I have just spent several days working with a large listed Australian company at an offsite in the Blue Mountains. They were taking their Strategic plan and consciously building their plan to executethe Strategy. Typically you should spend as much time planning the execution as you do making the Strategic plan and yet this is rarely done.
This is core business for Advisory.Works as our clients know & it prevents one of the biggest frustrations in business today: A lack of execution. Nothing happens…..a great plan is never realised, it sits on the shelf and gathers dust. This is total insanity & so often Business Leaders wonder why their fantastic Strategic plan never ever gets executed. How can it?
Here are a few thoughts on Disciplined Execution from a recent CEO Leadership Panel I was part of in Christchurch.
Recently I took part in a leadership panel with three other CEO’s. This is a short clip taken from the wider panel video (the link is attached).
The Leadership panel was held recently in Christchurch for a large group of CEO’s, their leadership teams and business leaders. The other CEO panel members were Shaun Maloney of ARANZ Geo, Lincoln Booth of Cookietime, Keith Jessop of EMDA.
Shaun Maloney is the CEO of ARANZ Geo, a finalist Company at the recent New Zealand High Tech Awards in Auckland. Shaun is a recipient of the Prime Ministers Leadership Award and has been a client of Advisory.Works for a number of years as his Company grows and scales. Here is a 2 minute video with him outlining why he works with our company in the Strategic Execution and Executive Leader Development areas.
I recently attended the 3 day Singularity University Summit in Christchurch. A 36 hour fire hydrant of the latest information looking at the mountain of change all of us on this planet face over the coming years. It was at times overwhelming, often daunting, incredibly exciting and certainly full of opportunities.
As businesses face the prospect of disruption through technology change I am struck by the two most common responses. Either;
They know it is coming but don’t know where to start planning for it and how change might impact their business. So they don’t start the journey to understand what they don’t know yet.
They are so inward focussed on their own business they simply have no idea things are even changing around them.
Some actual recent scenarios I have had working with the Senior Leadership Teams from a range of industries ($10m revenue companies through to $1Bn plus) as they lift the horizon of their planning to beyond the next 1 – 3 years. In the last few months;
A manufacturing company who thought robotics & automation would not impact their business in this decade but after research & discussion realised the impact on their plant, equipment, people is less that 2 years away.
The company who realised that their business model would probably be totally obsolete in 15 – 20 years but were not doing anything about it because none of them would be in the company then and they never looked that far ahead nor had any sort of agenda to discuss it as a group. When we led the discussion they have totally changed this view point as leaders of a large organisation.
The transport company who as a senior team felt that automated vehicles are 10 years away but after committing to explore this & visiting Europe they discovered that not only will their whole fleet and drivers be impacted significantly, it will start in Feb 17 when their next 3 trucks are delivered with a driverless capability & already they can see that their insurance companies will reduce premiums because this technology is safer. This will drive the change faster across the industry.
I could go on. My point is that this will be the biggest leadership challenge any of us leading in business over the coming 5 – 10 years will face. We can’t duck dive the wave of change but we can choose to consciously start to understand how it will impact us and our organisations. I am reminded of a quote I once heard “You might hate change but you will hate irrelevance even more.” Ignoring it is not an option and the sooner you start the easier it will be to adapt.
At Advisory.Works we believe that leaders and organisations must adapt & constantly change in the future so that they can thrive. There is massive business opportunity within this change and for many “what” they do may not change but “how” they do it certainly will. Those of us leading now must build the Adaptability Quadrant (AQ) of ourselves, our people and our organisations. Moving forward AQ will become a key predictor of success much as IQ & then EQ did.
Leaders and organisations must be adaptable so they have the resilience to constantly adapt, iterate and evolve. Now more than ever leaders must invest in professional development and this start with an awareness of what they will face in the future.
Without this you will simply just hit a brick wall as an organisation.
We use this video on our Executive Leadership Program. It nicely tells the story of the soft (EQ) skills that are so important as a modern business leader. In fact to move beyond transactional type management and to develop as a leader who can adapt, flex and grow a business in todays disruptive environment these are the skills to develop.
It constantly amazes me how many professional leaders don’t invest in their own ongoing professional development. Those who do achieve a major competitive, they consistently out perform competitors by having a highly engaged confident team delivering exactly what clients need. They pivot through disciplined execution to stay ahead and they are highly profitable.
