Smart Execution:
It’s the role of today’s CEO to optimize the organization’s thinking ---not to be the smartest person in the room.
Indeed, if the CEO always has and provides the answers, direct reports quit functioning as thinkers.
Without meaning to, these CEOs actually diminish the overall IQ of the organization.
On the other hand, when the boss treats the executive team as thought partners, holding them accountable for rigorous thinking about the business, better decisions ensue.
Unless these expectations become a part of the corporate culture, rigorous performance, if it ever existed, eventually fades.
A process supporting thought partnerships supports and sustains the intellectual standards required for extraordinary performance.
An effective way to introduce this thought partnering process is to frame it as a business review process.
The process is then enacted through ongoing business conversations within the context of the business’ game plan.
Whether the game plan is described as the business idea, or in terms of the company’s brand promise, the goal is to achieve agile performance that is aligned with the company’s strategic intent.
Many companies lose value or market momentum because individuals or specific units work to optimize their own success rather than the success of the organization as a whole.
Optimizing individual success is a leftover from the beginnings of the industrial revolution. It’s counterproductive in the current business environment.
In our fast-moving world, value creation is a complex endeavor, which requires seeing the big picture.
To create value and generate success, it is critical to understand how your role and those of your business partners have to be played together.
Building And Sustaining High-Powered Action Cycles:
Building extraordinary execution is all about people with a shared purpose working together to create the best outcomes for the organization as a whole. What’s involved?
- Sharing a clear, worthy purpose
- Being able to get information
- Understanding their roles – individually and collectively – in creating value
- Knowing what constitutes the “best outcome”
- Disciplined thinking and solid decision making
- Being able to anticipate events/obstacles within the context of the business idea
- Focused, rapid, measured execution
Let’s look at how you can create and coordinate these elements. The diagram on the next page illustrates the process for high-powered action.