dijous, 15 de desembre del 2016

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Most people recognize that execution is a critical skill and strive to perform it well, but they may a) underestimate how important it is to their career advancement or b) not realize that you can improve on execution without working longer hours.
On the first point, bosses place a premium on execution, which we define as the ability to achieve individual goals and objectives. In fact, when we asked senior managers to indicate the importance of this ability, they ranked it first on a list of 16 skills. Other raters in the organization ranked it fourth, behind inspiring and motivating, having integrity and honesty, and problem solving. We recognize that there are many parts of your job that are important, but if you want to move ahead in your career, it might be time to double down on simply getting more stuff done – it’s what your boss wants to see.
Which brings us to the second point. Many managers react with defensiveness or despair to this news; after all, most of the managers we know already feel like they’ve got too much to do. People who are lethargic, slow, or unfocused are rarely (at least in our experience) promoted to upper management positions. The leaders we know already work hard and long – and working harder and longer is not a viable option. In the short term this typically yields improved results, but in the long term leaders burn out. And if they’ve pushed their teams to do the same, team members quit.
But our data – gleaned from tens of thousands of 360-degree performance reviews — tells us that there are more sustainable methods of improving execution. We looked at thousands of leaders who were rated as being highly effective at execution and looked for the coinciding behaviors that enabled this skill. We found a set of behaviors that improve execution. Four behaviors in particular stood out:

Be clear and methodical

Many people who are energetic about execution tend to jump into activities and take action before they get organized, create a plan, or connect what they’re doing to the strategy of the organization. Having the discipline to organize people, assemble resources, and then generate a plan that others can commit to will collectively improve execution. So will making clear who is doing what; we have learned that when everyone is collectively responsible, that no one is responsible. Providing others with clear direction and a sense of connection to the strategy of the organization helps people understand how the work they are doing dovetails with the organization’s mission.
If you are quick to jump into action and tend to start project without a well-organized plan of attack, or if you get feedback on your lack of planning and organization, this suggestion might be one to focus on. An individual contributor might be able to get away with being disorganized, but it rarely works out well at the senior management level.

Set stretch goals and deadlines

Setting stretch goals helps the group achieve their objectives and generates greater engagement and satisfaction in team members. To push the group to achieve those goals, pair them with deadlines. While we may not like it, when someone gives us a deadline, our behavior changes. Simply setting deadlines for goals and objectives goes a long way toward achieving those goals and objectives! If you resist setting stretch goals for your team, start by asking your team questions like, “What would it take to accomplished this goal two weeks earlier?” We find that by challenging your team and supporting them in accomplishing a difficult goal, team members actually feel more engaged and satisfied with their jobs.
But don’t go overboard; we’ve also found that too much pushing can erode trust, which will hurt execution in the long run. When an untrusted leader asks for additional effort, people question their motives and resist their requests. Moreover, involving your team in the process of setting goals deadlines will increase their sense of commitment and autonomy.

Give more feedback, especially more positive feedback

This is all about improving execution through intrinsic motivation, rather than through goals and deadlines. Leaders who are great executors are skilled at giving feedback. Specifically, the leaders who rate most highly are those who deliver critical feedback by taking the time to listen to and understand their employees’ perspectives, rather than simply dropping a difficult message on someone and ending the conversation as quickly as possible.
But where we really saw a major difference was with positive feedback. Specifically, we found that leaders who are great at execution give a lot more positive recognition. Our research indicates that while giving a little more recognition did not affect execution, being above the 65th percentile on this skill had a major impact.

Resolve conflict and build team unity

Have you ever been part of a team so great that you love coming to work? Teams like this probably do all or most of the above – work assignments are clear and processes make sense, deadlines are ambitious but fair, and feedback is plentiful – but they also do something more. On these teams, it’s not just the boss motivating team members — the expectations of peer team members are powerful motivators, too. Creating this kind of team culture is an important element of good execution. While there’s a lot that goes into building high-performance teams, in our experience, perhaps the biggest single thing for leaders to focus on is resolving conflict. That’s because many of the problems within a team come from differences and conflict between team members; on high-performing teams, team members trust each other and conflict is constructive, not destructive or personal.
As you think about your ability to execute we feel that all four of these dimensions are critical. You may focus on one or two and find that one is lacking. But our research shows that balancing all four of these factors is the strategy that will improve execution most of all.
Finally, if you’ve made it this far and you really feel like you’re already doing all of these things, and yet somehow you’re still perceived as having an “execution problem,” consider this: in our research, we also found that there’s almost a one-to-one relationship between leaders who are seen as fast, and those who are seen as great executors. Previous work we’ve done has shown that some of the above things – setting stretch goals, having clear processes in place, and building trust, for example – will help you move faster. But you may also need to give your peers and bosses more evidence of your speed by, for example, being more transparent about how many projects you’re working on and where they are in your pipeline.

dimarts, 3 de maig del 2016

What makes great salespeople


What makes great salespeople





In this Harvard Business Review article, Ryan Fuller, CEO and co-founder of VoloMetrix, discusses the behaviours that drive success in sales.