I am lucky enough to guest lecture at the University of Canterbury at the School of Business and Law. Supporting Masters level and MBA students with access to real life business opportunities and thinking is something I am passionate about. In July I introduced my good friend John Spence (Find out more about Top 100 Business Thought Leader John Spence here) to UC to speak about “Leading in Constant Change”. Here is his presentation.
I am often asked what we do and why we do it. A few weeks back I spent some time working with my good friend & Leadership Expert John Spence in Florida. We took the opportunity to shoot a few videos and I thought it was time to articulate this starting with this Introduction to The RESULTS Group.
Why do we do what we do?
The RESULTS Group exists to make an “intentional difference” to peoples lives. We love what we do and are very good at it. We work with leaders across many organisations and industries as they seek to make a true difference in their lives and the lives of those they lead. We work with good companies seeking high performance results. We keep them ahead of disruption and support them to grow capability and capacity……to execute the important things. The connection we have with people inspires us to go that little bit further, to do what it takes to make a significant impact on people and the organisations they choose to lead and to be part of.
Our Mission (Big Hairy Audacious Goal) is to disrupt Business Advisory (to redefine Advisory in a good way) by 2020 for High Performance Businesses and Leaders.
What gets under our skin?
We hate that Advisers provide average advice and charge a lot of money. We are sick & tired of the fact that the advice is generally just Accounting advice from people who have no understanding of how to implement change or to apply the advice to real life situations. These same people are being significantly disrupted in their own industry and are often not living what they are teaching.
Other advisers make it a dark art and seek to charge as if they have the “magic bullet.” Often their work is not tangible nor the difference they make measurable. Sometimes their clients struggle to apply it and in frustration don’t get the break throughs. Further those dispensing the advice have not led at a high level themselves. They have not made real life mistakes, earned a few battle scars nor dealt with the behavioural challenges of leading people. They can’t tell real stories that bring things to life.How can you give advice if you have never done it? Worse still these advisers rarely ask for feedback from their clients.
It is not good enough and we are doing something about it.
What do we do?
We work with good Companies to support them to execute their strategy. We are their “Strategy Execution Partners.” We collaboratively work with our clients as the “generalist” in their business. They are after all the experts and have achieved a lot over many years.
We ask the questions, we create the discussions within their teams, we apply a framework to bring it to life. Further we don’t keep it a secret. In fact our frameworks and tools are freely available and based on the research of the worlds experts. The value is not in the tool but in the discussions and alignment of the leaders in the business. It lies in the application of theory into the current business reality.
Our clients are privately held established Companies seeking to intentionally get better at what they do.
Core Business is getting the important things done which means supporting Business Leaders to disrupt the day to day Business as Usual Operations of the Business to grow capability & capacity. This means supporting them to change and adopt new ways of leading and focus. We help them to “Simplify their Business” by ensuring they have a simple Strategic Plan that their people can execute.
Often we support Leaders to develop their skills to lead at the next level or to grow and develop the leaders in their organisation so they can step back or bring the Company under management. This may be at the Governance, Advisory Board, CEO, GM or Senior Leadership Team level.
It sounds simple (and it generally is) but it is never easy to make a commitment to incrementally get better & better in an ongoing way. It takes focus and requires the important things to be done rather than the urgent.
This is about building a culture of high performance, learning, growing and coaching. The best leaders are the best coaches, managers, mentors and life long learners.
We know it works too. Our clients tell us each 6 months exactly what difference it makes in their lives & businesses. We also measure it so we have the data to show a very good return on their investment of time and money. There are no magic bullets either. It takes focus, hard work, clever thinking, tough discussions and a “try new things, fail fast & iterate the plan” approach to leading smart people.
Taking a long term approach to working with client companies we know they never leave our networks. They may disengage as a paying client but they re engage when they need us. We often work with clients for 3, 4 or 5 years (longer with many) and they come back as they need to grow to another level.
We also have fun, apply the same frameworks to our own business and live our Purpose and Values each day. Our people have been there and done it. Sure they have the academic qualifications but more importantly they have the real life experience of leadership & they love what they do. We make a difference & that it is valued by those we choose to work with.
But don’t take our word for it either…….ask any of our clients & as you join our networks there is plenty of opportunity to do this.