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Execution Podcast: Are Fast Companies “Slowpokes”?

August 31st, 2010 by Steve Barry

“When I was faster, I was always behind.”

Neil Young has provided the soundtrack to many parts of my life.  His lyrics capture life’s truths and offer glimpses into its mysteries.  (Plus, he just rocks.)  This quote from his song “Slowpoke” could be a soundtrack for the faster companies in our Strategic Speed research.    Faster companies have learned that speed of strategy execution is not about a fast rollout.  Nor is it about streamlined processes.  Companies which rely solely on these approaches find themselves “always behind.”

Jocelyn Davis, Forum’s EVP of R&D and co-author of Strategic Speed: Mobilize People, Accelerate Execution, recently discussed these issues with Art Petty, noted leadership and management thinker.  Art’s blog is a tremendous resource for leaders, and  it is always a pleasure to share ideas with him.

Click here to listen to Jocelyn link Neil Young’s “Slowpoke” lyrics to the acceleration of strategy execution.   For more on how Forum can work with you and your team to accelerate execution, please click here.

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True Confessions of a Frozen Decision-maker

August 12th, 2010 by Maggie Walsh

I have a confession to make.  My boss and I are having a little blog competition this month (involving a loser-pays-all dinner scenario).  Hey, I can be as hungry and competitive as the next person, so my initial response was:  “It’s on!”

A week plus six or seven great (but not great enough) ideas later, and I was beset by writer’s block.  I couldn’t decide.  Now mind you, I practically write for a living—laying words on paper (or, more accurately, on the screen) consumes about 60 percent of my typical day.  And now, with a free dinner calling to me, I’m blocked?  What’s that about?  I don’t know about you, but when I’m blocked, I get a lot of other work done—a highly effective avoidance tactic.  So, as I was avoiding … rather, um analyzing the situation, it came to me that I blocked because suddenly the stakes were high.  Okay, in the grand scheme of things, dinner is not really high stakes.  But clearly, the stakes had been raised.  What if I wrote the wrong thing?

And then it came to me:  “blocking” is not unique to writing.  It’s also endemic to leadership.
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When in Transition, Reassess Your Relationships: A Framework

July 22nd, 2010 by Steve Barry

As the egg dripped down the side of my brother’s condo, he could feel his blood boil.  That punk kid, now the sworn enemy of my brother and his wife, had struck again.

Days later, as my sister-in-law gardened, she spotted the kid and marched right up to him. Uh-oh … showdown!

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Do Scorecards Accelerate Strategy Execution?

June 29th, 2010 by Steve Barry

“Do scorecards and metric trackers enhance or detract from strategic speed? Sometimes I feel we place too much emphasis on tracking.”

A participant in our June 17th webinar on strategic speed asked this great question. We hear this question a lot from clients and other business leaders. Scorecards and metrics play an important role in strategic speed. They relate to the “future state” of the organization and provide leaders with vehicles with which to communicate that direction throughout the company. They also provide a concise display of the impact of the strategy on the business. Mostly, though, scorecards and metrics define miracles.

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Quotable Quotes on Strategy Execution

June 23rd, 2010 by Steve Barry

“A hippo in a tutu is still fat and slow.”

This is just one of the more colorful quotes we heard in our case study interviews on Strategic Speed.  This quote, along with 18 other quotes like it, are in this slideshow.  Which quote is your favorite?

AsiaPac Webinar questions: Using Climate to Drive Employee Engagement

October 29th, 2009 by Forum Corporation

For every webinar that Forum hosts for a North American and European audience, we also host a separate version for our audience in Asia-Pacific. The Asia-Pacific webinars include presenters, insights, and case studies from across the region. Recently we hosted a webinar called Using Climate to Drive Employee Engagement for Asia-Pacific  (click here for a recording). The audience included participants from Delhi to Sydney, from Tokyo to Singapore.

We were asked a number of questions at the end of the webinar—more than we had time to answer. Here are the ones we couldn’t answer in the webinar:

1. How do you weight the value of training managers in emotional intelligence in relation to the value of training them in change management?

Change management often focuses on the process. Though it’s an essential part of any change initiative, if we don’t address people’s emotional resistance and comfort zones, the process will struggle—or fail. A truly successful change initiative must address both the process and the people to ensure that it has the buy-in required to make it work. This is the value of incorporating emotional intelligence into our initiatives. For specific weightings, look at each organisation/team individually to discern the level of EQ and understand the climate.

 

2. How do you bring managers to embrace the tremendous impact they have on climate?

We help them see themselves as leaders of people—not just managers of a process. Many managers move into a people-leader role because they want to make a difference or a positive impact. We need to empower them to do just that.

