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In our first two minisodes on leading high performance teams we built your vision and purpose.
So your team now knows where they should be in two to three years and also why (your purpose).
The next logical question is how? And this means pulling the right levers to make the biggest and most effective impact in your area.
For more info check out www.chiefmaker.com.au/81
Many executives make a critical error at the outset of leading a transformation. They don't stand back and clearly assess the current situation, relying instead on a partial understanding of the environment in which they're operating. This error costs them time and money, and it raises stress and resistance throughout the process.
Chiefs spend significant time precisely mapping the territory before they start. Rather than launching projects randomly, they apply deep understanding to the problem.
This mapping gives them an in-depth understanding of the economics, culture, and their team's capabilities. They understand how the departments work together, the legal and market conditions, the technology in play, the finances, the service, and the operational numbers. They understand that they operate in a living and breathing system. Changes within this system have ripple effects that spread throughout the business. Thanks to broad and deep understanding of the operating environment, it is substantially more likely that, at the end of the transformation process, they end up with a smoothly operating system.
Remember, most of the time you're not setting the whole company strategy. The CEO, executive team and board will most often lead that process which focuses heavily on how your organisation differentiates itself from competitors, which parts of the value chain you will optimise over others to maximise profit and how the organisation will leverage branding, pricing, market entry and exit etc.
What you're leading is a critical department transformation that will ensure the success of the company and department vision. And there are generally four big levers to pull that will transform your department's performance:
Stand back and assess your current department and ask yourself, "which of these is currently my biggest problem to achieve the department and organisational vision?"
Now that you have a clear understanding of the levers you want to pull they need to be turned into initiatives that will drive change. This should be fairly logical with a clear line of sight between a project and a performance lift. The most common pitfall here for leaders is not getting the sub-projects right, it's doing too many.
This is the crux of the issue. This is why so many attempts to lead transformation fail right at the beginning. Overload. They create so much busy-ness and activity that its impossible to do it all and none of them succeed.
Chiefs courageously cut through conflicting interests to set clear priorities. Those destined to spend their entire careers struggling ineffectually in management positions let everything happen at once. It's a recipe for certain failure.
Laser focus is necessary to make change powerful and lasting. Tackle one issue at a time. This doesn't mean combining a number of projects so that it feels or looks like you're only pulling one lever when, in fact, you're pulling many of them. When you're trying to spin too many plates, there are consequences. Everything comes crashing down. Quality suffers, innovation dries up, there's poor stakeholder management, stress, missed deadlines and budget blowouts. Projects get cancelled each time you switch strategic direction, and those in your department are left weary and wary of more change.
Have patience and sequence different levers after each other. This way, each new initiative leverages off the improvements of the previous ones. There are often unexpected consequences (some good, some bad) that come in change's wake. These developments might make the next change in line inappropriate or ineffective. At the end of each change initiative, reset as a team and (when necessary) reprioritise. New benefits might be leveraged in powerful ways. There might be quick and easy wins that you're leaving on the table if you move too quickly from one initiative to the next.
Remember as well to underpin the whole change process with sound project management and a governance rhythm to ensure everyone maintains alignment and the focus on driving the results continues.
It says a lot about a person if they can focus on driving highly complex change processes (and stay focused in the midst of them). It tells those above you that you're smart, that you're willing to make tough calls when necessary, and that you understand how to turn theory into practice. It is one of the skills that Chiefs possess.
Time to weave it all together. The All Blacks and Football Federation Australia have both created beautiful examples of vision, purpose and strategy all integrated and working brilliantly in the real world.
For more info check out www.chiefmaker.com.au/81
In today's episode we meet Ronsley Vaz.
Ronsley is a speaker, author and marketer. He is the author of the book AMPLIFY – How to raise your voice, boost your brand and grow your business. His podcast, 'Bond Appetit', is Australia's #1 food podcast on iTunes and receives between eight and twelve thousand listeners a day. Ronsley is also the founder of content marketing agency Amplify, which has grown from zero to twelve staff in just ten months.
Ronsley sits on the board for freetoshine.org, an organisation that prevents sex trafficking. He has an MBA in Psychology and Leadership and a Master's in Software Engineering as well as a Diploma in Financial Services. Ronsley's journey has seen him specialise in a variety of different industries. Before killing it as an entrepreneur, he worked as a DJ, software engineer, financial adviser, restaurateur and chef.
His newest venture, Amplify, is all about converting audio into a content-marketing echo chamber. He and his team help clients create content and turn it into genuine assets that allow their businesses to grow.
We cover:
See more at www.chiefmaker.com.au/80
Last minisode we spoke about Vision which is the what you're going to achieve. The destination. Purpose is all about your why, your spirit, serving the greater good.
Simon Sinek, author of "Start with Why" says, "People don't buy what you do, they buy why you do it."
And that goes for people buying your products and people buying into your business or team plans.
If you don't put purpose at the heart of what you do you'll never know what it's like to have someone in your team go the extra mile for the team.
You can find our more at www.chiefmaker.com.au/79
How Does purpose give us energy and make us kick out of bed in the morning?
Purpose unleashes oxytocin, serotonin and dopamine because when we do something significant that is for the benefit of others and the world these so called Happy Chemicals release into the body making us feel great and improve our bodies immune system and flow.
Every time I've had a huge week and it gets to Friday and I need to record a minisode I picture someone listening in their car and on the train and that they get just one thing from it that changes their approach and then it ripples. This get my juices flowing...and sparks me with energy.
No purpose and all business leads to a stail existence. One where stress and overwhelm thrive. This is the land of Cortisol a stress hormone that is more like the unhappy drug.
When we live with purpose everyone around us starts to the thrive and feel happy. You see when we see other people doing good things for others it triggers the happy chemicals too. Not only that but when we do it as a team the ripple effect of our work can change the world.
Get your team together and ask:
The next step is then connect this with your Vision. If you can align your Vision and Purpose then mountains can be moved.
Let's remember the NASA Story, President John F Kennedy set the vision and goals, "We chose to the go to the moon. To send mankind to the moon and bring them safely back to earth again within the decade."
Then he incorporated the purpose. "We mean to be a part of it--we mean to lead it. For the eyes of the world now look into space, to the moon and to the planets beyond, and we have vowed that we shall not see it governed by a hostile flag of conquest, but by a banner of freedom and peace. We have vowed that we shall not see space filled with weapons of mass destruction, but with instruments of knowledge and understanding."
Without purpose your life and work will feel heartless, soulless and all business. The running around will not make sense. You'll constantly feel like your just in the rat-race and search for an out. But put it in your life and it'll all feel worthwhile. You'll be more resilient, more focused and just more happy and everyone will see it. They'll always remember that you had values and character and cared more about the planet and others than yourself and profit.
This is the way of GREAT chiefs.
You can find our more at www.chiefmaker.com.au/79
This week you and I are joined by Siobhan Hayden, the COO and Board Advisor of HashChing a progressive and innovative fintech start-up. HashChing is Australia's first online marketplace for customers to access verified mortgage brokers.
Siobhan is also a Director of Running for Premature Babies and former CEO of The Mortgage & Finance Association of Australia (MFAA) the peak industry body providing service and representation to more than 12,500 Professional Finance Brokers.
We cover:
Full show notes at chiefmaker.com.au/78
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