Yesterday I went to a business presentation that had Chairman of the Canterbury Chamber of Commerce, Peter Townsend, outlining where he thinks the Christchurch rebuild is at. Some interesting stats;
1. Biggest insurance event ever.
2. Rebuild has not even started ie 700 of 25,000 houses fixed, 10,000 new houses needed.
3. Road repairs & horizontal infrastructure upgrades have 3 further years to run.
4. Big decisions still to make for the city centre and the plan.
5. $40Bn plus coming into the economy.
Overall the message I took away was that whilst there are many issues to address, problems to overcome and some big unknowns (no one has rebuilt a NZ city on this scale before) the overall economic picture for Christchurch and the country is very positive. The next ten years are going to be busy and productive ones.
Bring it on Christchurch.
“You did us proud pushing us to hold the funders to task”
Christchurch based Nationwide company
Often when you set strategy and start to execute it and make things happen it is very easy to lose perspective. It generally requires some change and with change comes uncertainty and a feeling that there is a loss of control as the company ventures outside the normal comfort zone of Business as usual.
Recently a client planned to change their whole business model and the way in which they make their money. It required taking a government funder to task and challenging the status quo. Get it right and things go to a new level, get it wrong and suddenly the company is relying on commercial funding. Either option has some risk but also presents new opportunity.
I didn’t do much except encourage them to be brave enough to back themselves and to execute what they planned to do. As an external trusted advisor, I was able to see they were on track, but just in the chaos of the change. Having less emotional engagement allows a different perspective. The Directors of the company pushed on with their well thought out strategy, kept going when things got tough and some really exciting things are now happening.
The learning: What got you here won’t get you there and with change comes opportunity.
Its a great feeling be making a difference which is the whole reason I love this role.
“The Company Who Owns the Voice of the Customer Wins.”
This short video from Leadership Thought Leader and Author, John Spence, is well worth watching (Link here). I have recently facilitated “Voice of the Customer” sessions for a number of our clients and it is a powerful tool for changing the approach of teams as to how they deliver products or services. To be clearly told what you do well, what sucks and what you can do to get more business or to get even closer to the users of your products is absolute gold. Have a watch of the video and let me know if it was of value and what you thought.
The view from the Results Group main board room in downtown Auckland. Time for a beer or two with clients last Thursday after work.
“In the absence of clearly-defined goals, we become strangely loyal to performing daily trivia until ultimately we become enslaved by it.” -Robert A. Heinlein
Isn’t that the truth. I come across people & businesses most days who in the absence of good strategic goals, actions and focus live in a chaotic world of business as usual. Business as usual is the biggest enemy of execution……actually getting important stuff done. Make the space for some good effective planning, think bigger picture and define what you are trying to create and then go like hell to implement it. Along the way there will be trials, learnings and changes but something cool will happen.
Just do it!
Had a client today lose a lot in a building fire. It is a good reminder to have good business interuption and income protection insurance. Up and running almost immediately. There are enough decisions to make, problems to solve and staff to keep employed without the added stress of an insurance problem or worse……none! Thats the immediate stuff starting to get under way.
With a good strategic plan (as we saw during the earthquake) and a team that is engaged with it a company can quickly update the immediate actions that need to occur and alter the tactics if required. The company quickly then realigns and does what is needed.
Times like these are full of uncertainty and tough decisions but they can also pull a team culture together if there is good communication and strong leadership.
I love this quote. I was recently reviewing a clients strategy. All the directors in the room were happy just to settle for average rather than have some difficult discussions that would address the problem. I had to challenge them on it and whilst it caused some conflict it was productive conflict and led to a valuable conversation. Sometimes you need that to get a great result.
Business Execution for Results
A great read written by Kiwi Stephen Lynch who for many years has been the Operations Officer for RESULTS.com. A clever and awesome mate who writes blogs, growth tips and is an example and inspiration for many. I recommend the read. (Link Here to Amazon Bookstore).