October 29, 2020
Your Team Doesn't Understand Your Strategy As Well As You Think:
One of the most common areas of feedback I hear from senior managers about the executive team is a lack of strategic clarity. You may feel like this doesn’t apply to you, but if you are open to a bit of self-reflection here, I’d suggest it very well may. Even in companies that have rigor around goal setting, operating plans, and metrics, in private conversations, many a leader has shared with me that they don’t see a clear or well-defined strategy for the growth of a division, a business unit, or an entire company.
Plenty has been written about strategy, and still, David Collis and Michael Rukstad wrote in Harvard Business Review about the “dirty little secret” that most executives cannot articulate their strategy. And as they pointed out, “If they can’t, neither can anyone else.” So, can you explain your growth strategy succinctly and clearly so that everyone on your team can understand it and knows their part in making it a reality?
A well-defined growth strategy answers a handful of critical questions and forms a framework that guides the decisions at every level of the business. In my new book, The Butterfly Effect: How Great Leaders Drive and Sustain Revenue Growth, I share a strategy framework called the “5 Big Things.” Here they are:
There is a tremendous amount of depth within each of these questions. Doing the hard work to express your growth strategy without corporate speak and with clarity and focus is one of the most important jobs you have as an executive.
There Are No News Stories About the Planes That Landed:
The title says it all here. Our media and news sources do not cover much in terms of the good happening. Keep this in mind as you watch, scroll and click.
Putting Your Best Face Forward:
I recently discovered the Twitter account of the Room Rater, with the handle @ratemyskyperoom? It’s a humorous site that offers critiques of the home office settings of those authors and pundits who appear on TV news programs.
Though the site is mostly for laughs, there are some good observations in the mix that we can all learn from as we spend our days on videoconference. Of course, we’d all like to show up as our best selves — at least for our upper third.
Some suggestions I’ve gleaned from the site:
Have you learned other tips or found likes/dislikes? Let me know what they are and I’ll see about compiling a second list of best practices in a few weeks.
Current Read:
I recently stumbled across an interesting article in that its subject was supporting remote workers — but it was written in 2019. Part of why so many companies transitioned so quickly to remote work is that we were already transitioning to flexible worklives before the pandemic hit!
“How to Create Belonging for Remote Workers” by Liz Fosslien and Mollie West-Duffy, published by MITSloan Management Review on Feb. 8, 2019, offers practical steps managers and colleagues can take to make their remote employees feel ingrained in the company culture. The authors even provide a chart called “Liz’s Hierarchy of Remote Work Needs,” based on Abraham Maslow’s hierarchy of needs. At the base of the pyramid lies physiological needs for Maslow — and coffee for the authors. At the top of the pyramid, where Maslow has self-actualization, these authors place “Putting phone on airplane mode.”
Read the article for tips on establishing “virtual watercoolers” for your home workers.
And if you like these, my articles on leading from home and why remote workers are more engaged may be of interest too…
Why Remote Workers Are More (Yes, More) Engaged
How Leaders Can Increase Engagement While People Are Working From Home
Quotable:
Edinger’s Insights is packed with strategies and ideas to lead business growth.*
*Scott will never share your contact information
Thank you for subscribing.