Six Disciplines was showcased in the Findlay Courier's 2008 Progress Report, "Six Disciplines: Findlay company showing others how to meet goals - Helps businesses define where they want to go, build and execute strategy."


Six Disciplines Northwest Ohio president Eric Kurjan (pictured above) highlights the variety of growing companies that are Six Disciplines clients.


View the PDF of the article here.

Thursday, February 14, 2008

Advance Review of Gary Harpst's Execution Revolution

Anita Campbell, the editor and trend watcher over at Small Business Trends has just posted her advance review of "Execution Revolution: Solving The One Problem That Makes Solving All Other Problems Easier" authored by Six Disciplines founder and CEO, Gary Harpst.

According to Anita:

"This is not a “how to start a business” book. Execution Revolution is designed for businesses that have been in business at least a few years and made traction already. If you’re purely a startup, say 6 months old, you may find parts of the book helpful, but you won’t be able to put all the lessons into practice. That’s because your business is too new; you’re still figuring out how to get enough customers just to survive.

It’s also not a book for businesses in dire trouble. For that you need turn-around help.

However, if you’ve been in business a few years, gotten your small to midsize business to a steady-state level of success, and are itching to get to the next level, this is the book you need. You will want to read Execution Revolution."

Read the entire review here!

Tuesday, February 12, 2008

Keeping Yourself Accountable

Finding it tough to keep yourself on track?

The National Federation of Independent Business (NFIB) has posted a great article on "Keeping Yourself Accountable."

"There will be times in which it will be impossible for you to do something you said you wanted to do in the initial time you allotted. Business conditions change, emergencies crop up and unexpected challenges will likely cause some goals to be put on hold. But if you are constantly making plans only to leave them halfway completed or not started at all, consider the following suggestions for taking yourself a little more seriously:

  1. Write goals down.
  2. Use deadlines.
  3. Employ the buddy system.
  4. Hire a coach.
  5. Offer rewards or punishments.
Read the entire article here.

Monday, February 11, 2008

Six Disciplines Client Video - Deborah Wood Associates

Watch this short video "The Road to EXCELLENCE : Deborah Wood Associates - Part One" which showcases how this high growth company decided to enroll in the Six Disciplines strategy execution program.

Tuesday, February 05, 2008

Strategy, Execution and Organizational Alignment

One of the toughest challenges that a CEO faces is connecting their strategy to execution. It's considered to be the major reason why CEOs fail.

The strategy execution process looks like this:
  • Clear strategic planning - mission, vision, values, strategic position
  • Crisp 1 year goal setting - financial, customer, production, people goals and measures
  • Align resources - processes, policies, measures, technology, people
  • Individual plans to execute against the goals - prioritized daily, status updated weekly
  • Continual measurement of progress

The strategic planning process begins with an annual strategic planning process that involves reviewing strengths, weaknesses, opportunities and threats (SWOT), as well as internal and external trends. This information helps to update or renew the mission, vision, values and strategic position of the company.

Next, the organization's VFOs (Vital Few Objectives) are decided upon in the 1 year goal setting process. Priorities for each quarter are identified, along with responsibilities assigned and measures established. These VFOs are decomposed into key Initiatives and Projects. Individual Plans for each team member are created that tie directly to these Initiatives and Projects. Each team member is accountable for their quarterly plan, which assures alignment with corporate goals.

Quarterly planning sessions are held to assess held to assess how well the organization has accomplished their priorities. Short monthly team meetings help to stay aligned and to make adjustments early enough to ensure progress. Brief weekly individual status meetings are held to keep progress on track. Any "at risk" items are flagged and addressed immediately.

The combination of all of these activities contribute to organizational alignment. The key driver of organizational alignment is a organizational "fitness." By fitness, we're referring to an organization's ability to be both efficient (doing things right) - and effective (doing the right things). By building accountability within an organization, continual alignment and organizational fitness occurs.

BOTTOMLINE: A clear strategy can only be of value when it is translated into crisp goals, and when a organization's resources are continually aligned toward execution.

Friday, February 01, 2008

Barriers To Goal Setting and Execution

The good folks over at TEC have a very deep and rich set of best practices for a variety of management concerns.

In particular, is their extensive list of suggestions on Goal Setting.

Listed here are 10 Barriers to setting - and executing organizational goals:
  1. Lack of clear-cut responsibilities around the goals
  2. Lack of a tracking system
  3. Lack of an accountability system
  4. Lack of commitment
  5. Lack of buy-in from people who are expected to fulfill the goals
  6. Ineffective communication
  7. Lack of time or resources
  8. Too many goals are financially driven
  9. Focusing on too many or too few goals
  10. Goals aren't tied to a longer-term vision

BOTTOMLINE: Get agreement on the appropriate goals for your organization. Write them down. Keep them close by. Get buy in and alignment from those executing the goals. Make them realistic and attainable. See Discipline II - Set Goals That Lead from Six Disciplines for Excellence.