 |
|
Event
Detail
The
Strategic Leader with Bonnie Gorbaty Million
$ Circle Recap
May
19, 2005
Sponsored
by Mintz Levin & North American Management
Based on notes taken on easel pads
at the event.
Best practices: Strategic
Planning
-
Do a yearly strategic planning
exercise with your company
-
Evaluate mission/vision and
commit them to paper (living document)
-
Establish a sense of real
culture
-
Develop/convey clear strategic
goals
-
Share numbers with employees
to help increase awareness of the bottom line
-
Review your strategic direction
and progress against goals at least 3x/year. Consider hiring an outside
facilitator to keep the meetings on track.
-
Knowing where you are in
the business cycle can help you avert disaster, adjust your strategic
plan, and re-assess your progress
-
Invest time in finding the
right client/customer fit for your company, since these are the most
profitable and will become your best referrers
Talk about accountability with
employees
-
Share your mission/vision
with employees and involve employees in goal development. Brainstorming
can help build inclusivity.
-
Help employees understand
the “what” and “why” of their responsibilities
-
Build a culture of accountability
– this ties into revenue goals
-
Story-telling helps communicate
strategy to employees
Best practices: Building
Corporate Culture
Finding
the right employees to match your company's culture
-
If an employee is not a good culture fit, it's better to let him/her
go sooner rather than later. You can't teach values.
-
Hiring
Manager is key to bringing in employees who fit with culture
-
Outside consultants can help find the “right people for the bus”
-
Your culture can offer negotiation power – you might not offer the
most compensation, but a great culture can be a significant draw
Role
modeling for you as the company's leader
-
Actions speak louder than words
-
Be
open about your own mistakes as a leader
-
Hold
yourself accountable to your employees
-
Focus
on communicating company values all the time, everyday
-
Devote
face time to your employees, not just emails
Ideas
that work
-
Weekly
staff brainstorming sessions
-
Regular
“accomplishment” meetings: let employees share their successes and
learnings with others in the company who might not be aware of what's
happening
-
Set
up company-wide processes that establish the “right way” to do things
and prevent emergencies
-
Rewards
and recognition programs: let employees reward each other for going
the extra mile. Doesn't have to cost a lot of money!
.
.
|
|