 

3. How do you remain optimistic and create a positive climate when you are under-resourced, with no sign of any resource changes in the future?

First of all we need to accept this as the new business reality and get clear about what the opportunities are. Don’t underestimate the impact of the leader buying into the “new” way of doing things. We may not agree with it—but we must accept it as the way things are. How do we make the best of it? How do we use this challenge to grow our leadership practice? We need to invest time daily in developing an optimistic mind-set. Then it is essential that we take the “chess” approach, building on our people’s strengths. It does require an investment up front and a deeper level of strategic thinking, but it will help us and the team to maximise our leverage in all our activities and create a greater level of engagement.

  

4. What different or additional management practices can be used to address a climate in an M&A situation?

Change and ambiguity create stress because we feel as if we are not in control. We feel as if things are happening to us. As leaders, we need to bring back a sense of control, a sense of certainty. If we don’t, we will create a leadership void, and someone or something will fill that void—usually at the watercooler, in less-than-optimistic conversations. Here are four key steps we can take:   

  1. Manage our personal climate. Be in a resourceful, grounded, optimistic state.
  2. Communicate clearly and regularly—even if it is only to say that nothing has changed. Do not allow rumours and gossip to take root.
  3. Set short-term measurable (achievable yet challenging) goals to give the team a sense of accomplishment on a weekly basis.
  4. Shift the focus to what the opportunities are and how we as a team add value to the organisation, the M&A process, and our customers. Ask our team (and ourselves), “What are the opportunities here? What can we learn from this?”

Climate: Climate, the economy and strategy execution – what are our clients saying and doing?

September 25th, 2009 by Forum Corporation

Forum’s FieldVision enables us to capture recent insights and observations about the market directly from interactions with our clients. This month we share some observations about how the current economy is affecting organizational climate and examples of the impact a positive climate has on driving growth and strategy execution.

 

Top 10 ways we see the economic downturn affecting climate in organizations

  1. Employees are worried about losing their jobs, which makes them distracted, risk-averse and less innovative.
  2. Companies are trying to “do more with less,” which puts a strain on the employees they retain.
  3. Salespeople who have been highly successful in the past are finding that the rules seem to have changed (longer sales cycles, smaller contracts, more price pressure, etc.), which is de-motivating.
  4. Managers are findings it challenging to keep people focused and energized.
  5. Some employees have become disengaged and have a negative influence on others.
  6. Companies have fewer resources for rewarding high performance (such as, through big financial bonuses)
  7. Job stress is leading some employees to be less generous towards one another at a time when “playing nice” is especially important. 
  8. People’s stresses outside of work (such as, family members losing jobs, mortgage or credit troubles) is causing them to be less tolerant in relations with others during work.
  9. Managers themselves are questioning their personal commitment to the organization.
  10. Managers fail to recognize how their actions affect the motivation of their employees, especially when they fail to be authentic in their relations.

Examples of how a positive climate has helped accelerate strategy execution in organizations

 

  • A sales manager invested a lot of energy in improving his team’s climate, by going on co-calls, holding informal events (such as, picnics) to show he cared about them, strategizing about accounts and putting the recession in context as a time-bounded issue.  His people are motivated and staying with the company, even though their performance is hindered by a slow economy.

 

  • A residential property management company has invested in training for all employees, to engage them in creating a superior experience for residents.  The initiative has empowered employees to solve customer problems and built a climate of service that employees and residents find rewarding.  Even staff members on the low end of the compensation scale are willing to go the extra mile for customers because they find it intrinsically rewarding.

 

  • An insurance company provided training for its sales managers to create a motivating climate among their salespeople, who are not employees but work on a commission basis.  The teams with the best climate outperformed those with the weakest climate by a wide margin.  The company is ensuring that all managers have the tools and training to create a high performance climate.

 

  • A manager created a motivating climate by changing the way she manages.  Rather than telling employees how to solve a problem, or solving it for them, she now makes a conscious effort to always ask the person how they would solve it.  As a result, her people are not only more motivated but also more capable, as they are continuously learning.

 

  • A new leader of a business unit in an Information Technology company was getting increasingly frustrated by his team not embracing the new direction he was trying to set.  The team continued to hang onto the past.  He asked his team to arrange a symbolic funeral for the “old” business unit and at this funeral they buried the past business unit’s logo and conducted a wake, where people spoke of past glories and past heroes.  Within a week the leader noticed that this acknowledgement of their past was the single action that broke the team free to start look ahead instead of back.  The climate changed noticeably.  Strategy execution was about “letting go” to be able to move ahead.

