The Leadership Rules of the Road You Must Address
On Your Way to Stage Five (58 – 95 Employees and Beyond)
Stage 5 is About Integration: Planning with purpose key to success
Many are discovering that strategic planning is not all it’s cracked up to be.
In fact, pick up a copy of the January 2006 Harvard Business Review and you’ll find that
strategic planning sometimes only serves as a mechanism to ratify decisions that were made months before.
Getting bogged down by your company’s strategic planning process can paralyze a workforce.
The complexity of your world will increase with the addition of more employees and so will your decisions.
I know planning can be a critical element of the success of any enterprise. However, planning for planning sake will not make a significant difference. You have to be able to identify the key decisions that must be made and when to make them.
Be sure your goal is to plan with a purpose.
Take a proactive stance and think in terms of shifting the planning process forward by utilizing
the following Stage 5 rules of the road as a foundation:
The Five Leadership Rules of the Road for Stage 5 with 58 to 95 employees and beyond:
Rule #1: Overhaul the business model.
- Challenge all assumptions regarding vision, mission, goals, objectives and strategies of the company
- Challenge all assumptions about the customer, the competition, the market and your company’s offerings
- Reorganize/rewire the company’s resources to meet the new business design conclusions
Rule #2: Integrate the management team into an inter-dependent, executive-focused leadership unit.
- Research and design a comprehensive leadership team decision-making process
- Facilitate the leadership teams comprehensive understanding of the company’s detailed flash sheet or dashboard
- Unify the team by co-authoring a team mission and five clear leadership team goals to achieve the mission.
Rule #3: Establish a one-year operational business plan.
- Have your leadership team author the company’s strategies and initiatives
- Have each leader provide operational input from their area of responsibility
- Organize and integrate a tactical plan with the implementation of the company’s budget
Rule #4: Establish a fully integrated living budget by revenue group and by department.
- Develop a comprehensive budget template by revenue group and department
- Drive the budget process by the one-year business plan process
- Review budget assumptions and actual results at every monthly leadership team meeting
Rule #5: Allocate three percent of staff compensation for staff training.
- Organize annual purpose and objectives of employee training to fit the needs of the company’s business plan
- Communicate staff training opportunities to the entire employee community
- Establish staff training as part of the employee performance scorecard
Always Remember This!
A basic principle of effectively managing growth; what you don’t take care of in
one stage of growth doesn’t go away–it follows you to the next stage when
there is more complexity and a new set of challenges.
Be Certain You Are Not Behind on Addressing the Rules of the Road From a Prior Stage.
Get a Free Growth Stage Strategy Session With Me to Discuss How to Be Sure You Have Completed the Work as You Go. Begin by Completing the Growth Strategy Survey.
Then, we will schedule a FREE debrief call.