Effective leadership is all about strategy. Leaders need thought-out strategies to connect with their employees and customers to develop a unique culture within your organization. Soundview has three new Soundview Executive Book Summaries that help you approach your management or leadership role with valuable strategies.
by Greg Bustin
Accountability by Greg Bustin Greg Bustin, business and leadership consultant, offers insightful concepts and practical examples from real-life experiences that will increase accountability and drive success for any type of organization in Accountability. He introduces the Seven Pillars of Accountability: character, unity, learning, tracking, urgency, reputation and evolution, and how to sustain a high-performance culture for a thriving business.
by Aaron Hurst
The Purpose Economy by Aaron Hurst The Purpose Economy describes the shifts in American economy and set of ways in which people and organizations are focused on creating value. Globally recognized entrepreneur Aaron Hurst examines three types of purpose that are transforming the economy: personal, social, and societal. Based on his own personal experiences and interviews with other entrepreneurs, The Purpose Economy is a guide on how to transform your company and career to better serve the world.
by Rich Horwath
Elevate by Rich Horwath Elevate offers leaders and executives with an outline for developing advanced strategic thinking approach. Strategy expert Rich Horwath focuses on advanced strategic thinking that will drive results in the short-and long-term. His three-discipline approach breaks strategy down into its fundamentals: Coalesce, Compete and Champion and how to apply it to your day-to-day tasks.
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.
Ever wonder why in some organizations the key to success are the frontline leaders? It’s because those companies value their employees’ creativity and experience. Frontline employees can be a huge asset because they have insight into what customers want. In Judgment on the Front Line, management experts Chris DeRose and Noel Tichy explain why frontline employees are so important to organizations and why it is crucial to involve them in decision making. This book is now available as a Soundview Executive Book Summary.
Many companies don’t know how to give frontline associates a useful tool kit for problem solving. DeRose and Tichy explain that most organizations don’t know how to evaluate the risk of giving employees more responsibility to exercise their own judgment. Leaders will learn that it is not a risk but an opportunity to value frontline employees’ opinions. In Judgment on the Front Line, you will learn how to implement frontline leadership in your company and how to involve frontline employees in decision making.
The authors write about a five-step process for building a frontline-focused organization. These steps can help leaders to build or rebuild their companies from the front line to use the knowledge of these employees. The first step is to connect the front line to the customer. “The CEO and senior team have three fundamental responsibilities in step 1: Understand changing customer needs based on feedback from customers and employees. Ensure that the organization’s capabilities match the customer promise. And connect the front line to delivery and improvement of the customer value proposition.” Judgment on the Front Line goes on to list the other steps in this process. The other four steps are teach people to think for themselves, experiment to implement, break down the hierarchy, and invest in frontline capability. Throughout the book, the authors provide many examples of how some companies are using frontline leadership successfully and how investing in your frontline can be beneficial and deliver greater results for your organization.
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.
We get swamped with emails and text messages daily. In a world where everyone is busy and constantly receiving information, you need to be a lean communicator. In Brief, senior marketing executive Joseph McCormack helps you develop into a master of brevity with the greatest impact. McCormack advises readers to use his step-by-step approach to becoming a brief communicator by quickly delivering your message in fewer words. This book is now available as a Soundview Executive Book Summary.
McCormack writes how to overcome overcapacity. When you’re constantly bombarded with information, your attention span becomes short. In Brief, McCormack gives statistics on the declining attention span in the United States. The average attention span has shrunk from 12 seconds in 2000 to eight in 2012. By being brief, you’re not only working more efficiently but your message will be more effective.
He also states that achieving brevity can be difficult because of the “seven capital sins” that can hinder you. “There is no single reason why people find it hard to be brief. Love of talking seems to be the logical front-runner, but in reality, it is among a short list of seven key contributors that can be deadly if left unchecked.” Brief continues to list the seven capital sins that can be detrimental to your brevity. The seven capital sins are cowardice, confidence, callousness, comfort, confusion, complication, and carelessness. Within these “sins” there’s room for you to understand why you’re not communicating as effectively as you should so you can transform into a master of brevity. Other topics you will learn by reading this book is how to make your message more concise and how to apply BRIEF principles to every message. By doing so, you will achieve greater results in various areas of your professional life.