 

  • An energy company was trying to embed two-way communication as part of the routine of how managers and employees work together.  With the introduction of daily and weekly “line ups,” teams were able to hear firsthand what was going on in the business, as well as provide input and ask questions of their leaders.  Conducting the line-ups up and down the business, with cross-functional visits, allowed people to be more engaged in the business and their work.

High-impact questions you can ask a prospect that are related to the bad economy

May 15th, 2009 by Forum Corporation

This question is from a webinar we recently held on Selling in Turbulent Times. For the entire presention, click here.

By Jeffrey Baker, Senior Methodology Consultant

I offer these answers for those selling to business customers as opposed to consumers.  First, imagine your prospect has told you that only mission-critical expenditures will be approved and that she wants to understand how your product/service is critical to the company’s ongoing business.  This will help you keep a narrow focus for your questions.

Next, prepare a questioning strategy to gain an understanding from your prospect of the mission-critical elements of her business.  Ask general questions that are specific to the prospect’s business.  Then DO YOUR HOMEWORK to answer as many of these questions as you can (even partially), based on other sources of information, prior to your sales call.  This approach enables you to use your sales-call time to confirm your answers with your prospect, demonstrate your preparation for the call and your understanding of the prospect’s situation, earn the right to ask additional questions, and advance the sales process more quickly. 

  • How is the recession affecting your business, and what key actions/initiatives is your company taking in response to the recession’s effects?  Look for positive as well as adverse effects. 
  • What important metrics do senior leaders monitor now? 
  • What is your company doing differently now to stay close to your existing customers?  What is it doing to find and win new customers?
  • What are you customers’ greatest needs and concerns now?  What feedback are you getting from your customers now?
  • How has your company’s competitive position changed (or how is it changing) as a result of the recession?  In what ways is it more competitive?  Less competitive?
  • How has your company (or how have you) changed the way products and services are produced and delivered in response to the recession?
  • Is your company doing more or less innovation now?  Why?
  • Where is your company experiencing its greatest challenges now?  (Possible answers:  Obtaining new orders, converting orders to revenue, collecting receivables, increasing cash and/or cash flow and credit, reducing inventory, increasing stock turns, maintaining or reducing delivery time, utilization rates, employee productivity, getting leaders to take bold action, expanding capacity, quickly acquiring and integrating other businesses, and so on).  (Note:  Every suppliers’ products and services connect in some way to one or more of these challenges.) 

Here are some more general, high-impact questions: 

  • What are the mission-critical parts of your business?
  • What predictive indicators do you watch to monitor the health of your business?
  • Where are the greatest risks to your business now?
  • What keeps you awake at night?
  • If you could change one thing about your business to increase your competitive advantage, what would it be?
  • What one thing do most of your customers want from you that you have not been able to provide?
  • Who do you most rely on for advice and guidance in today’s uncertain times?
  • If you could magically cause all of your employees to do one thing differently, what would it be?

Relevant titles from Forum’s sales and sales leadership learning library can be quickly adapted to the specific needs of a company’s sales force: 

  • Developing a Questioning Strategy for a Sales Call
  • Using High-Gain Questions
  • Exploring Customer Needs, Payoffs, and Consequences
  • Talking Business Results with Customers
  • Talking Business Strategy with Customers

What Do Golf and Leadership Have in Common?

April 30th, 2009 by Forum Corporation

By André Alphonso, Managing Director, Forum India


A few weeks ago, in New Delhi, I happened into the company of one of the leading golf coaches for professional golfers in the Asian tour: Kel Llewellyn, an Australian who coaches several well known pro golfers on the world circuit. I asked him what he focuses his coaching on with his golfers. He replied that at least 80 percent of his coaching effort goes into getting the mind right and prepared for tournament play. Kel explained that, in the pressure-cooker environment of a golf tournament, skill is less important than getting your thinking right. One poor shot can often snowball into a poor performance on a hole, a round, and possibly a tournament. According to Kel, the best golfers are able to recover: in the pressure of a golf tournament, they are able to correct their thinking through their self-talk or internal monologue.

Anyone who has ever played golf knows this is not an easy task. Average golfers are not able to adjust their thinking sufficiently when they are faced with adversity—they castigate themselves and over-think every shot they take. It’s a vicious cycle of thinking that repeats in other rounds and other tournaments.

There are many parallels between golfing and leadership in the current economic times. Leaders all over the world are facing more pressure today:

· They must still achieve results (a task more difficult to execute than it was a year ago).

· They must keep increasingly demanding customers satisfied and loyal in a marketplace in which competitors’ prices are plummeting.

· They must keep their people motivated and focused when their people’s friends and associates have just been laid off.

· After waves of cost cutting in their organizations, they must come up with ways to cut costs even further.

· They are continually inundated with headlines and sound bites about company closures, massive layoffs, and pundits’ predictions of continued economic doom and gloom.

