Posts Tagged ‘strategy execution’

In 100 Words: When to Quicken Your Team’s Pulse

Wednesday, March 15th, 2023 by AdvisorCatalyst

Your team’s pulse is the frequency of your team’s meetings.  There are two situations where leaders need to quicken their team’s pulse.

One is defensive – for fast, critical decision-making in dynamic or fluid environments.  Think crisis management.

The other is offensive – for accelerating important initiatives.  This will instill urgency around the few priorities which will best advance your organization.

It’s okay if the meetings are shorter.  The most important thing is connecting.  What happened since we last met?  What needs to be accomplished next?   What resources or decisions are required to move forward?  Go ahead, quicken your team’s pulse rate.

“Leadership is all about people. It is not about organizations. It is not about plans. It is not about strategies. It is all about people–motivating people to get the job done. You have to be people centered.” Colin Powell

Click here if you would like “In 100 Words” delivered to your inbox twice each quarter.

Share

In 100 Words: X-Factor for Organizational Success

Monday, January 31st, 2022 by AdvisorCatalyst

You have likely heard three commonly claimed factors, in various priority, at which you must excel if you want to succeed – strategy, execution and culture.  These are all important, but what if the X-Factor is a strong, effective leadership team? 

Let’s assume this is true…   Do you:

  • fret over having the right, best people possible on the team?
  • consciously work to increase team cohesion?
  • identify ways to improve capacity, speed of decision-making, setting priorities and follow-up on commitments?

Operating as if your leadership team is the X-Factor should cause you to shift work time and still accelerate the other factors.

“It’s the little details that are vital.  Little things make big things happen.”   John Wooden

Click here if you would like “In 100 Words” delivered to your inbox twice each quarter.

Share

In 100 Words: Certainty is a Mirage

Monday, November 1st, 2021 by AdvisorCatalyst

Leaders should become comfortable making decisions with probability-based thinking. The future is uncertain and the environments in which we operate are fluid.

Some leaders get stuck waiting for more information, a better view. It appears certainty is just ahead… one last question, one final piece of information. But, certainty is a mirage. As soon as you receive the information “certainty” evaporates like the proverbial desert oasis shimmering in front of you.

Two dangers of certainty-thinking:
• Decisions bog down and progress slows
• Absolute-outcome thinking closes off to options for alternatives.

There comes a time decisions must be made and actions taken.

“…logical method and form flatter that longing for certainty and for repose which is in every human mind. But certainty generally is illusion, and repose is not the destiny of man.” Oliver Wendell Holmes, Jr.

Click here if you would like “In 100 Words” delivered to your inbox twice each quarter.

Share

In 100 Words: When to Say No to Good Opportunities

Monday, February 1st, 2021 by AdvisorCatalyst

Most organizations rarely experience a shortage of good opportunities. What is not rare, though, is a shortage of attention span, time, and resources. Despite these limitations, leaders hesitate to keep resources focused on developing the opportunities already in process and say NO to new opportunities.

We get excited and over-value potential returns of the new opportunities. This reveals the flip-side – we under-value the harvest to be gained by bringing our current BEST opportunity to fruition. Fully invest in the opportunity selected as BEST for now until it is mature. Once it is harvested, plenty of new opportunities will be waiting.

“The art of leadership is saying no, not saying yes. It is very easy to say yes.” Tony Blair

Click here if you would like “In 100 Words” delivered to your inbox twice each quarter.

Share

In 100 Words: Iterate without Lurching

Monday, September 16th, 2019 by AdvisorCatalyst

How do you rate a leadership team’s strategic ability? One thought – look at the team’s ability to iterate strategically without lurching wildly in different directions. Can the team adapt the organization’s strategy to produce more than one economically successful business model over time? Time, in this case, is a decade plus. Success for that duration typically involves at least one business model shift when you consider changing customer preferences, technological advancements and competitive forces.

On this course, teams will need to master two key elements:

• strategy thinking – both the creative and analytical aspects, and
• execution – consistent, disciplined action over time.

