“Accountability is one of the biggest challenges business leaders face, but it can also be one of the most important factors leading to success.” Greg Bustin
Top business consultant and speaker Greg Bustin has dedicated a career to working with CEOs and the leadership teams of companies on this crucial topic. Over the last five years, he has interviewed and surveyed more than 3,200 executives around the world–from such admired companies as Marriott, Container Store, Ernst & Young, Sony, Herman Miller, Nucor, and Southwest Airlines–to understand how high-performing corporations successfully create and sustain a culture of purpose, trust, and fulfillment. Along the way, Bustin developed a set of leadership tools that will increase accountability and drive success for any type of organization.
Here are the Seven Pillars of Accountability that came out of his research:
If you would like to integrate accountability into your company, join Greg on September 4th for the Soundview Live webinar, The Key to Driving a High Performance Culture. Greg will provide powerful concepts and practical examples you can apply in your organization along with provocative questions and useful exercises to help you create a high-performance culture in your workplace.
The inability to elevate thinking in order to set strategic direction can have devastating long-term effects on an organization. Research by The Conference Board has shown that 70 percent of public companies experiencing a revenue stall lose more than half of their market capitalization. Additional research attributes the primary cause of these revenue stalls to poor decisions about strategy.
Rich Horwath, in his book Elevate, points to 10 strategy challenges faced by today’s companies:
2. Commitment (buy-in)
3. Lack of Priorities
4. Status Quo
5. Not understanding what strategy is
6. Lack of training/tools for thinking strategically
7. Lack of alignment
8. Firefighting (being reactive)
9. Lack of quality/timely data and information
10. Unclear company direction
One of the key issues Horwath points out as a problem for companies, is their confusion about what strategy really is. There is confusion between Goals, Objectives, Strategy and Tactics. Horwath provides a tool he calls the GOST tool, to help companies clarify what strategy really is, and to separate it from goals, objectives and tactics.
He also provides what he calls the three disciplines of advanced strategic thinking:
• Coalesce: fusing together insights to create an innovative business model.
• Compete: creating a system of strategy to achieve competitive advantage.
• Champion: leading others to think and act strategically to execute strategy.
If your company struggles with strategic thinking, then we invite you to join us and Rich Horwath for our next Soundview Live webinar, The Three Disciplines of Advanced Strategic Thinking, on August 21st. Rich will unpacked these strategy concepts, and take your questions.
Les McKeown has some good news for everyone who struggles with leading or the anticipation of leading in the future: You Can Lead!
First we should consider McKeown’s definition of leadership, because it’s not what you might have heard before: “Leadership is helping any group of two or more people achieve their common goals.” It’s that simple. And this is Mckeown’s point. We have made leadership too complicated, and in the process have removed some people from consideration as leaders.
McKeown next dispels myths about leadership that have led to this misunderstanding:
• Leadership isn’t about charisma
• Leadership isn’t about genius
• Leadership isn’t about position
• Leadership doesn’t have to be heroic
• A leader doesn’t have to be a certain type of person
• Leaders don’t only lead from the front
• Leaders are not only revealed in a time of crisis
Clearly, this opens up the ranks for more individuals to take leadership roles as the need arises. So if you would like to learn more about how you can step up to lead, join us on August 19th for our Soundview Live webinar with Les McKeown entitled You Too Can Lead. You’re sure to learn key principles that will help you in your own leadership role.
What is a megatrend? In their book Leadership 2030, Georg Vielmetter and Yvonne Sell explain that a megatrend has three dimensions: Time – it’s observable and can be predicted with high probability at least 15 years into the future, Reach – it affects all regions and stakeholders, and Impact – it fundamentally transforms policies, society and the economy.
Through their research with Z-Punkt and the Hay Group, Vilemetter and Sell have uncovered six megatrends that we need to be aware of in the near future:
Globalization 2.0: Asia dominates the global economy
Climate change: Sustainability becomes imperative
Individualism: Freedom of choice erodes loyalty
Digitization: Boundaries blur between private and working lives
Demographic changes: Aging populations intensify the talent war
Converging technologies: The sharpest tech shift in history is around the corner
If you would like to hear more about these megatrends and how they will impact your business, please join Vielmetter and Sell at our Soundview Live webinar on August 7th entitled The 6 Megatrends You Need to Know About. You’ll learn how these megatrends will affect your sector of business, and what you can do to prepare for and take advantage of these trends.
Turning around floundering companies requires effective management at all levels of the organization. But how is this achieved? What must management do to be effective?
Jim Burkett knows something about making the right things happen. He has turned around twenty-eight underperforming and troubled companies, from Fortune 500 companies to smaller public and private companies, throughout the United States, Canada, and Europe.
Burkett has come up with a tool kit for turning around companies that includes:
- Measuring performance
- Real-time reporting
- Problem solving
If you are facing the daunting task of helping to turn around your company, then you’ll want to join us for our Soundview Live webinar The Learned Disciplines of Management, coming up on July 29th. You’ll hear more about his tool kit along with practical examples of how turnarounds can happen.
Join us and invite your whole management team. And make sure to bring your questions to post for Jim to answer during the webinar.