Leaders who have made the cut in their organizations find themselves in a pressure cooker reminiscent of the final round of a golf tournament. If you are one of these leaders, consider your self-talk and the way you explain adverse events to yourself. Answer the following questions in the context of the adverse situation you may be finding yourself in. Do you think that:

· You have little or no control over your current situation?

· Someone or something else is going to have to fix the problem?

· The problem’s impact on you is pervasive and long lasting?

If you answered yes to any of these questions, you are in danger of falling into a vicious-cycle thinking pattern—a thinking pattern that will not work for you, your team, your organisation, or your customers. As a leader you will be sub-optimising your impact.

So you may ask “How do I break this pattern?” Forum has found using four simple tactics effectively will make your self-talk work for you rather than against you:

· Control: What control do I have in this situation? What proof is there that it is completely out of my control? What are the hidden opportunities in this situation, and how can I use them to turn it around?

· Ownership: How can I take ownership and improve this situation? How can I stop wasting time on blaming and/or complaining? What can I personally do to overcome this?

· Scope: What is the scope of this situation? What aspects of my life will it really impact? How realistic is this?

· Time-span: How much time will this situation span? What real proof is there that the ramifications of the situation will be long lasting? What does the evidence really tell me?

How do you practice these tactics? Try them out the next time you find yourself failing on the golf course!

12 Signs of a Team That Delivers Quality With Speed

April 17th, 2009 by Forum Corporation

 

 By Tom Atkinson, Director, Customer Research 

What’s the best way to achieve high-quality results when you’re under pressure to deliver quickly?  A recent Forum initiative provides some clues.  Forum’s leadership team took an innovative approach to identifying new business opportunities in today’s demanding economic environment:  It created five cross-functional teams and assigned each team the task of building a business case for a potential new learning offering.   

Each team had five members (representing marketing, sales, consulting, project management, and R&D), as well as a sponsor from the executive leadership team.  Team members were distributed globally, and they had to accomplish their work without traveling.  The teams’ job was to research their topic, design their solution, create a plan, and prepare to present it to the leadership team in 3 weeks.

 

Forum’s research team has been studying speed, so this initiative was interesting to the team as a “natural experiment” in speed.  Since all five cross-functional teams had the same deadline, their overall “speediness” didn’t vary, but we expected that some teams would deliver higher-quality results than others in the designated time frame.  We focused especially on the cross-functional teams’ climate, because the link between climate and results is well established by the research of Forum and others (see, for example, Robert Stringer, Leadership and Organizational Climate, Prentice Hall, 2002).

 

After the cross-functional teams completed their work and made their presentations, we surveyed the members about their experience and, in particular, the factors that affected the quality of their work.  All of the teams’ members thought they had done a good job overall:  their ratings ranged from 4.0 to 4.8 on a 5-point scale.  In order to understand what distinguished the top-quality teams from the others, we created two groups of respondents:  team members who rated their team’s quality 5 (7 people) and those who rated it less than 5 (12 people).  We labeled these two groups “higher quality” and “lower quality.”

The higher- and lower-quality groups differed significantly (p<.05) on how they rated their team’s climate on these 12 dimensions (listed in descending order of strength): 

·         Courage and persistence demonstrated in addressing organizational challenges and roadblocks.

·         Team members connected to the work emotionally and intellectually (that is, they were engaged).

·         Specific team performance goals were clearly established.

·         Standards of excellence for individual performance were defined.

·         Team members were encouraged to challenge assumptions, confront brutal facts, and speak with frankness and honesty.

·         The initiative’s goals and the organization’s strategy were clearly linked.

·         Team members rewarded innovation and calculated risk-taking.

·         Team members were free to identify and correct their own errors in their own way.

·         Team members took ownership for their performance, individually and as a team.

·         Team members were encouraged to use their own judgment in solving problems.

·         A bias for action was prevalent.

·         There was a high degree of trust among team members.

 

 team-climate1

 

What actions can a team leader take to achieve the best results in the shortest time?  These findings suggest that the three most important things for leaders to pay attention to are:

 

1.      Communicating the team’s mission in such a way that everyone understands and buys into it, and knows how he or she contributes

2.      Creating a climate that fosters lively and frank debate, open-minded thinking, and experimentation

3.      Appealing to people’s hearts and minds, not just getting the work out

 

Interestingly enough, formal rewards, and even recognition and praise, didn’t make the top-12 list for achieving top quality.  Apparently, if team members are fully engaged and committed to working together, the work has enough intrinsic value; members don’t need special attention or financial bonuses to encourage them to do a superior job.

 

This is only one small experiment; we wonder how broadly the findings might apply.  What do you think drives speed and quality most in your company?