Date post: | 21-Jan-2017 |
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Leadership & Management |
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How to create a “Culture” of Execution and Sustainable Employee Performance!
The Impact of a Company’s Culture on increasing Revenues and Profits
Profit is an outcome of a company’s culture.
A company’s culture is a direct result of the “effectiveness of managing and developing people well”. People and their development enable profit. Enable people and you enable profit.
Organizations which approach training and development from this standpoint inevitably foster people who perform well and progress.
Learning is not merely gaining knowledge. It’s about “translating knowing what to do into doing what we’ve learned.” It’s about CHANGING! If we have not changed – we really have not learned!
- Jim Collins
The process to create a “Culture” of Execution and Sustainable Employee
Performance!
• Over 70% of today’s executives fail to create and execute a powerful strategic plan. Those that do typically double their business in 3 years -
Harvard Business Review, Nov. 2010
• About 10% of strategies effectively formulated are effectively executed
- Fortune Magazine, October 2011
• “Execution is the missing 98% for success in business
- Tom Peters, “Leadership - Inspire, Liberate, and Achieve
How well to companies do these “Three Basic Things Well?”
• Only 15 % of CEO’s spend at least one hour per month on their company’s strategy.
• Only 10% of employees have an understanding of their company’s strategy.
Why not?
Effective Strategic Thinking Making MUST begin with analyzing information
which includes input from all stakeholders of the company
We have found that understanding your company’s Unique Value Proposition (UVP) is
where to start – then engage company in SWOT analysis; Employee Survey; and Defining
Company’s key processes
A Harvard Business School study on goal achievement
Dr. Gail Matthews, Ph.D. proved that there are 3 specific activities that make it 67% more likely to achieve your goals
“My study provides empirical evidence for the effectiveness of three execution tools:
43%50%
61% 64%
76%
Unwritten Goals Written Goals Written GoalsFormulate Action
Written GoalsFormulate Action
Commit to a Coach
Written GoalsFormulate Action
Commit to a CoachProgress Reports
% of Goals Achievement
1.Writing down one’s goals2.Accountability3.Commitment
Typical Client Impact of PI Behavior/Assessment Tool:
Human Capital Management 29% reduction in turnover 22% reduction in misfires 15% reduction in training fees
Employee Engagement Improvement 18% increase in communication 13% improvement in teamwork
Operational Excellence 16% increase in revenue 15% annual increase in growth 12% increase in sales close rates
Predictive Index is widely adopted skill and behavior assessment test used by organizations to gain a deeper understanding of the “Natural Workplace” interactive styles of employees
“Critical” in effectively engaging them in building the right “Culture”
How we integrate the Predictive Index into our leadership training
Step 1 – Determine
Behavior/Personality Pattern
Step 2 – Understanding your “Natural Workplace” behaviors from your P.I.
pattern determined in Step 1
Step 3 – Once you understand your “Natural
Workplace” behaviors we determine the New Actions & Behaviors that will improve
your leadership skills
Step 4 – Training/Role Playing on how to execute New Actions & Behaviors
Other Side of Card
“Repetition is the Mother of Success”
- Peter Drucker
“Why” Company CEOs and Owners say their Culture MUST change
91% say the pace of change in all aspects of business
86.5% is ability to increase sales has become more difficult
77.5% say how work will need to be accomplished will change
66.3% indicate all of the above will require organization structure changes
85.4% will have to change how they engage employees for Co. to improve in the future
80% will need their management team to improve their engagement/communication skills
73.3% will have to become better in their critical thinking /decision making
72.3% say eliminating silos between departments to improve collaboration
Strategic Decision Making leading to Successful Results
Departmental and/or Individual
Goals (KPIs)
Revenue, Gross Profit &
Net Income
Cash & Balance Sheet
UVP
John D: New Actions & Behaviors
1-I will allow others to express their points of view first to build trust and encourage a safe environment of communication .
2- Engage with coworkers more about discussing our path forward and communicate with them to understand their motivations, challenges and personal goals.
3- I will get buy-in from those who support my business by establishing key performance indicators with them and, where appropriate, from their supervisors.
“Customized” Leadership Skills Training
Based on
P.I. Skill & Behaviors Assessment
Step 5 – Training/Learning applied to
“ACTUAL” individual; department;and/or corporate objectives
Step 5 – Training/Learning applied to
“ACTUAL” individual; department;and/or corporate objectives