“There is another old poet whose name I do not now remember who said, ‘Truth is the daughter of Time.’” Abraham Lincoln

Click here if you would like “In 100 Words” delivered to your inbox twice each quarter.

Share

In 100 Words: Road of Routines

Thursday, August 1st, 2019 by AdvisorCatalyst

Operational success runs down the Road of Routines. Leaders strive for consistent execution while avoiding two ditches.

The Ditch of Boredom – the numb, drained feeling from efforts to keep staff working good disciplines consistently. Leaders may pursue new ideas simply as an escape. The organization careens from one new idea to another.

The Ditch of Process Lock – the pull to become too comfortable and never change processes. People may begin idolizing the process itself. The organization slides into complexity and bureaucracy.

Staying out of the ditches allows leaders to enjoy both the journey and destination on the Road of Routines.

“For every mile of road there are two miles of ditches.” Irish Proverb

Click here if you would like “In 100 Words” delivered to your inbox twice each quarter.

Share

In 100 Words: Swarm Your Priorities

Wednesday, May 1st, 2019 by AdvisorCatalyst

Visualize a swarm of insects or birds in nature moving en masse then descending on and devouring a food source with shocking speed. They completely overwhelm the present condition.

This is the mental picture for how your team should tackle top priorities. Swarm – fully activate and intensely concentrate people and resources to overwhelm the obstacles to accomplishing the objective. Such singular passion and effort will create enough energy to break the inertia of the present condition. Conversely, chipping away at the priority with too few resources applied too late will leave you short. Swarm early and descend on the priority.

“It is not always what we know or analyzed before we make a decision that makes it a great decision. It is what we do after we make the decision to implement and execute it that makes it a good decision.” William Pollard

Click here if you would like “In 100 Words” delivered to your inbox twice each quarter.

Share

In 100 Words: Maximize Trade-offs

Thursday, January 31st, 2019 by AdvisorCatalyst

A perfect option does not exist for many choices we make. Rather, the decision involves a trade-off between a set of upsides and downsides; advantages and disadvantages. We try to balance the trade-offs. Oddly enough, though, we sometimes become concerned when the expected downsides occur. Hoping for a better solution, we work to amend the negative trade-offs without realizing we may miss the full benefit of the positive trade-offs in the process.

Don’t waste energy on the downsides if you want to maximize decision trade-offs. Identify the trade-offs. Get comfortable with your decision path. Enjoy the upsides of the trade-off!

“There are no solutions; there are only trade-offs.” Thomas Sowell

Click here if you would like “In 100 Words” delivered to your inbox twice each quarter.

Share

In 100 Words: Pattern or Anomaly?

Friday, September 14th, 2018 by AdvisorCatalyst

How well do you distinguish between patterns and anomalies when assessing an issue? Sometimes we approach anomalies as if they were patterns and waste resources. Two types of anomalies should give us caution – problem anomalies and success anomalies. Our key risk with problem anomalies is we end up increasing complexity, frustration and cost by adding processes across a broad array of activities in the organization to ensure “X never happens again.” Create process solutions to problems that exhibit a pattern. Train staff to navigate anomalies as they arise – greater freedom and less process.

Success anomalies will be next edition’s topic.

“To understand is to perceive patterns.” Isaiah Berlin

Click here if you would like “In 100 Words” delivered to your inbox twice each quarter.

Share

In 100 Words: Be Patient with Pivots

Friday, June 15th, 2018 by AdvisorCatalyst

The pace of market change has many organizations currently in some stage of a business model pivot. To successfully execute the shift leaders should actively:

1. Engage deeply in early conversations and projects with customers. Listen closely and iterate quickly.
2. Shape the “Why and How” message to people inside the organization. Repeat yourself frequently.

It will require patience to see the full pivot… the change will likely take longer than initially anticipated. People need time to adjust their thinking and behaviors. It also takes effort to build new capabilities and the related inter-linking delivery systems. Give the pivot time.

“The strongest of all warriors are these two — Time and Patience.” Leo Tolstoy in War and Peace

Click here if you would like “In 100 Words” delivered to your inbox twice each quarter.

Share