VoloMetrix’s research identified the behaviours that drive sales: more time spent with customers, larger internal networks and more time spent with managers and senior leadership. While these sales drivers might seem intuitive, according to the data, the details matter. Here is how:
  • Customer engagement
    Customer engagement is not about merely spending time with more customers. Time spent with customers is imperative. However, further analysis reveals that degree of focus can matter as much or more than total time. The focus should be on building deeper relationships with fewer customers rather than a wider group yielding suboptimal engagement.
  • Internal networks
    Building internal networks and spending more time with leadership are necessary for being successful in sales. However, building relationships is not about attending numerous meetings, especially those with 20-something attendees. Measuring relationships involves both a frequency and an intimacy component. To build a strong relationship, there should be frequent interactions (at least twice a month) with a relatively intimate group (five or fewer people). Thus, to establish a large network, you have to frequently interact with many people on separate threads.
  • Energy
    Sales is hard work and top performers put in more time than low-performers. However, simply working harder is not the key. The key is in understanding that every hour is precious.

Understanding these details can help leaders set up their teams for success.

divendres, 29 d’abril del 2016

Is there room for intuition in the data-rich world?

 
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Is there room for intuition in the data-rich world?



In this article in Graziadio Business Review, Mark Mallinger, professor of applied behavioural science at the Graziadio School of Business and Management at Pepperdine University, and Matt Stefl, Clinical Professor and Co-Director of the M-School programme at Loyola Marymount University’s (LMU) College of Business Administration, discuss the dichotomy between rational thought and intuition and emphasise the importance of integrating both in order to enhance the quality of decisions, especially in data-rich environments.

Strategic decision-making is a critical role of leaders, for which they rely on facts, intuition and statistics. Today, technology gives access to unlimited data and provides different methods of data analysis.

However, there are a few pitfalls of relying heavily on sophisticated analytical tools/models/algorithms and quantitative decision frameworks for complex decisions: the input may not always be accurate, complete and reliable; a focus on granular data may ignore the big picture; more information does not guarantee a better choice; some data analysis results may raise more questions, complicate or confuse decision-making. Also, data promises certainty, but blindly following this certainty may lead to disastrous consequences.

Therefore, leaders should use both intuition and big data when making decisions. In data-rich environments, leaders should follow these guidelines to ensure quality decisions:

  • Clearly define the objectives, examine whether the objectives validate the data or whether the data is being used to achieve the objectives.
  • Evaluate the available data objectively and have experts validate the data. Do not attach undue importance to data.
  • Listen to gut feelings, especially in the early stages of the decision-making process. Do not dismiss them without a second thought.
  • Be aware of emotions regarding actions. Do not allow any emotions to influence or prejudice decisions.
  • Step back and think reflectively. Question assumptions and consider other options. Keep an open mind and adopt a broad perspective.
  • Seek contradictory viewpoints. Question the validity of decisions and actions. Examine the limitations of decisions.

Big Data Decision Making, Graziadio Business Review

Helping people embed corporate values


Five drivers encourage employees to make the organisation's desired purpose, brand and culture a reality.
In this Gallup Business Journal article, Nate Dvorak, a Researcher in Predictive Analytics at Gallup, and Bryant Ott, a writer and editor at Gallup, discuss five drivers that enable organisations to achieve their desired identity, according to Gallup's research.
Organisations often make claims of their purpose and identity, but fail to live up to them. Gallup's research at a client company reveals that employees who are more aligned with their organisation's identity perform higher on key business performance metrics than the ones who are less aligned. Likewise, customers can identify companies that deliver on their brand promise and those that do not and act accordingly. 

Addressing these five questions can help leaders encourage employees to achieve the organisation's desired purpose, brand and culture:
  • What messages do the company's leaders convey?
    Leaders should effectively define, display and communicate the company's purpose and brand so that it influences employees to behave in accordance.
  • Do the organisation's values reinforce its identity?
    Values should be explained and exhibited in a manner that reinforces the organisation's identity.
  • Who works for the organisation?
    Creating a culture that delivers on the company's purpose requires selecting, engaging and developing employees in ways that introduce and reinforce the organisation's values.
  • Is the organisation's structure aligned with its identity?
    An organisation's processes and structure influence the perception of customers and employees. Aligning an organisation's structure with its identity is essential in achieving its highest potential.
  • Are the company's measurement and performance systems aligned with its identity?
    Business performance is maximised when a company's measurement and performance systems are aligned with its identity.

dimecres, 27 d’abril del 2016

Making culture stronger and healthier every day

Culture isn't created by accident. And it is not something to be managed but rather something to be led.
In this article in Leader to Leader Journal, Mike Myatt, a leadership advisor to Fortune 500 CEOs and boards of directors, discusses five critical areas for building a sustainable culture. The article is an adaptation from Myatt's book Hacking Leadership.
It can be noted that a number of leaders talk about culture, but work little towards improving culture. Myatt discusses five critical areas for building a sustainable culture. He states that great corporate cultures are intentionally built by design:
  • Culture and strategy go hand in hand
    Culture is extremely important for the success of any organisation. However, if it is built without a strategy or not driven by the strategy, culture can prove hazardous. A strong and healthy corporate culture requires the corporate strategy to be its key driver.
  • The best construct for a successful culture needs to be selected
    Culture is less about complex frameworks and more about people. Leaders should understand that culture is not something that requires managing but something that requires leading.
  • Leadership and management should work together
    Leadership and management need to coexist and work together in order to bring out the best in them. However, in recent times, businesses have created a culture of management, but what they really require is a culture of leadership.
  • Leadership should be ubiquitous
    In order to create a culture of leadership, think of leadership as ubiquitous and not scarce. Every person in the organisation should be able to lead.
  • It takes courage
    Creating a culture of leadership requires a tremendous amount of courage.